Matrix Gas and Renewables is engaged in the aggregation, sourcing, and marketing of natural gas. Positioned to significantly support India’s energy demand growth, Matrix Gas and Renewables ensures reliable gas supplies from multiple sources at competitive prices with flexible terms. Matrix Gas and Renewables has quickly become the most reliable and rapidly growing supplier in the natural gas aggregation market, consistently satisfying downstream customers in India.

Initially incorporated as “Gensol Renewables Private Limited” on March 6, 2018, under the Companies Act, 2013, with the Registrar of Companies, Central Registration Centre, Matrix Gas and Renewables underwent a name change to “Matrix Gas and Renewables Private Limited” on February 4, 2022, as recognized by the Registrar of Companies, Ahmedabad. Later, Matrix Gas and Renewables transitioned to a public limited company, adopting the name “Matrix Gas and Renewables Limited” on March 31, 2023, with the Registrar of Companies, Ahmedabad issuing a new certificate of incorporation.

• Gas Aggregation:

At the time of its inception, Matrix Gas and Renewables was primarily involved in the construction and development of renewable energy projects and providing services in the solar industry. In December 2021, Matrix Gas and Renewables expanded its main objectives to include trading various types of fuel, such as natural gas, oil, and power, and offering consultancy services in energy planning and management, thus venturing into the Gas Aggregation Business.

Matrix Gas and Renewables’ customers belong to segments such as crude refineries, ceramics, fertilizers, petrochemicals, steel manufacturing, city gas grid development (CGD) for industrial and commercial demand, glass manufacturing, power plants, fast-moving consumer goods (FMCG), and other industrial plants where natural gas is used in the manufacturing process.

Matrix Gas and Renewables distributes natural gas primarily through common carrier pipeline networks operated by GAIL India Ltd. (GAIL), Gujarat State Petronet Ltd. (GSPL), GSPL India Gasnet Ltd. (GIGL), Pipeline Infrastructure Ltd. (PIL), and Reliance Gas Pipelines Ltd. (RGPL).

Matrix Gas and Renewables has developed a gas aggregation business with volumes exceeding 85 mmscm as of March 31, 2023, by providing reliable and efficient solutions to Indian customers. Technically qualified and empaneled with most industrial customers and CGDs for the supply of natural gas, Matrix Gas and Renewables ensures high standards of service.

On December 13, 2022, Matrix Gas and Renewables subscribed to a proprietary membership from the Indian Gas Exchange (IGX), enabling the company to source natural gas on a need basis for short-term requirements. This membership provides access to the natural gas free market, where prices are discovered through a free exchange mechanism.

Furthermore, Matrix Gas and Renewables enters into gas sale and purchase agreements with suppliers for the short-term purchase of natural gas. These agreements govern the terms of natural gas purchase, specifying a pre-determined delivery point connected to the suppliers’ facilities.

Additionally, Matrix Gas and Renewables is focusing on solar power projects on an Independent Power Producer (IPP) basis. The company has novated contracts with Amber Technoplast Private Limited, PICL (India) Private Limited, and Amber Enterprises India Limited for the installation of a 5330 kWp solar PV power plant. Originally executed by Gensol Consultants Pvt. Ltd., these contracts were subsequently novated to Matrix Gas and Renewables. Revenues from the supply of electricity generated by the plant will start flowing to Matrix Gas and Renewables in FY 2024-25 after the plant’s commissioning.

Matrix Gas and Renewables operates in Gujarat, Rajasthan, Maharashtra, Haryana, Punjab, Uttarakhand, Uttar Pradesh, and Himachal Pradesh. The company’s operations include the distribution of natural gas to various sectors, including:

(a) Crude Refineries
(b) Ceramics
(c) Fertilizers
(d) Petrochemicals
(e) Steel Manufacturing
(f) City Gas Grid Development (CGD) for Industrial and Commercial Demand
(g) Glass Manufacturing
(h) Power Plants
(i) Fast-Moving Consumer Goods (FMCG)
(j) Other Industrial Plants

• Green Energy:
• Green Hydrogen: Hydrogen is a crucial element in the clean energy transition. Matrix Gas and Renewables Ltd has developed the technical expertise and professional team to deliver Engineering Procurement and Commissioning (EPC) and Build Own Operate (BOO) projects for green hydrogen production. Matrix will establish a manufacturing plant with up to 2 GW of hydrogen electrolyzer capacity. The electrolyzer is a key component for any green hydrogen production plant, essential for producing low-cost, high-quality hydrogen used in a wide variety of applications. Matrix has developed core competency to serve all supply chain components of green hydrogen, from production, storage, and transportation to dispensing and the production of green ammonia.
  
  
• Biogas: Matrix Gas and Renewables has ambitious plans to establish Compressed Bio-Gas (CBG) plants across India. The dedicated team at Matrix Gas and Renewables is conducting thorough due diligence to identify suitable locations, assess the sustainable availability of raw materials, and evaluate technology providers and reliable EPC contractors. Matrix Gas and Renewables is exploring the use of various raw materials, including agri-residue, press mud, cow dung, Napier grass, potato peels, and municipal solid waste, along with associated technologies.

With strong financial backing and a solid credit line, Matrix Gas and Renewables is well-prepared to invest in the setup of CBG plants. Leveraging its expertise in natural gas portfolio management, Matrix Gas and Renewables is confident in efficiently marketing CBG to industrial customers and as a fuel for vehicles, ensuring a hassle-free experience.

• Solar Power Generation: Matrix Gas and Renewables is committed to partnering with customers from concept to commissioning of solar power generation projects. These projects are backed by a thorough analysis of the land, solar radiation, grid connection infrastructure, and emerging technologies.

Matrix Gas and Renewables considers various factors, such as geographical location, climate conditions, temperature and its impact on equipment, local facilities, and potential maintenance requirements. By doing so, Matrix Gas and Renewables ensures that all capital investment projects are executed after carefully considering and studying the associated risks.