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  • Oriana Power Secures 900 MW/1,800 MWh BESS Awards from MSEDCL

    Oriana Power Secures 900 MW/1,800 MWh BESS Awards from MSEDCL

    Oriana Power Limited has received two Letters of Award (LOAs) from Maharashtra State Electricity Distribution Co. Ltd. (MSEDCL) for setting up an aggregate 900 MW/1,800 MWh Battery Energy Storage System (BESS) capacity in Maharashtra.

    The two awards, dated September 18, 2026, comprise 500 MW/1,000 MWh and 400 MW/800 MWh BESS projects. The 500 MW/1,000 MWh project will be developed at MSETCL substations, while the 400 MW/800 MWh project will be established at MSEDCL substations.

    Under the first award, Oriana Power will receive a tariff of Rs. 2,38,000 per MW per month, excluding GST, for the 500 MW/1,000 MWh capacity. The second award, covering 400 MW/800 MWh, carries a tariff of Rs. 2,40,000 per MW per month, excluding GST.

    The company has secured the combined 900 MW/1,800 MWh capacity from the total tendered capacity of 2,000 MW/4,000 MWh floated by MSEDCL.

    The aggregate consideration from the two projects is estimated at approximately Rs. 3,870 crore over the 15-year term of the respective Battery Energy Storage Purchase Agreements (BESPAs), excluding GST. The estimated Viability Gap Funding (VGF) is Rs. 324 crore, based on the current estimated project cost.

    The 500 MW/1,000 MWh award represents an estimated value of Rs. 2,142 crore, or approximately Rs. 142.80 crore annually, while the 400 MW/800 MWh award is valued at approximately Rs. 1,728 crore, or Rs. 115.20 crore annually, over their respective 15-year terms.

    The BESS projects are being awarded under tariff-based global competitive bidding with VGF support under the Power System Development Fund (PSDF) scheme. Each BESS agreement will remain in force for 15 years from the respective Commercial Operation Date.

  • Oriana Power Secures 900 MW/1,800 MWh BESS Awards from MSEDCL

    Oriana Power Secures 900 MW/1,800 MWh BESS Awards from MSEDCL

    Oriana Power Limited has received two Letters of Award (LOAs) from Maharashtra State Electricity Distribution Co. Ltd. (MSEDCL) for setting up an aggregate 900 MW/1,800 MWh Battery Energy Storage System (BESS) capacity in Maharashtra.

    The two awards, dated September 18, 2026, comprise 500 MW/1,000 MWh and 400 MW/800 MWh BESS projects. The 500 MW/1,000 MWh project will be developed at MSETCL substations, while the 400 MW/800 MWh project will be established at MSEDCL substations.

    Under the first award, Oriana Power will receive a tariff of Rs. 2,38,000 per MW per month, excluding GST, for the 500 MW/1,000 MWh capacity. The second award, covering 400 MW/800 MWh, carries a tariff of Rs. 2,40,000 per MW per month, excluding GST.

    The company has secured the combined 900 MW/1,800 MWh capacity from the total tendered capacity of 2,000 MW/4,000 MWh floated by MSEDCL.

    The aggregate consideration from the two projects is estimated at approximately Rs. 3,870 crore over the 15-year term of the respective Battery Energy Storage Purchase Agreements (BESPAs), excluding GST. The estimated Viability Gap Funding (VGF) is Rs. 324 crore, based on the current estimated project cost.

    The 500 MW/1,000 MWh award represents an estimated value of Rs. 2,142 crore, or approximately Rs. 142.80 crore annually, while the 400 MW/800 MWh award is valued at approximately Rs. 1,728 crore, or Rs. 115.20 crore annually, over their respective 15-year terms.

    The BESS projects are being awarded under tariff-based global competitive bidding with VGF support under the Power System Development Fund (PSDF) scheme. Each BESS agreement will remain in force for 15 years from the respective Commercial Operation Date.

