Linde India, announced an investment of Rs. 114 million in Avaada MHYavat
In April 2022, Linde India, a leading industrial gases and engineering company, announced an investment of Rs. 114 million in Avaada MHYavat, a subsidiary of Avaada Energy, one of India’s leading renewable energy companies. This investment is aimed at supporting Avaada MHYavat’s growth and sustainability initiatives in the renewable energy sector.
Avaada MHYavat is a solar power project developed by Avaada Energy, located in the state of Maharashtra, India. With this investment from Linde India, Avaada MHYavat plans to expand its renewable energy portfolio and develop more solar power projects across India.
Linde India, on the other hand, is a leading industrial gases and engineering company that has been exploring opportunities in the renewable energy sector. The company has set a target of reducing its carbon footprint by 35% by 2025 and aims to become a carbon-neutral company by 2040. This investment in Avaada MHYavat is a testament to Linde India’s commitment to supporting sustainable investments that can generate long-term returns for its stakeholders.
The investment in Avaada MHYavat is part of Linde India’s broader strategy to reduce its carbon footprint and support sustainable investments in the renewable energy sector. The company aims to become a leader in the industrial gases and engineering industry while also supporting India’s transition to a low-carbon economy.
To summarize Linde India’s investment strategy, we can create a table as follows:
| Investment Features | Description |
|---|---|
| Focus | Invest in renewable energy projects to support Linde India’s sustainability initiatives. |
| Sustainability | Support sustainable investments that can generate long-term returns for stakeholders. |
| Targets | Reduce carbon footprint by 35% by 2025 and become a carbon-neutral company by 2040. |
In conclusion, Linde India’s investment in Avaada MHYavat is a positive step towards supporting sustainable investments in the renewable energy sector. This investment will enable Avaada MHYavat to expand its renewable energy portfolio and develop more solar power projects across India. At the same time, it aligns with Linde India’s sustainable investment strategy, which focuses on reducing its carbon footprint and supporting India’s transition to a low-carbon economy.