INOXGFL Commits ₹17,000 Crore To Renewable Energy Across Three States

INOXGFL Group has taken a major step in advancing India’s renewable energy sector by signing three memorandums of understanding (MoUs) with the governments of Uttar Pradesh, Assam, and Kerala. The agreements, valued at ₹17,000 crore, were formalized on the sidelines of the World Economic Forum summit in Davos on January 24, 2026.  

The investments will focus on establishing solar power projects, manufacturing plants for solar cells and modules, and advanced testing laboratories. With Uttar Pradesh receiving the largest share of ₹10,500 crore, and Assam and Kerala collectively accounting for ₹6,500 crore, the initiative underscores INOXGFL’s commitment to domestic manufacturing and sustainable energy solutions.  

Key Highlights  

• MoUs signed with Uttar Pradesh, Assam, and Kerala worth ₹17,000 crore  
• Largest investment of ₹10,500 crore allocated to Uttar Pradesh  
• Projects include solar power plants, module manufacturing units, and testing labs  
• Agreements announced during the World Economic Forum summit in Davos  
• Focus on boosting India’s renewable energy capacity and reducing reliance on imports  

Future Outlook  
The initiative positions INOXGFL as a key player in India’s clean energy transition. By strengthening domestic manufacturing and infrastructure, the company aims to support India’s renewable energy targets while creating jobs and fostering sustainable development.  

Sources: The Economic Times, Outlook Business, The Week