ZR Power signs MoU with Maharashtra Govt

19 Jan 2022 CW Team

ZR Power Holdings signed an MoU with the Maharashtra government for building sustainable energy manufacturing plants and data centers which will have remarkable facilities in cities like Pune and Navi Mumbai having a growth potential of Rs 1,200 crore.

ZR Power Holdings Limited is a major energy producer from the city of Hyderabad. The MoU has been signed in the presence of the Government of Maharashtra in the presence of the Minister of Industries, Govt of Maharashtra, Subhash Desai; CEO, Maharashtra Industrial Development Corp (MIDC), Dr. P. Anbalagan, CEO; and additional chief secretary industries, Baldev Singh.

The agreement had been signed in Dubai, the statement said. The proposal mentions two ZR data centers in Navi Mumbai (Rs 800 crore) and Pune markets (Rs 400 crore), having a total of Rs 1,200 crore development potential. These will generate direct employment for approximately 300 employees.

Founder of ZR Power Holdings Limited, Zain Ravdjee said they are honored to sign the agreement. The agreement embarks on a long-term relationship between the ZR power holdings and the Maharashtra government.

As Maharashtra is an economic engine of the country, the state is focusing on making investments for improving the technical infrastructure of the state. The leadership position of ZR Power Holdings is solidified by this particular pact. ZR holdings headquartered in Telangana is a sustainable energy producer.

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