One of India's largest conglomorates, Aditya Birla Group has revealed to public it's urge to go green by expressing their interest to invest about $1 billion in renewable sector in coming five years. A Good majority of the planned investment is targeted to develop solar power projects in India.
Also recently to strengthen it's green presence the group acquired a minor stake in Electrotherm India Ltd.(predominant in metal melting industry) , which has a gujurat manufacturing facility where it mainly manufactures solar water heating system, solar process heating, air-conditioning systems.
This Renewable division known as Electrotherm Renewables is also into development of commercial as well as utility scale concentrated solar power plants.
The Aditya Birla group has also invested about $39 million to develop 20 MW of solar capacity. The company is also targeting 100 MW in coming 18 months.
