Avaada Group vows to pump in ₹1 lakh crore in Rajasthan

Jaipur: Avaada Group on Monday announced investments of over ₹1 lakh crore in Rajasthan's renewable energy sector by 2030 with projects planned in pumped storage, green hydrogen and ammonia, wind and solar power segments.

The key projects of the company in the state include 1,200 MW pumped storage project with an investment of ₹5,800 crore, green hydrogen and ammonia ventures, wind and solar projects spanning Jhalawar, Kota, Barmer, and Bikaner.

Speaking at the Rising Rajasthan Summit 2024, Avaada Group chairman Vineet Mittal suggested to strengthen state transmission systems, fast-track land allotment, and develop green manufacturing zones to support large-scale industrial projects.


The Avaada Group journey in Rajasthan began with its first 150 MW solar project and scaled up to 10 GW energy project.

The company also has its landmark 1,250 MW solar project in Bikaner which was commissioned in 2022.