Megaliter Varunaa Secures Rs 15 million Seed Funding for Urban Water Circularity

24 Oct 2025 CW Team

Hyderabad-based Megaliter Varunaa, a subsidiary of NSE-listed Banka BioLoo Limited and mentored by Brigade REAP, has raised Rs 15 million in seed capital from long-term institutional investors. The funding will accelerate project development, technology innovation, and business expansion in urban water management.

Megaliter Varunaa transforms sewage treatment plants into circular water utilities through its flagship ‘Megaliter Model’—a zero-CapEx, subscription-based solution that maximises wastewater reuse for non-potable applications such as flushing, landscaping, and chiller systems. The company has treated over 3 billion liters of wastewater, with current capacity exceeding 2.5 billion liters annually, and plans to recycle more than 10 billion liters annually within the next 12 months.

Vishal Murarka, Managing Director, Megaliter Varunaa, said, “This seed capital marks a pivotal milestone in our journey to meet India’s pressing need for sustainable water solutions. We are committed to converting underutilised assets into efficient, resilient urban water utilities.”

Abhay Garg, Chief Mentor at Brigade REAP, added, “Megaliter Varunaa exemplifies impact-driven innovation, reimagining urban water infrastructure through circularity and climate resilience. Our mentorship helps them navigate complex ecosystems, unlock scalable partnerships, and position wastewater as a viable utility service.”

Looking ahead, the company plans expansion into major metros such as Mumbai and Bengaluru, while exploring water credits to incentivise recycling and attract further investments, driving water-positive, sustainable urban infrastructure.

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..