Bihar receives INR 90,734 crore investment proposals in renewable energy

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The Indian state of Bihar has received investments proposals totaling INR 1.8 lakh crore across various sectors, with INR 90,734 crore committed in renewable energy sector alone. The memorandum of understanding were signed between the investors and the state government during Bihar Business Connect 2024 recently.

Oil and gas company Sun Petrochemicals has committed an investment of INR 36,700 crore in renewable energy, including pumped hydro storage and solar plant.

NTPC Green will invest INR 10,000 crore in building solar plants. SJVN will invest INR 10,000 crore in pumped storage and NHPC INR 5,500 crore. Among other investors, Maharashtra-based construction engineering company Ashoka Buildcon has committed INR 9,000 crore in setting up a green hydrogen production plant in Bihar. Surya International will invest INR 1,000 crore and HPCL INR 500 crore.

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