Green Gene Enviro Protection Raises Rs 90 Crore for Eco-Innovation
Green Gene Enviro Protection and Infrastructure secured Rs 90 crore from investors, including JM Financial Private Equity, to enhance its waste-to-energy operations. The funds aim to boost GGEPIL’s capacity to process hazardous waste from diverse industries, aligning with increasing environmental regulations and the drive for sustainable waste management solutions.
- Country:
- India
Green Gene Enviro Protection and Infrastructure (GGEPIL) announced on Wednesday that it has successfully raised Rs 90 crore in funding. The financial backing comes from JM Financial Private Equity, the SRF family office, and other investors. GGEPIL is renowned for its work in converting hazardous industrial waste into alternative energy.
The company's capabilities include the collection and processing of waste from various sectors including chemicals, pharmaceuticals, and the automotive industry. As environmental regulations become more stringent, the demand for responsible waste management solutions continues to rise, making GGEPIL's operations increasingly vital.
Vinit Rai, managing director at JM Financial Private Equity, emphasized the long-term potential GGEPIL holds. The funds were invested through the JM Financial India Growth Fund III, which focuses on varied sectors and has previously invested in companies like API Holdings and Silveredge Technologies.
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