Ashoka Buildcon's Ambitious Green Hydrogen Project in Bihar
Key Ideas
- Ashoka Buildcon to invest Rs 9,000 crore in setting up a green hydrogen plant in Bihar.
- The plant will be powered by a 1,250 MW solar project, showcasing a commitment to renewable energy.
- First phase of the project planned in Begusarai, with an estimated completion time of 1.5-2 years.
- Company's diversified portfolio includes highway construction, power distribution, and solar projects.
Ashoka Buildcon has announced a significant investment of Rs 9,000 crore in Bihar to establish a green hydrogen plant. The company has penned an agreement with the state government, emphasizing its commitment to green energy. The plant will utilize a 1,250 MW solar project to power its operations, highlighting a strong focus on renewable energy sources. The initial phase of the project will be situated in Begusarai, with a projected timeline of 1.5-2 years for completion. Ashoka Buildcon's COO-Renewable Energy, Mayank Sharma, highlighted the environmental benefits of green hydrogen as a clean energy source. The company's diverse portfolio, ranging from highway construction to solar projects, demonstrates a strategic approach towards sustainable development and innovation in the energy sector.