Datta Infra Signs MoU for INR 5000 Cr Investment in Rajasthan's RE Infrastructure
Datta Infra is committed to developing Rajasthan as a major hub for renewable energy, encompassing solar, wind, and hybrid power projects, across Bikaner, Jaisalmer, Barmer, Nagaur, Pratapgarh and Jodhpur districts.
November 20, 2024. By News Bureau
Dedicated to the cause of advancing sustainable infrastructure development in the state, Datta Infra is headed by Varchasvi Gagal, a young and dynamic CEO & Managing Director, who is native to Rajasthan and has pioneered new frontiers across the country.
On today’s landmark milestone, Gagal stated, "At Datta Infra, we are not just investing in renewable energy; we are investing in a sustainable future for Rajasthan and India. Our INR 5000 crore MoU under Rising Rajasthan 2024 reflects our dedication to driving clean energy innovation and creating opportunities that empower communities while preserving the environment."
Datta Infra is committed to developing Rajasthan as a major hub for renewable energy, encompassing solar, wind, and hybrid power projects, across Bikaner, Jaisalmer, Barmer, Nagaur, Pratapgarh and Jodhpur districts. These represent an investment of INR 5000 crore that Datta Infra intends to set up 1000 MW connected to State Transmission Utility [STU] including under KUSUM Scheme, and are expected to contribute to creating 500 to 750 jobs in the region.
Rajeev Kumar Bansal, CFO, Datta Power Infra Private Limited added, "As Datta Power Infra Private Limited embarks on a transformative journey with our investment of INR 5000 crore in Rajasthan's wind, solar, and wind-solar hybrid projects, we are positioning ourselves to drive sustainable growth while contributing significantly to India’s renewable energy capacity. This strategic investment aligns with our long-term growth plans to increase our renewable energy portfolio by 30% over the next five years. By executing this MOU at the Rajasthan Rising Summit, we are not only reinforcing our commitment to sustainable energy but also opening doors for new business opportunities and local job creation. In the short term, we anticipate a strong positive impact on both the regional economy and our bottom line, with expected revenue growth of 15-20% by the end of FY 2025. This project is a pivotal step in realising Datta Power’s vision of becoming a leader in renewable energy and contributing to the nation's energy transition."
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