Amaravati: The Hinduja Group has announced plans to invest ₹20,000 crore in Andhra Pradesh across the energy and electric vehicle (EV) sectors in a phased manner, following discussions with Chief Minister N Chandrababu Naidu in London, the state government said in a release on Monday.
Naidu met Ashok Hinduja, Chairman of Hinduja Group India; Prakash Hinduja, Chairman of Hinduja Group Europe; and Shom Hinduja, Founder of Hinduja Renewables, to explore new investment opportunities in renewable energy and sustainable transport.
“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,” the government statement said.
As part of the agreement, the group will enhance the capacity of its Visakhapatnam power plant by 1,600 MW and develop solar and wind energy projects in the Rayalaseema region.
The company will also set up an electric bus and light commercial vehicle manufacturing facility at Mallavalli in Krishna district, aimed at strengthening the state’s EV ecosystem. Additionally, the group will collaborate with the state government to establish a statewide network of electric charging stations to promote green mobility.
Naidu said the partnership with the Hinduja Group highlights Andhra Pradesh’s growing role as a centre for renewable energy and sustainable industrial growth.
BI Bureau