  • Oriana Power Secures 900 MW/1,800 MWh BESS Awards from MSEDCL

    Oriana Power Secures 900 MW/1,800 MWh BESS Awards from MSEDCL

    Oriana Power Limited has received two Letters of Award (LOAs) from Maharashtra State Electricity Distribution Co. Ltd. (MSEDCL) for setting up an aggregate 900 MW/1,800 MWh Battery Energy Storage System (BESS) capacity in Maharashtra.

    The two awards, dated September 18, 2026, comprise 500 MW/1,000 MWh and 400 MW/800 MWh BESS projects. The 500 MW/1,000 MWh project will be developed at MSETCL substations, while the 400 MW/800 MWh project will be established at MSEDCL substations.

    Under the first award, Oriana Power will receive a tariff of Rs. 2,38,000 per MW per month, excluding GST, for the 500 MW/1,000 MWh capacity. The second award, covering 400 MW/800 MWh, carries a tariff of Rs. 2,40,000 per MW per month, excluding GST.

    The company has secured the combined 900 MW/1,800 MWh capacity from the total tendered capacity of 2,000 MW/4,000 MWh floated by MSEDCL.

    The aggregate consideration from the two projects is estimated at approximately Rs. 3,870 crore over the 15-year term of the respective Battery Energy Storage Purchase Agreements (BESPAs), excluding GST. The estimated Viability Gap Funding (VGF) is Rs. 324 crore, based on the current estimated project cost.

    The 500 MW/1,000 MWh award represents an estimated value of Rs. 2,142 crore, or approximately Rs. 142.80 crore annually, while the 400 MW/800 MWh award is valued at approximately Rs. 1,728 crore, or Rs. 115.20 crore annually, over their respective 15-year terms.

    The BESS projects are being awarded under tariff-based global competitive bidding with VGF support under the Power System Development Fund (PSDF) scheme. Each BESS agreement will remain in force for 15 years from the respective Commercial Operation Date.

  • Oriana Power Secures 900 MW/1,800 MWh BESS Awards from MSEDCL

    Oriana Power Secures 900 MW/1,800 MWh BESS Awards from MSEDCL

    Oriana Power Limited has received two Letters of Award (LOAs) from Maharashtra State Electricity Distribution Co. Ltd. (MSEDCL) for setting up an aggregate 900 MW/1,800 MWh Battery Energy Storage System (BESS) capacity in Maharashtra.

    The two awards, dated September 18, 2026, comprise 500 MW/1,000 MWh and 400 MW/800 MWh BESS projects. The 500 MW/1,000 MWh project will be developed at MSETCL substations, while the 400 MW/800 MWh project will be established at MSEDCL substations.

    Under the first award, Oriana Power will receive a tariff of Rs. 2,38,000 per MW per month, excluding GST, for the 500 MW/1,000 MWh capacity. The second award, covering 400 MW/800 MWh, carries a tariff of Rs. 2,40,000 per MW per month, excluding GST.

    The company has secured the combined 900 MW/1,800 MWh capacity from the total tendered capacity of 2,000 MW/4,000 MWh floated by MSEDCL.

    The aggregate consideration from the two projects is estimated at approximately Rs. 3,870 crore over the 15-year term of the respective Battery Energy Storage Purchase Agreements (BESPAs), excluding GST. The estimated Viability Gap Funding (VGF) is Rs. 324 crore, based on the current estimated project cost.

    The 500 MW/1,000 MWh award represents an estimated value of Rs. 2,142 crore, or approximately Rs. 142.80 crore annually, while the 400 MW/800 MWh award is valued at approximately Rs. 1,728 crore, or Rs. 115.20 crore annually, over their respective 15-year terms.

    The BESS projects are being awarded under tariff-based global competitive bidding with VGF support under the Power System Development Fund (PSDF) scheme. Each BESS agreement will remain in force for 15 years from the respective Commercial Operation Date.

  • Oriana Power Secures 900 MW/1,800 MWh BESS Awards from MSEDCL

    Oriana Power Secures 900 MW/1,800 MWh BESS Awards from MSEDCL

    Oriana Power Limited has received two Letters of Award (LOAs) from Maharashtra State Electricity Distribution Co. Ltd. (MSEDCL) for setting up an aggregate 900 MW/1,800 MWh Battery Energy Storage System (BESS) capacity in Maharashtra.

