Avaada Group to Invest ₹36,000 Crore in Gujarat for Renewable Energy Projects

Avaada Group has signed a Memorandum of Understanding (MoU) with the Government of Gujarat to invest ₹36,000 crore in renewable energy projects. Reports suggest that the agreement was finalised at the Vibrant Gujarat Global Summit 2025.

Project Capacities and Locations

Under the MoU, the company plans to set up 5 GW of solar power, 1 GW of wind power, and 5 GWh of battery energy storage system (BESS) capacity. The projects will be located in Kutch, Banaskantha, and Surendranagar districts.

The projects are expected to be commissioned between 2027 and 2030. Work will be carried out in phases across different locations.

Individual Projects

A 280 MW solar project in Surendranagar will cover 1,170 acres with an investment of ₹1,500 crore. Another project, a 100 MW solar plant in Vadodara, will be set up with an investment of ₹400 crore under the Gujarat State Solar Policy.

The projects are expected to generate more than 1,000 direct jobs and around 2,000 indirect jobs. During construction, employment for about 5,000 people is anticipated.

Read More: Subex Secures $6.62 Million Contract from Netherlands Operator for MVNO Billing!

Conclusion

Avaada’s investment in solar, wind, and BESS projects is expected to expand Gujarat’s renewable energy capacity. The projects aim to provide green energy and create job opportunities over the next few years.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.