Hinduja Group to Invest $2.3 billion in brownfield, greenfield projects in AP

Hinduja Group, a multi-billion dollar global investment and banking group, has announced an investment of ₹20,000 crore ($2.3 bn) in expanding the capacity of 1040 MW Hinduja National Power Limited (HNPCL located at Palavalasanear here and other power projects in Andhra Pradesh as part of its $10 billion expansion plan.

The comp

any which set up its coal-fired power plant here in 2014-15 has a long-term plan to generate 10,000 MW. The group's major plant is in Visakhapatnam and it committed for an investment of ₹20,000 crore in Andhra Pradesh during the visit of Chief Minister N. Chandrababu Naidu on a personal visit to London.

The group's long-term plan is to have a mix of hydro, thermal, nuclear and renewable energy. The promise to expand the Visakhapatnam plant by 1600 MW was made when Naidu met the promoters of Hinduja Group, one of India’s most respected and diversified global conglomerates, to invest in a series of large-scale projects across energy, renewables, electric mobility, and infrastructure, designed to power the State’s next phase of industrial expansion and green transformation.

Visakhapatnam economic region mooted by the State Government is soon expected to become a major power hub with Nuclear Power Corporation of India Limited (NPCIL) has a massive plan for investment into a nuclear power plant near Ranasthalam in Srikakulam district. NTPC Super Thermal Power Station has a 1,000 MW thermal project at Parawada in Anakapalle district, about 40 km from here. All the three power projects are close to Gangavartam and Visakhapatnam ports and the proposed Bhogapuram International Airport, under development by GMR Group.

HNPCL will have an additional 1,600 MW (2 X 800 MW) through a nominated entity of the Hinduja Group. This will ensure stable, high-quality power supply to the rapidly industrialising Visakhapatnam region and its surrounding growth corridors. The group will make significant investments in renewable energy projects in the resource-rich Rayalaseema region, harnessing the area’s high solar and wind potential to strengthen the State’s clean energy portfolio, Andhra Pradesh Government stated in a communique.

Further deepening its footprint in Andhra Pradesh, the Hinduja Group will expand its state-of-the-art electric bus and light-vehicle manufacturing facility at Malavalli, near Vijayawada, to cater to the growing domestic demand for sustainable transportation. Complementing this, the Group will also create a robust network of electric vehicle charging stations across the State, ensuring that Andhra Pradesh leads the nation in clean mobility infrastructure.

Earlier, Ashok P. Hinduja, Chairman (India), Hinduja Group, said: “We are deeply impressed with the speed and focus with which the state is expanding its manufacturing, renewable and sustainability ecosystem. This ₹20,000 crore investment represents our confidence in the State’s growth vision and its strong leadership. Through expanded power generation, renewable projects, and a comprehensive EV ecosystem, we are investing not just in infrastructure but in a long-term partnership for sustainable progress. Andhra Pradesh’s prosperity is our prosperity.”

Reacting to the major announcement, Nara Lokesh, Minister for HRD, IT, Electronics & RTGS, and Chairman of the Group of Ministers on Job Creation, Andhra Pradesh, said: "This is a defining moment for Andhra Pradesh. The Hinduja Group’s investment will accelerate our journey towards becoming India’s next major industrial and green energy hub. From power generation to electric mobility, their multi-sectoral commitment reflects confidence in our policies and our speed of execution. Andhra Pradesh is where industry meets opportunity, and this partnership marks the beginning of a new growth chapter.”