Datta Power Infra on Wednesday signed a Memorandum of Understanding (MOU) for a Rs 5000 crore investment in Rajasthan’s renewable energy infrastructure, at the Rising Rajasthan 2024 event.
Varchasvi Gagal, CEO & Managing Director, said, “At Datta Infra, we are not just investing in renewable energy; we are investing in a sustainable future for Rajasthan and India. Our Rs 5000 crore MoU under Rising Rajasthan 2024 reflects our dedication to driving clean energy innovation.”
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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 Rs 5000 crore that Datta Infra intends to set up 1000MW connected to State Transmission Utility [STU] including under KUSUM Scheme. The project is expected to contribute to creating 500 to 750 jobs in the region.
Rajeev Kumar Bansal, CFO, Datta Power Infra Private Limited, added, “This strategic investment aligns with our long-term growth plans to increase our renewable energy portfolio by 30 per cent over the next five years. 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 per cent by the end of FY25.”
Datta Infra provides comprehensive services across the renewable energy project lifecycle, including project planning, land acquisition, engineering, procurement, construction, transmission, substation and O&M.
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