Grew Energy to Set Up Solar Component Unit in Gujarat’s Dholera for Rs 3,800 Cr

16 Jan,2024 | Avirahi Group

The Dholera Smart City initiative, which was introduced, has garnered great attention and is acknowledged as the most significant effort of our Prime Minister, Narendra Modi. The roads, WiFi, power, drainage system, water system, and central control system will all be built using contemporary technology. The smart city will also include amazing, state-of-the-art features that will amaze you. You may be sure that the people will have a unique experience. The project has been divided into multiple phases, with completion dates assigned to each and Dholera plot booking has already started. The aspirations of billions of Indians will soon come true with the creation of the country’s first smart city.

Now, there is another good news coming for the investors in Dholera which is definitely going to hike the prices of the plots in India’s first smart city and we will discuss the news in detail in this article.

Synopsis

According to Grew, the Rs 3,800 crore investment is the largest in the company’s history. It will be financed by a combination of external money and internal accruals. The corporation claims that the investment will contribute to the creation of jobs for around 1,600 people in and around Dholera.

News in detail

In the presence of Chief Minister Bhupendra Patel, Grew Energy signed a Rs 3,800 crore Memorandum of Understanding during the ongoing Vibrant Gujarat Global Summit. By 2025, the company plans to establish a 2.8 GW solar component manufacturing facility at Dholera, according to a press statement. The government of Gujarat will expedite the unit’s creation procedure and assist the required clearances through this Memorandum of Understanding.

According to Grew, this investment will contribute to the creation of jobs for more than 1,600 people in and around Dholera, the announcement stated. According to Grew, the Rs 3,800 crore investment is the largest in the company’s history. It will be financed by a combination of external money and internal accruals.

Vinay Thadani, Director and CEO of Grew Energy Private, said “We plan to commence the establishment process of our Dholera unit, in 2025 and envision this to be a cornerstone for the company’s growth and future expansion plans. It will give a tremendous boost to our vision of emerging as one of the leading players in the renewable energy ecosystem in the country”

About Grew Energy

Grew was founded in 2022 with the goal of using cutting-edge solar technology to become the next big thing in renewable energy. The Chiripal Group’s renewable division is called Grew Energy Pvt Ltd. In Dudu, close to Jaipur, Rajasthan, the company has begun to manufacture 1.2 GW of modules, and it plans to add another 1.6 GW there as well. Additionally, it has revealed the construction of a new 3.2 GW production facility in Dholera, Gujarat, bringing the total manufacturing capacity to 6 GW by March 2025.

About Avirahi City

One of the most intriguing projects in Dholera SIR, Avirahi City has more than 1500 satisfied customers who have reserved apartments. Avirahi City, which has more than 1900 homes and villas, has superb infrastructure with homes starting at just 5 lakhs, which is incredibly reasonable and one of the main reasons why so many people are booking their dream homes in Dholera sir residential plots

You wouldn’t want to miss out on Avirahi City’s projects at Dholera SIR with their excellent world-class amenities like Exclusive common infrastructure, restaurants, marriage halls, and club houses as well as a gaming galore equipped with facilities like Badminton and Table Tennis courts, swimming pool, and many more.

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