Avaada Group has announced plans to invest Rs 50,000 crore in renewable energy projects in Madhya Pradesh over the next five years. This investment underscores the company’s dedication to expanding its operations in the state.
The group has been actively involved in the state’s green energy sector since 2010. It played a key role in establishing Madhya Pradesh’s first large-scale solar power plant, with a capacity of 151 megawatts. Over the years, Avaada has expanded its presence with several renewable energy projects, including solar, wind, and pumped storage battery systems.
Vineet Mittal, Chairman of Avaada Group, revealed that the company is exploring an investment of ₹50,000 crore in Madhya Pradesh, with most of the funding expected to materialize within the next three to four years. The group’s regional efforts are supported by international investors such as Thailand’s PTT Group and Brookfield. Avaada has secured significant funding for its ongoing projects, many of which are part of national tenders organized by the Solar Energy Corporation of India (SECI).
During the Madhya Pradesh Global Investor Summit 2025, Mittal highlighted the company’s commitment to the state’s long-term growth. He emphasized that these renewable energy projects will play a crucial role in driving Madhya Pradesh’s development.
Avaada Group is a leading Indian conglomerate that focuses on sustainable energy solutions, with a strong emphasis on renewable energy generation, storage, and distribution. The company has made significant strides in the solar power sector and is committed to supporting India’s transition to a more sustainable energy future.
The group has developed and operates several large-scale solar projects across India, contributing to the country’s growing renewable energy capacity. Avaada also has a diverse portfolio that includes energy storage, green hydrogen, and electric mobility initiatives. With its focus on innovation and environmental responsibility, Avaada is a key player in India’s renewable energy industry.
