Banka BioLoo has received approval for incorporation of a wholly-owned subsidiary of the company namely ‘Megaliter Varunaa’. The proposed wholly-owned subsidiary company to be incorporated in India shall carry out business in area of collection, purification and distribution of safe water. The meeting of the Board of Directors of the Company held on May 30, 2022 has approved the same.
Banka BioLoo provides sanitation infrastructure and human waste management solutions and services.