Serentica plans to invest a maximum of Rs 30,000 crore by the fiscal year 2027.
In Short : Serentica aims to inject investments totaling Rs 30,000 crore into various ventures by the fiscal year 2027, marking a significant commitment to growth and expansion
In Detail : Serentica Renewables, part of Vedanta Group, is looking to invest up to `30,000 crore by FY27 in its projects, including the existing ones.
“Looking ahead, our capital expenditure plans for renewable energy remain strong. Including ongoing projects, we expect to invest around Rs 25,000-30,000 crore over the next three financial years,” said Pratik Agarwal, chairman, Serentica Renewables.
With a goal of achieving 17 GW by 2030, the company aims to install 10 GW of renewable energy capacity by 2027, with a primary focus on the commercial and industrial (C&I) sector, Agarwal said .
To achieve this goal, it is developing customised solutions to meet the diverse energy needs of C&I customers. This includes offering tailored contracts and participating in government tenders for round the clock (RTC) and firm and dispatchable renewable energy (FDRE) projects, he said.
