"Zodiac Energy Ltd Signs Memorandum of Understanding with Government of Gujarat"

Zodiac Energy Limited announced on January 3, 2024, that it has formalized a Memorandum of Understanding (MOU) for Investment Intention with the Government of Gujarat during the Vibrant Gujarat Investment Summit 2024. The agreement outlines Zodiac Energy's proposal to invest INR 3,000.00 Crore in the state of Gujarat over the next 5 years. The intended investment will focus on establishing Solar Power Plants under Feeder level Solarization, Group Captive, and Captive modes across multiple locations in alignment with Gujarat's RE policy 2023. This strategic move solidifies Zodiac Energy Ltd's commitment to contributing significantly to the renewable energy landscape in the state.

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