Trualt Bioenergy Ltd

Trualt Bioenergy Expands with 3 New CBG Plants 🌱 | JV with Sumitomo Corp

- Setting up 3 CBG plants, each with 20 TPD capacity.

- Corporate Guarantee worth 51% of project cost provided by Trualt Bioenergy for JV with Sumitomo Corp.

- ₹180 crore term loan sanctioned by NABARD to subsidiary Trualt Gas Private Limited (TGPL).

- Trualt Bioenergy to pledge 51% of its equity shares in TGPL as loan security.

- Transaction is at arm's length, with no direct promoter interest (except certain directors on TGPL's board).

- Equitable commitment from both JV partners, meeting NABARD's security conditions.