Avaada Group will invest Rs one lakh crore over the next five years to accelerate its renewable energy expansion and manufacturing footprint.

The company plans to scale its clean energy portfolio to 30 GW by 2030, supported by annual capacity additions of four to five GW requiring about Rs 20,000 crore each year. Avaada currently operates 6.1 GW with nearly 10 GW under construction and will fund the growth through a mix of equity, debt, and internal accruals. Chairman Vineet Mittal noted that funding availability is strong, stating, “Equity is not a constraint. Grid readiness is the only limiting factor now.”

With states like Maharashtra and Gujarat aligning with Central grid norms and major transmission upgrades planned for 2026–28, Avaada expects smoother commissioning cycles. The company is also expanding manufacturing through Avaada Electro, which has filed for a Rs 10,000 crore IPO, and is building a large solar glass facility in Nagpur. Avaada plans to hire 10,000 additional employees as part of this vertically integrated growth strategy.