Avaada agrees on green ammonia project in Odisha with Tata Steel SEZ
Avaada Group signs MoU with Tata Steel SEZ for green ammonia project in Odisha. (PRNewsfoto/Avaada Group)
India’s Avaada Group on Thursday announced plans to build a green hydrogen and ammonia production facility at the Gopalpur Industrial Park in the state of Odisha.
The group said in a statement that it has entered into a memorandum of understanding (MoU) with Tata Steel Special Economic Zone Ltd (TSSEZL), described by Avaada chairman Vineet Mittal as a “crucial milestone” in the realisation of its green ammonia venture.
The announcement did not give details about the exact size of the project, only mentioning that it is expected to curtail annual carbon dioxide (CO2) emissions by almost 2 million tonnes. The development is also seen to create around 1,600 direct and 4,000 indirect employment opportunities.
"In light of the unparalleled support and robust initiatives from the Government of Odisha, I am actively encouraging all division heads within our group to amplify investments across various sectors in the state. [...] The single-window clearance system in Odisha is not merely a policy on paper but a lived reality, making it an ideal destination for sustainable business growth," Mittal added.