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The statement was signed successful the beingness of Maharashtra Chief Minister Devendra Fadnavis, Industries Minister Uday Samant, and Essar manager Prashant Ruia. (Source: X/ Essar)
The Maharashtra authorities signed a memorandum of knowing (MoU) worthy Rs 8,000 crore with Essar Renewables Limited (ERL) astatine the World Economic Forum (WEF) 2025 successful Davos, Switzerland, connected Tuesday.
The statement was signed successful the beingness of Maharashtra Chief Minister Devendra Fadnavis, Industries Minister Uday Samant, and Essar manager Prashant Ruia. Samant said, “These partnerships people a large milestone successful accelerating Maharashtra’s concern growth. This concern is expected to make nonstop employment for implicit 2,000 people, contributing to the state’s modulation to greenish vigor and economical growth,” Samant said.
Under the presumption of the agreement, Essar Renewables volition put successful a premix of round-the-clock renewable vigor projects, chiefly aimed astatine supporting the electrical conveyance (EV) motortruck charging ecosystem of Blue Energy Motors and Greenline. The projected projects are slated to commence successful the fiscal twelvemonth 2026-27.
The MoU paves the mode for Essar Renewables’s projected concern successful the state, with plans to make 2 GW of renewable vigor capableness for its greenish mobility initiative. Essar Renewables CEO Ankur Kumar said, “We are excited to embark connected this transformative travel with the authorities of Maharashtra. This collaboration represents a important milestone successful our renewable vigor projects and besides establishes america arsenic a formidable subordinate successful the sector.”
Essar manager Prashant Ruia said, “As we navigate the planetary vigor transition, this concern with the authorities of Maharashtra is simply a captious measurement successful reshaping the aboriginal of sustainable vigor for greenish mobility. With our concern successful renewable vigor and greenish mobility solutions, we are driving the state’s maturation portion positioning India arsenic a planetary person successful the greenish economy.” The concern aligns with Essar Renewables’s ambitious extremity of surpassing 8 GW of renewable vigor capableness implicit the adjacent 5 years
On the archetypal time of the World Economic Forum successful Davos, the Maharashtra authorities signed MoUs worthy Rs 6.25 lakh crore.
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