Meghmani Renew Energy Signs Odisha MoU for 1 GW Projects

Meghmani Renew Energy Pvt. Ltd. (MREPL), the renewable energy arm of the Meghmani Group, has signed a Memorandum of Understanding (MoU) with the Government of Odisha to develop renewable energy projects with a cumulative capacity of approximately 1 GW by 2032. The proposed investment is around INR 10,000 crore.

The MoU was exchanged at the Bharat Renewable Energy Summit & Expo 2026, held in New Delhi from November 2 to 5, in the presence of Odisha Chief Minister Mohan Charan Majhi, Deputy Chief Minister Kanak Vardhan Singh Deo and other dignitaries. Dr. Alok Das, Managing Director and CEO of Meghmani Renew Energy Pvt. Ltd., represented the company at the signing ceremony.

The proposed investment will cover a diversified portfolio of renewable energy projects, including solar, wind, pumped storage, wind-solar hybrid projects, battery energy storage systems (BESS), floating solar, biomass energy and compressed biogas (CBG).

Under the MoU, the Odisha government may facilitate access to land, grid connectivity and other necessary resources in accordance with applicable state policies and regulations. The state government will also coordinate with relevant departments and provide guidance on statutory approvals and clearances required for project development.

The proposed investment and capacity remain subject to feasibility assessments, project-specific approvals and other applicable requirements.

Meghmani Renew Energy is part of the Meghmani Group, a diversified business conglomerate with an annual turnover of approximately USD 1 billion and more than 45 years of business history. The company is expanding its presence in the renewable energy sector, with plans covering solar, wind, hybrid projects, energy storage and emerging clean energy solutions.