Announced Thu, 18 Jun · 18:03 IST
TruAlt Bioenergy gets Rs 150 crore approval for SAF project
Compliance View source PDF
TRUALT · price
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Price reaction · full curve 14 horizons · vs prior close
-1.2%1-day move
₹487.00
prior close
₹498.85
base price
After-mkt
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+0.7-0.0-0.4-0.9-1.2-2.9-2.5-4.7-6.0-3.4-10.6-13.8——
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AI summary
TruAlt Bioenergy has received approval for Rs 150 crore financial assistance under the PM JI-VAN Yojana scheme for its Sustainable Aviation Fuel (SAF) project. PM JI-VAN Yojana is a government initiative supporting second generation ethanol and other advanced biofuels. The funding will help develop the company's SAF project, which produces aviation fuel from sustainable sources like agricultural waste.
Likely market impact
Positive. Government funding of Rs 150 crore lowers project cost burden and supports growth in clean energy, likely boosting investor confidence.