Hinduja Group Commits ₹20,000 Cr to Andhra’s Energy & EV Push

The move of diversified conglomerate Hinduja Group to enter into an agreement with the government of Andhra Pradesh to invest Rs 20,000 crore in multiple stages has provided a significant boost in the industrial development momentum for the state as this is a key move towards the energy and electric mobility sectors of the state.

The agreement was agreed upon after Chief Minister N Chandrababu Naidu had a meeting with Ashok Hinduja, the Chairman of Hinduja Group India; Prakash Hinduja, the Chairman of Hinduja Group Europe; and Shom Hinduja, Founder of Hinduja Renewables, in London. The meetings were held on the discussions of extending the group to generate energy and sustainable transport infrastructure in Andhra Pradesh.

Under the investment strategy, Hinduja Group will consider increasing the capacity of its Visakhapatnam power station by 1,600 MW and building solar and wind energy facilities in the Rayalaseema area, which will boost the renewable energy base in the state.

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The group will also establish an electric bus and light commercial vehicle manufacturing facility at Mallavalli in Krishna district, in a significant step towards the electric vehicle ecosystem.

It will also work with the state government to develop a statewide network of EV charging stations to continue with the state goal of becoming a green transport hub, as well as the ambition of Andhra Pradesh.

“An agreement of Rs 20,000 crore investment in phases was signed between the Andhra Pradesh government and the Hinduja Group to expand its investments in the state in a phased manner,” said a government release.

Chief Minister N Chandrababu Naidu highlighted the fact that the deal with Hinduja Group will be a show of how Andhra Pradesh is increasingly becoming a center of renewable energy and sustainable industrial allocations, which will be the signal of mass industrialization in the state.