    The two awards, dated September 18, 2026, comprise 500 MW/1,000 MWh and 400 MW/800 MWh BESS projects. The 500 MW/1,000 MWh project will be developed at MSETCL substations, while the 400 MW/800 MWh project will be established at MSEDCL substations.

    Under the first award, Oriana Power will receive a tariff of Rs. 2,38,000 per MW per month, excluding GST, for the 500 MW/1,000 MWh capacity. The second award, covering 400 MW/800 MWh, carries a tariff of Rs. 2,40,000 per MW per month, excluding GST.

    The company has secured the combined 900 MW/1,800 MWh capacity from the total tendered capacity of 2,000 MW/4,000 MWh floated by MSEDCL.

    The aggregate consideration from the two projects is estimated at approximately Rs. 3,870 crore over the 15-year term of the respective Battery Energy Storage Purchase Agreements (BESPAs), excluding GST. The estimated Viability Gap Funding (VGF) is Rs. 324 crore, based on the current estimated project cost.

    The 500 MW/1,000 MWh award represents an estimated value of Rs. 2,142 crore, or approximately Rs. 142.80 crore annually, while the 400 MW/800 MWh award is valued at approximately Rs. 1,728 crore, or Rs. 115.20 crore annually, over their respective 15-year terms.

    The BESS projects are being awarded under tariff-based global competitive bidding with VGF support under the Power System Development Fund (PSDF) scheme. Each BESS agreement will remain in force for 15 years from the respective Commercial Operation Date.

  • Oriana Power Secures 900 MW/1,800 MWh BESS Awards from MSEDCL

    Oriana Power Limited has received two Letters of Award (LOAs) from Maharashtra State Electricity Distribution Co. Ltd. (MSEDCL) for setting up an aggregate 900 MW/1,800 MWh Battery Energy Storage System (BESS) capacity in Maharashtra.

    The two awards, dated September 18, 2026, comprise 500 MW/1,000 MWh and 400 MW/800 MWh BESS projects. The 500 MW/1,000 MWh project will be developed at MSETCL substations, while the 400 MW/800 MWh project will be established at MSEDCL substations.

    Under the first award, Oriana Power will receive a tariff of Rs. 2,38,000 per MW per month, excluding GST, for the 500 MW/1,000 MWh capacity. The second award, covering 400 MW/800 MWh, carries a tariff of Rs. 2,40,000 per MW per month, excluding GST.

    The company has secured the combined 900 MW/1,800 MWh capacity from the total tendered capacity of 2,000 MW/4,000 MWh floated by MSEDCL.

    The aggregate consideration from the two projects is estimated at approximately Rs. 3,870 crore over the 15-year term of the respective Battery Energy Storage Purchase Agreements (BESPAs), excluding GST. The estimated Viability Gap Funding (VGF) is Rs. 324 crore, based on the current estimated project cost.

    The 500 MW/1,000 MWh award represents an estimated value of Rs. 2,142 crore, or approximately Rs. 142.80 crore annually, while the 400 MW/800 MWh award is valued at approximately Rs. 1,728 crore, or Rs. 115.20 crore annually, over their respective 15-year terms.

    The BESS projects are being awarded under tariff-based global competitive bidding with VGF support under the Power System Development Fund (PSDF) scheme. Each BESS agreement will remain in force for 15 years from the respective Commercial Operation Date.

  • CM Shri Fadnavis Praises Avaada Superfactory at Nagpur as Among Asia’s Best, Urges Investment in the Region

    CM Shri Fadnavis Praises Avaada Superfactory at Nagpur as Among Asia’s Best, Urges Investment in the Region

    Hon’ble Chief Minister of Maharashtra Shri Devendra Fadnavis praised Avaada Superfactory at Nagpur as among Asia’s best during a visit to the facility and urged entrepreneurs to invest in Nagpur and Chhatrapati Sambhajinagar. In a fireside conversation with Mr Vineet Mittal, Chairman, Avaada Group, that was attended by more than 60 entrepreneurs, he credited Avaada’s investment which has helped generate further interest in solar module manufacturing in Nagpur.

