GAIL India and truAlt Bioenergy Limited, an ethanol producer in India, have signed a term sheet for GAIL s 49% equity participation in TruAlt s joint venture company Leafinti Bioenergy Limited, which owns and operates India s second compressed bio gas (CBG) plant, with TruAlt Bioenergy holding 51%.
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Delhi/Bengaluru: The government-owned natural gas company GAIL (India) Ltd and the leading ethanol producer in India, TruAlt Bioenergy Ltd, have agreed to GAIL investing in TruAlt's joint venture, Leafinti Bioenergy Ltd.