Avaada Group will establish a green hydrogen and ammonia production unit at Tata Steel Special Economic Zone Ltd’s Gopalpur Industrial Park in the Indian state of Odisha. For this venture, it has signed a Memorandum of Understanding (MoU) with Tata Steel Special Economic Zone Ltd.
“The MoU is a crucial milestone in our journey towards the fruition of our green ammonia venture,” said Vineet Mittal, chairman of Avaada Group.
“In light of the unparalleled support and robust initiatives from the Government of Odisha, I am actively encouraging all division heads within our group to amplify investments across various sectors in the state.”
Avaada’s green ammonia project in Odisha is estimated to generate 1,600 direct and 4,000 indirect employment opportunities. Moreover, it will help curtail annual carbon dioxide emissions by nearly two million tonnes.
Avaada Group is an integrated energy conglomerate with a diverse portfolio that spans from solar ingot manufacturing to green ammonia production. The group has set ambitious targets to achieve 11 GW of operational projects by 2026 and 30 GW by 2030.
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