    Recalling his participation in its groundbreaking ceremony, Shri Fadnavis said he had not imagined the scale and quality of the factory that would take shape. He described the Superfactory as “absolutely amazing” and praised it as one of India’s best. He congratulated Vineet Mittal and the Avaada team on establishing the Superfactory.

    The Chief Minister said that seeing commitments made through MoU translate into functioning factories, and seeing Maharashtra and India become part of global supply chains, gave him the energy to continue his work in public life.

    “Thanks to Vineet ji and the investment he has made, there is now considerable interest in solar modules in Nagpur. If all the other investors complete their investments on time, Nagpur will have the country’s largest solar module ecosystem,” Shri Fadnavis said.

    “The next big thing is Chhatrapati Sambhajinagar and Nagpur. If you are not investing here, you are missing something,” Shri Fadnavis said.

    To mark the visit, Vineet Mittal presented the Chief Minister with a commemorative memento incorporating the first solar cell manufactured at Avaada Superfactory in Nagpur. The memento symbolised the facility’s progress from an investment commitment to solar cell production in Maharashtra.

    Outlining investment opportunities in the region, Shri Fadnavis described plans for an approximately 2,000-acre New Nagpur development along Samruddhi Mahamarg. Planned as a central business district comparable in concept to Mumbai’s Bandra Kurla Complex, it would provide modern infrastructure for global capability centres, advanced manufacturing and smart industry. He said approximately half the land acquisition had been completed, with the remainder targeted for completion within three months.

    He also highlighted growing industrial activity in Chhatrapati Sambhajinagar and Jalna, particularly in electric vehicles, and the expansion of the Butibori industrial area. He encouraged entrepreneurs to consider opportunities beyond Mumbai and Pune as improved connectivity opens up new locations for manufacturing and services.

    The Chief Minister described Samruddhi Mahamarg as a foundation for industrial development across Vidarbha, Marathwada and North Maharashtra. He outlined a proposed rail freight corridor connecting JNPT and Vadhavan Port with inland industrial centres to improve the movement of goods and access to global markets. He also referred to wider infrastructure and urban development plans, including Mumbai 3 and Mumbai 4, intended to support new investment and improve connectivity.

    On industrial competitiveness, Shri Fadnavis emphasised the importance of affordable electricity. He said the five-year tariff proposal provided for tariffs to decline each year and highlighted the potential of solar power and battery energy storage systems, including systems expected to be produced by companies such as Avaada, to support reliable and more affordable electricity.

    The Chief Minister also discussed Mumbai’s redevelopment ambitions, describing a model that groups slum areas into 19 clusters. He outlined a target to redevelop 80% of these areas over the next decade, with a focus on a more structured process and building residents’ confidence.

    Reflecting on public leadership, Shri Fadnavis said that decisions required conviction, execution and tangible public benefit. He cited Samruddhi Mahamarg as an example of pursuing long-term economic gains despite initial opposition.

    Asked about the affection behind being addressed as “Devendra Bhau”, he said public trust was both humbling and a significant responsibility. “And now, after all these years of working, entire Maharashtra has become family,” he said.

    He stressed on the importance of remaining grounded and listening to honest feedback, including from old friends who still speak to him without being influenced by his office. On work–life balance, he acknowledged the demands his schedule places on his wife and daughter and thanked them for their understanding and support.

    Mr Vineet Mittal, Chairman, Avaada Group, said, “An MoU creates an expectation; a working factory fulfils a commitment. The Chief Minister’s encouragement belongs to the entire team that built Avaada’s Nagpur Superfactory. His message to the entrepreneurs present was equally clear: examine the opportunities emerging in Vidarbha and Marathwada. At Avaada, we are committed to translating that opportunity into manufacturing capability, skilled employment and stronger domestic supply chains.”

