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INOXGFL plans Rs 50,000 crore renewable energy investments in India, with a major solar project in Gujarat, and is expanding globally.
INOXGFL plans to invest Rs 50,000 crore over the next two years in renewable energy projects across India, focusing on Uttar Pradesh, Madhya Pradesh, Karnataka, and Gujarat, with a 1,500 megawatt solar project in Gujarat worth Rs 12,000 crore.
The company, announcing the move at the World Economic Forum in Davos, signed memoranda of understanding with Uttar Pradesh and Karnataka for solar development and raised over Rs 3,000 crore in funding at a Rs 50,000 crore valuation.
It aims to refile its IPO application and is expanding into the US and African markets, reflecting growing global confidence in India’s energy transition.
INOXGFL planea inversiones de energía renovable de Rs 50,000 crores en la India, con un gran proyecto solar en Gujarat, y se está expandiendo a nivel mundial.