+
NexGen Energia plans to invest Rs 15 Tn over 10 years
OIL & GAS

NexGen Energia plans to invest Rs 15 Tn over 10 years

Green energy solutions company NexGen Energia is set to invest Rs 15 trillion to establish 5,000 green diesel and compressed biogas (CBG) pumps across India over the next decade. The Noida-based firm recently launched its first CBG pump in Mau district, Uttar Pradesh, marking its entry into engineering, procurement, and construction (EPC) services in the clean energy sector.
"The company's commitment to clean energy extends far beyond this single pump. We plan to open a total of 5,000 green diesel and CBG pumps nationwide in multiple phases over the next 10 years, with each pump costing approximately Rs 300 million. This will amount to an investment of Rs 15 trillion in the green energy sector," NexGen Energia Chairman Piyush Dwivedi told PTI.
"Moreover, this initiative will create around 5,000 new entrepreneurs and provide direct and indirect employment to over one million people. Our aim is to make India self-reliant in the green energy sector, thereby reducing fuel imports by about 30%," Dwivedi added.
He emphasised that the company's vision goes beyond providing clean fuel, as it is actively working to build robust infrastructure to support a sustainable future for transportation in India.
"This significant expansion is expected to attract substantial investment into the Indian economy, driving significant economic growth," the chairman noted.
In April, Nexgen Energia's e-mobility arm, NGE, launched an affordable fleet of two-wheeler electric vehicles (EVs), with prices starting at Rs 36,999. The company aims to achieve sales exceeding Rs 5 billion this financial year and establish over 500 dealers and distributors, generating around 50,000 direct and indirect employment opportunities in the EV sector.
Plans are also underway to introduce electric trucks and buses, further solidifying the company's commitment to sustainable mobility solutions.    

Green energy solutions company NexGen Energia is set to invest Rs 15 trillion to establish 5,000 green diesel and compressed biogas (CBG) pumps across India over the next decade. The Noida-based firm recently launched its first CBG pump in Mau district, Uttar Pradesh, marking its entry into engineering, procurement, and construction (EPC) services in the clean energy sector.The company's commitment to clean energy extends far beyond this single pump. We plan to open a total of 5,000 green diesel and CBG pumps nationwide in multiple phases over the next 10 years, with each pump costing approximately Rs 300 million. This will amount to an investment of Rs 15 trillion in the green energy sector, NexGen Energia Chairman Piyush Dwivedi told PTI.Moreover, this initiative will create around 5,000 new entrepreneurs and provide direct and indirect employment to over one million people. Our aim is to make India self-reliant in the green energy sector, thereby reducing fuel imports by about 30%, Dwivedi added.He emphasised that the company's vision goes beyond providing clean fuel, as it is actively working to build robust infrastructure to support a sustainable future for transportation in India.This significant expansion is expected to attract substantial investment into the Indian economy, driving significant economic growth, the chairman noted.In April, Nexgen Energia's e-mobility arm, NGE, launched an affordable fleet of two-wheeler electric vehicles (EVs), with prices starting at Rs 36,999. The company aims to achieve sales exceeding Rs 5 billion this financial year and establish over 500 dealers and distributors, generating around 50,000 direct and indirect employment opportunities in the EV sector.Plans are also underway to introduce electric trucks and buses, further solidifying the company's commitment to sustainable mobility solutions.    

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Assam Gets Approval For 350,000 PMAY Homes

Assam Chief Minister Himanta Biswa Sarma met Union Agriculture Minister Shivraj Singh Chouhan in New Delhi, where the minister handed an approval document for 310,000 new homes under the Pradhan Mantri Awas Yojana. The chief minister subsequently posted on X expressing gratitude and noting that the minister had formally handed approval for 380,000 homes as well. The release and the social media post contained varying figures, with broader references to 350,000 homes reported in some summaries. The approvals carry central assistance equivalent to Rs 50 billion (bn), corresponding to the five th..

Next Story
Infrastructure Urban

KPIGreen Achieves Highest Energised Capacity of 630+ MW DC

KPI Green Energy energised more than 630 MW DC of capacity in the June to August quarter, marking the highest quarterly addition in the company's history. The capacity was brought online across its Independent Power Producer (IPP) and Engineering, Procurement and Construction (EPC) businesses. The company said the achievement reflected the scale, speed and consistency of its project execution engine. The firm described the quarter as a material operational milestone since its founding. The milestone covers a diversified mix of IPP assets and projects executed under the EPC vertical, spanning u..

Next Story
Infrastructure Energy

Adani Energy Solutions Wins Rs 47 bn Maharashtra Transmission Project

Adani Energy Solutions has won a transmission contract in Maharashtra valued at Rs 47 billion (Rs 47 bn) to evacuate 4,500 megawatt (MW) of renewable and storage power. The company informed exchanges that the project will facilitate pumped storage potential near Satara and strengthen the inter-regional corridor between the Western and Southern grids. The award follows a competitive bidding process and will support renewable energy evacuation to major load centres in the state. The scope includes establishment of a 765/400 kV substation at Satara, construction of a Kolhapur-Satara 765 kV double..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code