    Avaada Electro, the solar PV manufacturing arm of Avaada Group, operates 8.5 GW of N-Type TOPCon glass-to-glass module manufacturing capacity across Nagpur and Dadri. At Nagpur, 3 GW of N-Type TOPCon solar cell manufacturing capacity is operational, with another 3 GW in an advanced stage of commissioning and expected to become operational in the quarter ending September 30, 2026. Avaada Electro also plans to establish 3 GW of ingot and wafer manufacturing capacity at Nagpur, extending its manufacturing operations into earlier stages of the solar value chain. The company’s manufacturing expansion aims to strengthen domestic supply chains and increase value addition in India.

  • CM Shri Fadnavis Praises Avaada Superfactory at Nagpur as Among Asia’s Best, Urges Investment in the Region

    CM Shri Fadnavis Praises Avaada Superfactory at Nagpur as Among Asia’s Best, Urges Investment in the Region

    Hon’ble Chief Minister of Maharashtra Shri Devendra Fadnavis praised Avaada Superfactory at Nagpur as among Asia’s best during a visit to the facility and urged entrepreneurs to invest in Nagpur and Chhatrapati Sambhajinagar. In a fireside conversation with Mr Vineet Mittal, Chairman, Avaada Group, that was attended by more than 60 entrepreneurs, he credited Avaada’s investment which has helped generate further interest in solar module manufacturing in Nagpur.

    Recalling his participation in its groundbreaking ceremony, Shri Fadnavis said he had not imagined the scale and quality of the factory that would take shape. He described the Superfactory as “absolutely amazing” and praised it as one of India’s best. He congratulated Vineet Mittal and the Avaada team on establishing the Superfactory.

    The Chief Minister said that seeing commitments made through MoU translate into functioning factories, and seeing Maharashtra and India become part of global supply chains, gave him the energy to continue his work in public life.

    “Thanks to Vineet ji and the investment he has made, there is now considerable interest in solar modules in Nagpur. If all the other investors complete their investments on time, Nagpur will have the country’s largest solar module ecosystem,” Shri Fadnavis said.

    “The next big thing is Chhatrapati Sambhajinagar and Nagpur. If you are not investing here, you are missing something,” Shri Fadnavis said.

    To mark the visit, Vineet Mittal presented the Chief Minister with a commemorative memento incorporating the first solar cell manufactured at Avaada Superfactory in Nagpur. The memento symbolised the facility’s progress from an investment commitment to solar cell production in Maharashtra.

    Outlining investment opportunities in the region, Shri Fadnavis described plans for an approximately 2,000-acre New Nagpur development along Samruddhi Mahamarg. Planned as a central business district comparable in concept to Mumbai’s Bandra Kurla Complex, it would provide modern infrastructure for global capability centres, advanced manufacturing and smart industry. He said approximately half the land acquisition had been completed, with the remainder targeted for completion within three months.

    He also highlighted growing industrial activity in Chhatrapati Sambhajinagar and Jalna, particularly in electric vehicles, and the expansion of the Butibori industrial area. He encouraged entrepreneurs to consider opportunities beyond Mumbai and Pune as improved connectivity opens up new locations for manufacturing and services.

    The Chief Minister described Samruddhi Mahamarg as a foundation for industrial development across Vidarbha, Marathwada and North Maharashtra. He outlined a proposed rail freight corridor connecting JNPT and Vadhavan Port with inland industrial centres to improve the movement of goods and access to global markets. He also referred to wider infrastructure and urban development plans, including Mumbai 3 and Mumbai 4, intended to support new investment and improve connectivity.

    On industrial competitiveness, Shri Fadnavis emphasised the importance of affordable electricity. He said the five-year tariff proposal provided for tariffs to decline each year and highlighted the potential of solar power and battery energy storage systems, including systems expected to be produced by companies such as Avaada, to support reliable and more affordable electricity.

    The Chief Minister also discussed Mumbai’s redevelopment ambitions, describing a model that groups slum areas into 19 clusters. He outlined a target to redevelop 80% of these areas over the next decade, with a focus on a more structured process and building residents’ confidence.

