Avaada Group has unveiled plans to invest Rs 20,000 crore in Gopalpur's renewable energy sector in Odisha, marking a significant step towards advancing sustainable energy solutions in the region. The company is also poised to sign an MoU with the State government for a prospective project in Paradip, emphasizing the economic and environmental benefits of the investment. The Chief of Avaada Group, Mr. Vineet Mittal, highlighted the importance of harnessing energies from natural sources like the Sun Temple in Konark to produce green energy round-the-clock. The project in Odisha will primarily focus on green hydrogen and ammonia production, aiming to generate 1,600 direct jobs and 4,000 indirect employment opportunities. Leveraging renewable energy sources such as solar and wind, the initiative plans to create one of the largest green hydrogen facilities in India through electrolysis. Additionally, a state-of-the-art ammonia storage facility at Gopalpur Port will enable the export of green hydrogen, contributing to global net-zero goals. Avaada Group's commitment to sustainable energy initiatives in Odisha forms a part of their broader strategy, with past investments including a green hydrogen project in Gopalpur of Ganjam. The company's vision aligns with the state's drive towards clean energy and economic development, further solidifying their position as a key player in the renewable energy sector.