Solar Energy Plant
Accelerating its investment plans in the clean energy sector, the Hinduja Group is all set to enter into the solar energy sector and is contemplating to invest a staggering sum worth Rs. 6,000cr to gain a generation capacity worth 1,000MW in a phased manner. In this connection the group's strategy is to execute only short-gestation green field business avenues in the country with greater focus on acquisitions to achieve targeted growth, co-chairman Group of Companies, Gopichand P Hinduja, said, reiterating that to become a major solar power producer in India is an integral part of the group's strategy and the company will hold 51% or more of the equity of a proposed solar power joint ventures. As a matter of fact, the group has shortlisted couple of companies and is in the process of selecting one for the proposed joint venture. Elaborating further he said adding that the group has identified land parcels in states like Gujarat, Rajasthan and Andhra Pradesh to set up its generation units.