    Reflecting on public leadership, Shri Fadnavis said that decisions required conviction, execution and tangible public benefit. He cited Samruddhi Mahamarg as an example of pursuing long-term economic gains despite initial opposition.

    Asked about the affection behind being addressed as “Devendra Bhau”, he said public trust was both humbling and a significant responsibility. “And now, after all these years of working, entire Maharashtra has become family,” he said.

    He stressed on the importance of remaining grounded and listening to honest feedback, including from old friends who still speak to him without being influenced by his office. On work–life balance, he acknowledged the demands his schedule places on his wife and daughter and thanked them for their understanding and support.

    Mr Vineet Mittal, Chairman, Avaada Group, said, “An MoU creates an expectation; a working factory fulfils a commitment. The Chief Minister’s encouragement belongs to the entire team that built Avaada’s Nagpur Superfactory. His message to the entrepreneurs present was equally clear: examine the opportunities emerging in Vidarbha and Marathwada. At Avaada, we are committed to translating that opportunity into manufacturing capability, skilled employment and stronger domestic supply chains.”

    Avaada Electro, the solar PV manufacturing arm of Avaada Group, operates 8.5 GW of N-Type TOPCon glass-to-glass module manufacturing capacity across Nagpur and Dadri. At Nagpur, 3 GW of N-Type TOPCon solar cell manufacturing capacity is operational, with another 3 GW in an advanced stage of commissioning and expected to become operational in the quarter ending September 30, 2026. Avaada Electro also plans to establish 3 GW of ingot and wafer manufacturing capacity at Nagpur, extending its manufacturing operations into earlier stages of the solar value chain. The company’s manufacturing expansion aims to strengthen domestic supply chains and increase value addition in India.

  • CM Shri Fadnavis Praises Avaada Superfactory at Nagpur as Among Asia’s Best, Urges Investment in the Region

    CM Shri Fadnavis Praises Avaada Superfactory at Nagpur as Among Asia’s Best, Urges Investment in the Region

    Hon’ble Chief Minister of Maharashtra Shri Devendra Fadnavis praised Avaada Superfactory at Nagpur as among Asia’s best during a visit to the facility and urged entrepreneurs to invest in Nagpur and Chhatrapati Sambhajinagar. In a fireside conversation with Mr Vineet Mittal, Chairman, Avaada Group, that was attended by more than 60 entrepreneurs, he credited Avaada’s investment which has helped generate further interest in solar module manufacturing in Nagpur.

    Recalling his participation in its groundbreaking ceremony, Shri Fadnavis said he had not imagined the scale and quality of the factory that would take shape. He described the Superfactory as “absolutely amazing” and praised it as one of India’s best. He congratulated Vineet Mittal and the Avaada team on establishing the Superfactory.

    The Chief Minister said that seeing commitments made through MoU translate into functioning factories, and seeing Maharashtra and India become part of global supply chains, gave him the energy to continue his work in public life.

    “Thanks to Vineet ji and the investment he has made, there is now considerable interest in solar modules in Nagpur. If all the other investors complete their investments on time, Nagpur will have the country’s largest solar module ecosystem,” Shri Fadnavis said.

    “The next big thing is Chhatrapati Sambhajinagar and Nagpur. If you are not investing here, you are missing something,” Shri Fadnavis said.

    To mark the visit, Vineet Mittal presented the Chief Minister with a commemorative memento incorporating the first solar cell manufactured at Avaada Superfactory in Nagpur. The memento symbolised the facility’s progress from an investment commitment to solar cell production in Maharashtra.

    Outlining investment opportunities in the region, Shri Fadnavis described plans for an approximately 2,000-acre New Nagpur development along Samruddhi Mahamarg. Planned as a central business district comparable in concept to Mumbai’s Bandra Kurla Complex, it would provide modern infrastructure for global capability centres, advanced manufacturing and smart industry. He said approximately half the land acquisition had been completed, with the remainder targeted for completion within three months.

