Matrix secures Rs 3.5 billion in pre-IPO round

Matrix Gas & Renewables has secured Rs 3.5 billion in the pre-IPO round. With this recent capital infusion, Matrix is now poised to expedite its growth endeavours, focusing on increasing market presence in gas aggregation, procuring city gas distribution assets, and supporting ongoing capex plans. This funding round will fast-track the establishment and operation of green hydrogen production facilities in the engineering, procurement and construction and build-own operate modes.