In Bulgaria, Renewables Now reported that Matrix Gas and Renewables Ltd, an Indian company engaged in the natural gas and green hydrogen sectors, is seeking to raise up to $143 million in its planned initial public offering (IPO) in Bombai. Earlier this year the company secured $42.3 million in a capital hike to support its plan of expanding its green hydrogen production capacity and lift the market share of its gas aggregation business, according to the report. Chirag Kotecha, the CEO of Matrix Gas and Renewables, said that the new funds will help the firm to partly finance the development of 1 GW of green hydrogen projects over the next three years.
More on the story.
