Core Insights - TruAlt Bioenergy Ltd reported an 8% decline in profit after tax (PAT) for the quarter ended December 2025, amounting to ₹69.19 crore compared to ₹75.19 crore in the same period last year [1] - The company's income for the quarter increased by 70% to ₹730.86 crore from ₹430.54 crore year-on-year [1] - For the nine months ended December 2025, net profit decreased by 9% to ₹3.03 crore from ₹3.33 crore in the corresponding period last year, while income rose by 13% to ₹1,189 crore from ₹1,047 crore [2] Financial Performance - Profit before tax for the quarter was up 3.8% at ₹89.68 crore compared to ₹86.39 crore in the same period last year [1] - The overall utilization of ethanol plants stood at approximately 60% on a gross-quarter basis, with utilization on operating days exceeding 95% [5] Operational Developments - The company completed a key phase of operating consolidation in the ethanol segment, with full commissioning of planned capital expenditure for grain-based integration [5] - Unit 5 received its Consent to Operate on December 17, 2025, allowing all ethanol plants to become fully operational [5] - The company is now positioned for near year-round operations, enhancing operational predictability and earnings visibility [4][3] Strategic Initiatives - The CBG segment showed strong performance, with plans for disciplined expansion including 24 greenfield CBG units over the next two to three years through joint ventures with Sumitomo Corporation and GAIL [6] - TruAlt is advancing a technology licensing agreement with Honeywell UOP for a 100 million litres per annum Sustainable Aviation Fuel plant in Andhra Pradesh [6] - The company is also nearing approvals for ₹150 crore viability gap funding under the PM JI-VAN scheme [6]

Core Viewpoint - GAIL (India) Limited is undertaking a significant capacity expansion of the Jamnagar-Loni LPG pipeline, which will double its throughput to meet the increasing demand for petroleum products and enhance the energy infrastructure in India [1][2]. Pipeline Expansion - The Jamnagar-Loni LPG pipeline's capacity will increase from 3.25 million metric tonnes per annum (MMTPA) to 6.5 MMTPA, with a total length of 1,107 km [1][2]. - The project is estimated to cost around ₹5,350 crore and will traverse five states: Gujarat, Rajasthan, Haryana, Delhi, and Uttar Pradesh [2]. Environmental Impact - Pipeline transportation is highlighted as more energy-efficient, safer, and environmentally sustainable compared to roadways, contributing to reduced carbon emissions in line with India's net-zero goals [3]. Additional Projects - GAIL has approved a 114 km natural gas spur line from its Vijaipur plant to the BPCL refinery complex in Bina, Madhya Pradesh, with an investment of ₹450 crore [4]. - A 20-tonne-per-day Compressed Biogas (CBG) plant is also being established in Sultanpur, Uttar Pradesh, which will produce 88 tonnes of Fermented Organic Manure (FOM) daily, supporting sustainable agriculture [5]. Regulatory Framework - The establishment of LPG pipeline infrastructure is managed by Public Sector Oil Marketing Companies (OMCs) based on techno-commercial feasibility studies, with the Petroleum and Natural Gas Regulatory Board (PNGRB) overseeing the authorization process for laying LPG pipelines [6].