    He also highlighted growing industrial activity in Chhatrapati Sambhajinagar and Jalna, particularly in electric vehicles, and the expansion of the Butibori industrial area. He encouraged entrepreneurs to consider opportunities beyond Mumbai and Pune as improved connectivity opens up new locations for manufacturing and services.

    The Chief Minister described Samruddhi Mahamarg as a foundation for industrial development across Vidarbha, Marathwada and North Maharashtra. He outlined a proposed rail freight corridor connecting JNPT and Vadhavan Port with inland industrial centres to improve the movement of goods and access to global markets. He also referred to wider infrastructure and urban development plans, including Mumbai 3 and Mumbai 4, intended to support new investment and improve connectivity.

    On industrial competitiveness, Shri Fadnavis emphasised the importance of affordable electricity. He said the five-year tariff proposal provided for tariffs to decline each year and highlighted the potential of solar power and battery energy storage systems, including systems expected to be produced by companies such as Avaada, to support reliable and more affordable electricity.

    The Chief Minister also discussed Mumbai’s redevelopment ambitions, describing a model that groups slum areas into 19 clusters. He outlined a target to redevelop 80% of these areas over the next decade, with a focus on a more structured process and building residents’ confidence.

    Reflecting on public leadership, Shri Fadnavis said that decisions required conviction, execution and tangible public benefit. He cited Samruddhi Mahamarg as an example of pursuing long-term economic gains despite initial opposition.

    Asked about the affection behind being addressed as “Devendra Bhau”, he said public trust was both humbling and a significant responsibility. “And now, after all these years of working, entire Maharashtra has become family,” he said.

    He stressed on the importance of remaining grounded and listening to honest feedback, including from old friends who still speak to him without being influenced by his office. On work–life balance, he acknowledged the demands his schedule places on his wife and daughter and thanked them for their understanding and support.

    Mr Vineet Mittal, Chairman, Avaada Group, said, “An MoU creates an expectation; a working factory fulfils a commitment. The Chief Minister’s encouragement belongs to the entire team that built Avaada’s Nagpur Superfactory. His message to the entrepreneurs present was equally clear: examine the opportunities emerging in Vidarbha and Marathwada. At Avaada, we are committed to translating that opportunity into manufacturing capability, skilled employment and stronger domestic supply chains.”

    Avaada Electro, the solar PV manufacturing arm of Avaada Group, operates 8.5 GW of N-Type TOPCon glass-to-glass module manufacturing capacity across Nagpur and Dadri. At Nagpur, 3 GW of N-Type TOPCon solar cell manufacturing capacity is operational, with another 3 GW in an advanced stage of commissioning and expected to become operational in the quarter ending September 30, 2026. Avaada Electro also plans to establish 3 GW of ingot and wafer manufacturing capacity at Nagpur, extending its manufacturing operations into earlier stages of the solar value chain. The company’s manufacturing expansion aims to strengthen domestic supply chains and increase value addition in India.

  • CM Shri Fadnavis Praises Avaada Superfactory at Nagpur as Among Asia’s Best, Urges Investment in the Region

    CM Shri Fadnavis Praises Avaada Superfactory at Nagpur as Among Asia’s Best, Urges Investment in the Region

    Hon’ble Chief Minister of Maharashtra Shri Devendra Fadnavis praised Avaada Superfactory at Nagpur as among Asia’s best during a visit to the facility and urged entrepreneurs to invest in Nagpur and Chhatrapati Sambhajinagar. In a fireside conversation with Mr Vineet Mittal, Chairman, Avaada Group, that was attended by more than 60 entrepreneurs, he credited Avaada’s investment which has helped generate further interest in solar module manufacturing in Nagpur.

    Recalling his participation in its groundbreaking ceremony, Shri Fadnavis said he had not imagined the scale and quality of the factory that would take shape. He described the Superfactory as “absolutely amazing” and praised it as one of India’s best. He congratulated Vineet Mittal and the Avaada team on establishing the Superfactory.

    The Chief Minister said that seeing commitments made through MoU translate into functioning factories, and seeing Maharashtra and India become part of global supply chains, gave him the energy to continue his work in public life.

