Avaada to Invest Rs 1 Tn as it Scales Clean Energy Portfolio
POWER & RENEWABLE ENERGY

Avaada to Invest Rs 1 Tn as it Scales Clean Energy Portfolio

Avaada Group has unveiled an aggressive five-year investment plan as it looks to deepen its presence across the clean energy value chain and capture rising demand from emerging sectors. The integrated clean energy company said it will invest Rs 1 trillion over the next five years and expand its workforce by 10,000 people within the next three years, marking one of its largest growth commitments to date.

Vineet Mittal, chairman of the group, said the strategy aims to strengthen the company’s self-reliant ecosystem while scaling vertically integrated capabilities. “We want to become the world’s most vertically integrated clean energy company where what we consume and what we produce can be used in the ecosystem and supply chain, and our supply chain resilience becomes more Atmanirbhar,” he said.

A key element of Avaada’s expansion is its advanced manufacturing ecosystem, including its Nagpur facility, which houses the complete value chain — from converting polysilicon to producing finished solar modules. This integration is expected to support the company’s ambitions across solar, green hydrogen, green ammonia and other new-age clean energy segments.

The group’s investment roadmap aligns with India’s accelerating push toward renewable energy and domestic manufacturing scale. With global supply chains undergoing rapid transformation and industries shifting to low-carbon operations, Avaada aims to position itself as a comprehensive solutions provider capable of meeting both domestic and international demand.

Industry observers note that large-scale investments of this nature could help bolster India’s renewable manufacturing competitiveness, reduce import dependence and create thousands of green jobs. Avaada’s planned workforce expansion reflects its expectation of sustained growth across manufacturing, project development and emerging clean energy technologies.

The company’s five-year vision highlights a significant step toward building a resilient, integrated clean energy ecosystem anchored in domestic capability and long-term sustainability.

News source: The Hindu Businessline

Avaada Group has unveiled an aggressive five-year investment plan as it looks to deepen its presence across the clean energy value chain and capture rising demand from emerging sectors. The integrated clean energy company said it will invest Rs 1 trillion over the next five years and expand its workforce by 10,000 people within the next three years, marking one of its largest growth commitments to date.Vineet Mittal, chairman of the group, said the strategy aims to strengthen the company’s self-reliant ecosystem while scaling vertically integrated capabilities. “We want to become the world’s most vertically integrated clean energy company where what we consume and what we produce can be used in the ecosystem and supply chain, and our supply chain resilience becomes more Atmanirbhar,” he said.A key element of Avaada’s expansion is its advanced manufacturing ecosystem, including its Nagpur facility, which houses the complete value chain — from converting polysilicon to producing finished solar modules. This integration is expected to support the company’s ambitions across solar, green hydrogen, green ammonia and other new-age clean energy segments.The group’s investment roadmap aligns with India’s accelerating push toward renewable energy and domestic manufacturing scale. With global supply chains undergoing rapid transformation and industries shifting to low-carbon operations, Avaada aims to position itself as a comprehensive solutions provider capable of meeting both domestic and international demand.Industry observers note that large-scale investments of this nature could help bolster India’s renewable manufacturing competitiveness, reduce import dependence and create thousands of green jobs. Avaada’s planned workforce expansion reflects its expectation of sustained growth across manufacturing, project development and emerging clean energy technologies.The company’s five-year vision highlights a significant step toward building a resilient, integrated clean energy ecosystem anchored in domestic capability and long-term sustainability.News source: The Hindu Businessline

Next Story
Infrastructure Urban

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Next Story
Infrastructure Transport

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Next Story
Infrastructure Urban

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

-->