InoxGFL to invest Rs 50,000 crore in renewable energy operations by FY29

Hybrid power projects integrate two or more energy sources -such as solar and wind - to improve overall system efficiency and reliability

InoxGFL, a ₹1.53 trillion Indian conglomerate in chemicals, fluoropolymers, refrigerants, turbines and renewables, plans to invest ₹50,000 crore by FY29 in renewable energy operations across its businesses, said a top executive.

 

“The overall investment plan of the group involves about ₹50,000 crore in the next three years (by 2028-29) across the entire energy transition ecosystem — GFCLev, Inox Clean, Inox Neo Energies, Inox Wind and  Inox Green,” Devansh Jain, executive director (ED) of InoxGFL Group, told Business Standard.

“Potentially, it could go even further after one strategic event,” Jain said without mentioning what the strategic event is.

 

The group is reportedly