The Yash Birla Group proposes to spend over Rs 5,500 crore in the next three years in thermal, solar power, wellness, lifestyle, garments and education segments.

Birla Urja and Birla Energy Infra, two newly-floated subsidiaries will lead the group’s foray into thermal and renewable energy. Initially, Birla Urja is likely to set up a 600-MW coal fired power plant at Dhule district in Maharashtra, with an investment of about Rs 3,000 crore and 20 MW of grid connected solar power through three projects in Rajasthan, Haryana, Uttarakhand, and 50 MW in Andhra Pradesh.

The group also proposes to invest over Rs 500 crore in the education sector. It plans to set up a university in Mumbai, besides 40 schools under the brand name 'Globe Trotters', in various cities.

Meanwhile, its Birla Pacific Medspa runs 'Evolve', a JV between Yash Birla Group and Pacific Healthcare to set up healthcare spas.