Company updateCNBC-TV18
ReNew invests 80,000 crore in Andhra Pradesh
Positive+23
GreyOak summary
ReNew Energy Global Plc announced an investment of approximately ₹80,000 crore in Andhra Pradesh. The package includes a ₹67,000 crore 1 GW green hyperscale data centre, ₹11,000 crore for polysilicon and metallurgical silicon manufacturing, and ₹1,500 crore for a permanent magnet facility. The company also plans to establish a technical excellence centre in Visakhapatnam.
What it affects
- Renewable energyPositive +23
Company invests heavily in solar and green energy.Rolling sentiment Positive +44
