NEW DELHI, September 7, 2023 /PRNewswire/ -- AVAADA Group ( www.avaada.com), a leader in India's integrated energy sector, is pleased to announce its initiative to establish a green hydrogen and ammonia manufacturing unit state-of-the-art in Gopalpur Industrial Park, Odisha. This important move comes following a Memorandum of Understanding (MoU) signed with Tata Steel Special Economic Zone Limited (TSSEZL).
Accelerate the green energy revolution
The collaboration is aimed at accelerating the shift towards green energy and bolstering India's ambition to emerge as a global green hydrogen manufacturing hub. “The MoU is a crucial milestone in our journey towards realizing our Green Ammonia business,” commented Vineet Mittal, Chairman, AVAADA Group.
Unwavering support of Odisha government
"In light of the unmatched support and strong initiatives of the Odisha government, I am actively encouraging all divisional heads within our group to expand investments in various sectors of the state. Government officials in Odisha are not just regulators but facilitators, who offer guidance through every step of the business process. This proactive approach has enabled us to experience 'ease of doing business' in its truest form, perfectly aligning with the vision set out by Hon'ble Prime Minister Modi Ji. The window cleaning system in Odisha is not just a policy on paper but a lived reality, making it an ideal destination for sustainable business growth," Mittal added.
Socioeconomic and environmental impact
The project is expected to generate around 1,600 direct and 4,000 indirect employment opportunities. In addition, it aims to reduce annual carbon dioxide emissions by almost 2 million tons, thus contributing significantly to a greener and more prosperous future.
About AVAADA Group
Led by social entrepreneur Vineet Mittal, AVAADA Group is an integrated energy conglomerate with a diverse portfolio ranging from solar ingot manufacturing to green ammonia production. The group has set ambitious targets to reach 11 GW of operational projects by 2026 and 30 GW by 2030.
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