Essar and KP Group Invest in Gujarat's Energy Sector

Essar Future Energy Limited and KP Group have both announced big investments in Gujarat, India.

Essar is putting in ₹5,100 crore to build a large bio-fuel complex in Devbhumi Dwarka.

This project will make clean fuel for planes, ships, and trucks and is expected to create 350 jobs by 2029.

KP Group is investing ₹4,000 crore in renewable energy projects, like solar and wind power, in Devbhumi Dwarka and Kutch.

These projects will have a total capacity of 855 MW.

Both companies signed agreements with the Gujarat government at the Vibrant Gujarat Regional Conference.

These investments are part of Gujarat's plan to become more energy-independent and use cleaner energy sources.