<ul><li>GPS Renewables' ARYA has raised Rs 100 crore in mezzanine financing from InCred Opportunities Fund and Spark Capital.</li><li>The funding will be used for developing Compressed Biogas (CBG) projects under joint ventures with Indian Oil Corporation and Bharat Petroleum Corporation Limited.</li><li>ARYA, a subsidiary of GPS Renewables, focuses on sustainable biofuels and industrial decarbonization.</li><li>GPS Renewables has previously raised $70 million from debt financing and equity funding.</li></ul>

GPS Renewables’ ARYA raises Rs 100 crore Mezzanine Financing from InCred, Spark Capital

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