As part of its long-term growth and diversification strategy, the Group entered the renewable energy sector in 2013 by setting up a solar power generation plant in Rajasthan. The initiative has been undertaken in view of the growing demand for clean and reliable energy, as well as the increasing importance of renewable energy in India’s future energy mix.

The Group recognises that the demand for electricity is expected to continue increasing with economic growth, industrialisation and infrastructure development. At the same time, the transition towards cleaner and more sustainable sources of energy is becoming increasingly important. 

Rajasthan was selected for the solar power project owing to its favourable solar irradiation conditions and suitability for large-scale solar generation. The project is intended to contribute to the Group’s long-term diversification while establishing a presence in a sector with strong structural growth potential.

The investment also reflects the Group’s commitment to sustainability and responsible business practices. By increasing its participation in renewable energy generation, the Group aims to support the transition towards cleaner energy, reduce dependence on conventional sources of power and contribute to the broader objective of promoting sustainable development.