Avaada Group
| File:Avaada.png | |
| Private | |
| ISIN | 🆔 |
| Industry | Conglomerate |
| Founded 📆 | 2009 |
| Founder 👔 | Vineet Mittal |
| Headquarters 🏙️ | , , India |
Area served 🗺️ | |
Key people | Vineet Mittal (Chairman) Sindoor Mittal (Vice chairperson) |
| Services |
|
| Members | |
Number of employees | |
| Subsidiaries | Avaada Energy Avaada Ventures Avaada Power Avaada Green Hydrogen Avaada Floating Solar |
| 🌐 Website | Official website |
| 📇 Address | |
| 📞 telephone | |
Avaada Group is an Indian conglomerate with business interests in Solar module manufacturing, Renewable Power generation, Electrolyser manufacturing and Green ammonia production.[1]
The group supplies green energy to government agencies like NTPC Limited, Solar Energy Corporation of India and Discoms. The flagship company, Avaada Energy, was founded in 2009 and is headquartered in Mumbai, India. It is backed by Thailand's PTT Group.[1][2]
History
Avaada Group was founded in 2009 by Vineet Mittal, who previously served as the founder and MD of Welspun.[3]
In 2019, the company set up 2 GW open access solar power plants in 5 states, including Maharashtra, Tamil Nadu, Haryana, Karnataka, and Odisha.[4] In March 2019, the Asian Development Bank invested US$50 million in Avaada Energy.[5]
In April 2020, Avaada Energy won a 2,000 Megawatt solar power project from NHPC Limited.[6]
In August 2022, Avaada Group signed a deal with the Government of Rajasthan to invest ₹40,000 crores ($5 billion) in a green ammonia project in Kota.[7]
Companies
Avaada Energy
Avaada Energy, started in 2017, develops solar energy projects in India, including rooftop, utility-scale, and off-grid solar projects.[5]
Avaada Ventures
Avaada Ventures promotes green ammonia, green hydrogen, and electrolyzers.[3]
Avaada Power
Avaada Power provides renewable energy services and manages wind and solar projects in India. The solar manufacturing business has an annual production capacity of 5 GW for cells and modules.[2]
Avaada Green Hydrogen
Avaada Green Hydrogen deals in green ammonia, green methanol, and Sustainable aviation fuel.[3]
CSR
Avaada Foundation focuses on education and healthcare, providing free medical aid and relief to farmers affected by the lumpy skin disease in cattle in Rajasthan.[8]
References
- ↑ 1.0 1.1 "Thai PTT power unit invests $453 mln in India's Avaada Energy". Reuters. July 14, 2021.
- ↑ 2.0 2.1 "Avaada Group signs MoU for Rs 40,000 crore Green Ammonia plant with Rajasthan government". The Economic Times. August 25, 2022.
- ↑ 3.0 3.1 3.2 Prasad, Rachita; Mathur, Shubhangi (September 29, 2022). "Avaada Group will be an integrated green molecule business: Founder Chairman Vineet Mittal". Moneycontrol.com.
- ↑ "Avaada Energy to set-up 2 GW open access solar power plants in 5 states". The Economic Times. July 24, 2019.
- ↑ 5.0 5.1 "ADB to invest $50 million in solar power project developer Avaada". The Economic Times. March 19, 2019.
- ↑ "Avaada Energy bags 2,000 Mw solar power project by NHPC". The Economic Times. April 20, 2020.
- ↑ "Avaada Group inks pact to invest $5 bn in green ammonia project". Livemint. August 24, 2022.
- ↑ "अवादा फाउंडेशन ने बीकानेर जिले के गांवों में लम्पी से प्रभावित छह हजार से अधिक गायों को बचाया" (in Hindi). United News of India. September 6, 2022.CS1 maint: Unrecognized language (link)
External links
This article "Avaada Group" is from Wikipedia. The list of its authors can be seen in its historical and/or the page Edithistory:Avaada Group. Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.
