Matrix Gas aims to raise INR 12 billion for green hydrogen expansion, enhancing its market position in sustainable energy and aiming IPO in 2025.
Matrix Gas aims to raise INR 12 billion for green hydrogen expansion, enhancing its market position in sustainable energy and aiming IPO in 2025.
Matrix Gas & Renewables
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Expert Analysis
Matrix Gas & Renewables Targets USD 143 Million IPO in 2025
Expert Analysis:
IPO Plans: Matrix Gas and Renewables Ltd is planning an IPO to raise up to INR 12 billion (USD 143m) to strengthen its position in the natural gas and green hydrogen markets.
Previous Capital Raise: The company previously secured INR 3.5 billion to expand its green hydrogen production capacity and increase its gas aggregation market share.
Project Financing: CEO Chirag Kotecha stated that IPO proceeds will finance 1 GW of green hydrogen projects over three years, backed by a total budget of INR 35 billion, with 70% from debt and 30% from equity.
