Diversified conglomerate Hinduja Group has signed an agreement to invest Rs 200 billion (Rs 20,000 crore) in Andhra Pradesh over multiple phases, following a meeting with Chief Minister N. Chandrababu Naidu in London, the state government announced on Monday.

Naidu met Ashok Hinduja, Chairman of Hinduja Group India; Prakash Hinduja, Chairman of Hinduja Group Europe; and Shom Hinduja, Founder of Hinduja Renewables, to explore investment opportunities in the energy and transport sectors.

According to a government release, “An agreement of Rs 200 billion investment in phases was signed between the Andhra Pradesh government and the Hinduja Group to expand its investments in the state.”

As part of the pact, the Hinduja Group will expand the capacity of its Visakhapatnam power plant by 1,600 MW and develop solar and wind energy projects across the Rayalaseema region to strengthen the state’s renewable energy portfolio.

The conglomerate also plans to set up an electric bus and light commercial vehicle manufacturing plant at Mallavalli in Krishna district, aimed at bolstering Andhra Pradesh’s electric vehicle ecosystem.

Additionally, the agreement includes the creation of a statewide network of electric charging stations, in collaboration with the government, to promote green mobility and reduce carbon emissions.

Chief Minister Naidu stated that the partnership highlights Andhra Pradesh’s emergence as a key hub for renewable energy, electric mobility, and sustainable industrial growth.