REnergy Dynamics Eyes Rs 5,000 Crore Order Book by 2029

28 May 2024 CW Team

REnergy Dynamics (RED) has announced its strategic entry into the renewable energy sector, with ambitious plans to secure orders totaling Rs 50 billion by 2029. The company revealed its current portfolio, boasting projects worth Rs 575 crore in various stages of execution, underscoring its commitment to sustainable energy solutions.

In a statement released on Monday, RED articulated its vision, stating, "REnergy Dynamics is targeting to close orders worth Rs 50 billion by 2029." The company outlined its core focus areas, which include large-scale bioenergy projects, engineering, procurement, and construction (EPC) services for renewable energy developers, feedstock aggregation, and supply to compressed BioGas (CBG) projects, along with manufacturing and supplying components for biogas plants.

This move underscores RED's strategic pivot towards renewable energy, aligning with global trends towards sustainable and environmentally friendly solutions. With a diverse portfolio spanning key segments of the renewable energy market, RED aims to establish itself as a significant player in the sector, contributing to India's transition towards a greener future.

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