INOXGFL signs MoUs with three states to invest Rs 17,000 cr in renewable energy & more related news here

INOXGFL Group has signed three MoUs worth Rs 17,000 crore with the governments of Uttar Pradesh, Assam and Kerala to invest in renewable energy space, a company official said.The memoranda of understanding (MoU) were signed on the sidelines of the World Economic Forum (WEF) summit in Davos, Switzerland, on Friday.As per the MoUs, INOXGFL Group will set up solar energy projects, cell and module manufacturing plants as well as solar module testing laboratories in the states.

With the Uttar Pradesh government, the group signed an initial agreement worth Rs 10.5 billion, and MoUs worth Rs 6.5 billion were signed with Assam and Kerala collectively, said the company official who wished not to be quoted.Commenting on a PTI query, Devansh Jain, CEO, INOXGFL Group, said, “India is emerging as a global leader in the renewable energy spectrum and we will continue to contribute to lead this journey. These investments reflect our strong conviction in India’s long-term growth story, our commitment to strengthening domestic manufacturing and our belief that scale, sustainability and self-reliance must progress together as India builds a resilient and future-ready energy ecosystem.“Noida-based INOXGFL Group’s operations span diversified business segments including battery materials, wind and solar manufacturing, renewable energy generation, fluoropolymers and fluorochemicals, among others.