Matrix Gas & Renewables Share Price

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• The company operates in the business of Natural Gas Aggregation, involving the sourcing and marketing of natural gas. It is strategically positioned to meet India's growing energy demand by ensuring gas supplies from diverse sources at competitive prices and with flexible terms. The company has rapidly established itself as a reliable supplier in the natural gas aggregation market, with a satisfied customer base in India.
• Originally incorporated on March 6, 2018, as "Gensol Renewables Private Limited," the company was renamed "Matrix Gas and Renewables Private Limited" on February 4, 2022. Initially focused on renewable energy projects and solar industry services, the company expanded its main business in December 2021 to include trading various fuels, including natural gas, oil, and power, and providing energy planning and management consultancy.
• The company sources gas on medium to long-term bases, offering reliable and efficient solutions to Indian downstream customers. It provides flexibility by catering to diverse natural gas requirements, from daily to yearly supplies, and offers competitive prices, flexible contract terms, secure gas supply, and optimal off-take durations. Additionally, the company manages the complexities of gas transportation and varying state tax structures to provide optimal solutions for customers.
• Operating from its registered office in Ahmedabad, Gujarat, and branches in other states, the company procures natural gas and R-LNG from exploration and production companies and LNG importers across India. Its customers span various industries, including crude refineries, ceramics, fertilizers, petrochemicals, steel manufacturing, city gas grid development (CGD), glass manufacturing, power plants, FMCG, and other industrial sectors.
• The company distributes natural gas through common carrier pipeline networks operated by GAIL India Ltd., Gujarat State Petronet Ltd., GSPL India Gasnet Ltd., Pipeline Infrastructure Ltd., and Reliance Gas Pipelines Ltd. By March 31, 2023, the company had developed a gas aggregation business with volumes exceeding 85 mmscm, providing reliable and efficient solutions to Indian customers. It is technically qualified and empaneled with most industrial customers and CGDs for natural gas supply.
• Additionally, the company has held a proprietary membership with the Indian Gas Exchange (IGX) since December 13, 2022, allowing it to source natural gas for short-term needs. It also engages in gas sale and purchase agreements for short-term natural gas procurement. Furthermore, the company is focusing on solar power projects on an Independent Power Producer (IPP) basis, having novated contracts for a 5330 kWp solar PV power plant. Revenue from the supply of electricity from this plant will begin flowing to the company in FY 2024-25 after its commissioning.​​