Wastewater treatment solutions provider Membrane Group raises $50-M from GEF Capital

Gurugram-based Membrane Group India , a provider of processed water and wastewater treatment solutions, has raised USD 50 million from GEF Capital Partners’ South Asia Growth Fund III.Founded in 1984, Membrane Group specialises in ultrapure water, effluent treatment, water reclamation, and zero liquid discharge (ZLD) systems.The fresh issue will be used by the company to support its enhancements in project execution, R&D initiatives, and the development of resource recovery solutions and expanding its capabilities in core offerings. The firm also aims to strengthen its ability to deliver large-scale projects in India and abroad.