    “Thanks to Vineet ji and the investment he has made, there is now considerable interest in solar modules in Nagpur. If all the other investors complete their investments on time, Nagpur will have the country’s largest solar module ecosystem,” Shri Fadnavis said.

    “The next big thing is Chhatrapati Sambhajinagar and Nagpur. If you are not investing here, you are missing something,” Shri Fadnavis said.

    To mark the visit, Vineet Mittal presented the Chief Minister with a commemorative memento incorporating the first solar cell manufactured at Avaada Superfactory in Nagpur. The memento symbolised the facility’s progress from an investment commitment to solar cell production in Maharashtra.

    Outlining investment opportunities in the region, Shri Fadnavis described plans for an approximately 2,000-acre New Nagpur development along Samruddhi Mahamarg. Planned as a central business district comparable in concept to Mumbai’s Bandra Kurla Complex, it would provide modern infrastructure for global capability centres, advanced manufacturing and smart industry. He said approximately half the land acquisition had been completed, with the remainder targeted for completion within three months.

    He also highlighted growing industrial activity in Chhatrapati Sambhajinagar and Jalna, particularly in electric vehicles, and the expansion of the Butibori industrial area. He encouraged entrepreneurs to consider opportunities beyond Mumbai and Pune as improved connectivity opens up new locations for manufacturing and services.

    The Chief Minister described Samruddhi Mahamarg as a foundation for industrial development across Vidarbha, Marathwada and North Maharashtra. He outlined a proposed rail freight corridor connecting JNPT and Vadhavan Port with inland industrial centres to improve the movement of goods and access to global markets. He also referred to wider infrastructure and urban development plans, including Mumbai 3 and Mumbai 4, intended to support new investment and improve connectivity.

    On industrial competitiveness, Shri Fadnavis emphasised the importance of affordable electricity. He said the five-year tariff proposal provided for tariffs to decline each year and highlighted the potential of solar power and battery energy storage systems, including systems expected to be produced by companies such as Avaada, to support reliable and more affordable electricity.

    The Chief Minister also discussed Mumbai’s redevelopment ambitions, describing a model that groups slum areas into 19 clusters. He outlined a target to redevelop 80% of these areas over the next decade, with a focus on a more structured process and building residents’ confidence.

    Reflecting on public leadership, Shri Fadnavis said that decisions required conviction, execution and tangible public benefit. He cited Samruddhi Mahamarg as an example of pursuing long-term economic gains despite initial opposition.

    Asked about the affection behind being addressed as “Devendra Bhau”, he said public trust was both humbling and a significant responsibility. “And now, after all these years of working, entire Maharashtra has become family,” he said.

    He stressed on the importance of remaining grounded and listening to honest feedback, including from old friends who still speak to him without being influenced by his office. On work–life balance, he acknowledged the demands his schedule places on his wife and daughter and thanked them for their understanding and support.

    Mr Vineet Mittal, Chairman, Avaada Group, said, “An MoU creates an expectation; a working factory fulfils a commitment. The Chief Minister’s encouragement belongs to the entire team that built Avaada’s Nagpur Superfactory. His message to the entrepreneurs present was equally clear: examine the opportunities emerging in Vidarbha and Marathwada. At Avaada, we are committed to translating that opportunity into manufacturing capability, skilled employment and stronger domestic supply chains.”

    Avaada Electro, the solar PV manufacturing arm of Avaada Group, operates 8.5 GW of N-Type TOPCon glass-to-glass module manufacturing capacity across Nagpur and Dadri. At Nagpur, 3 GW of N-Type TOPCon solar cell manufacturing capacity is operational, with another 3 GW in an advanced stage of commissioning and expected to become operational in the quarter ending September 30, 2026. Avaada Electro also plans to establish 3 GW of ingot and wafer manufacturing capacity at Nagpur, extending its manufacturing operations into earlier stages of the solar value chain. The company’s manufacturing expansion aims to strengthen domestic supply chains and increase value addition in India.