BusinessPhoto: MintAvaada Plans ₹40,000 Crore Investment in Green Ammonia and Methanol Plants
Avaada, backed by Thailand's PTT group, plans to invest ₹20,000 crore each in a green ammonia plant in Odisha and a green methanol facility in Maharashtra. Founder Vineet Mittal said the group aims to invest around ₹1 trillion over the next 3-4 years, setting up four green fuel projects. Talks for long-term offtake agreements with European buyers are underway. An IPO for Avaada Electro is planned by year-end.
Mint·


