True Green Bio Energy Ltd
BBSE:TRUEGREEN165.15
INR
-4.90
(-2.88%)
True Green Bio Energy Ltd
BSE:TRUEGREEN
(Bombay Stock Exchange)
Recent
price
165.15
P/E
ratio
11.79
div
yld
- -
ROIC.AI
Capital Structure
INR
•
in mil. unless spec.Working Capital
INR
•
in mil. unless spec.Growth Rates
INR
•
in mil. unless spec.Quarterly Revenue
INR
•
in mil. unless spec.Quarterly Earnings Per Share
INR
•
in mil. unless spec.Quarterly Dividends Per Share
INR
•
in mil. unless spec.- Similar Companies
- Business
- True Green Bio Energy Limited, engaged in the production of ethanol and related byproducts, operates as a grain-based bioethanol manufacturer with ancillary power generation capabilities, headquartered in Ahmedabad, Gujarat, India. The company focuses on ethanol production for blending programs and supplies distillers dried grains with solubles (DDGS) to feed manufacturers, leveraging a grain-based process and captive power generation to support operations. Main products and services - Bioethanol (fuel-grade) produced from grain such as broken rice, for supply under long-term off-take agreements with oil marketing companies under the government’s Ethanol Blending Program - DDGS (distillers dried grains with solubles) for sale to the animal feed market - Captive power generation and energy management services supporting the bioethanol plant - Ancillary power supply (0.08 MW solar and 6.42 MW cogeneration) to meet plant electricity requirements Geographic and operational profile - Primary manufacturing facility located in Moriya (Moraiya) Village, Sarkhej-Bavla Highway, Sanand Taluka, Ahmedabad district, Gujarat - Operations centered in India, with ethanol and DDGS distribution to domestic customers, including major oil marketing and feed players Founding and corporate structure - Founded in 2003; headquarters and main facility located in Ahmedabad, Gujarat, India - Company operates as a public limited entity in the Indian corporate registry with a promoter and governance structure aligned to Indian regulatory requirements Recent major changes and strategic developments - Commencement of commercial operations at a new 300 KLPD grain-based ethanol plant in Ahmedabad, enabling expanded production and supply to major clients under government ethanol policies - Establishment and execution of long-term off-take arrangements for bioethanol with national oil companies (IOC, HPCL, BPCL) under the Ethanol Blending Program - Expansion of DDGS sales to feed manufacturers and open-market customers, enhancing product diversification - Ongoing development of green energy initiatives, including captive power facilities and solar integration to meet a portion of plant energy needs, aligning with sustainability and regulatory expectations Industry context and market positioning - Industry: Biofuels and renewable energy, with a focus on grain-based ethanol and co-products - Business segments: Bioethanol production and marketing; DDGS sales; captive and renewable power provisioning; potential future expansions in ethanol capacity and feedstock sourcing - Target markets: Indian oil marketing companies for ethanol supply; cattle, poultry, and other animal feed manufacturers for DDGS; broader energy and agricultural supply chains within India Subsidiaries and affiliations - Core operations revolve around the main manufacturing facility in Gujarat; potential ancillary arrangements with lenders and banks to support capital expenditure for expansion Notes - Information reflects public disclosures and company filings indicating a shift toward larger-scale ethanol production, strategic off-take arrangements with state and central energy buyers, and integrated power solutions to improve plant reliability and sustainability.