Essel Group to set up solar parks in Rajasthan for Rs 4,000-cr

Essel Group has signed an initial agreement with the Rajasthan government for setting up solar parks at Bikaner and Jaisalmer at a total investment of Rs 4,000 crore.

New Delhi: Essel Group has signed an initial agreement with the Rajasthan government for setting up solar parks at Bikaner and Jaisalmer at a total investment of Rs 4,000 crore.

"Essel Group has signed a Memorandum of understanding (MoU) with the Government of Rajasthan to develop Solar Park at Bikaner and Jaisalmer with the total investment of Rs 4,000 crore," the company said in a statement.

The group is also interested in developing major infrastructure projects in the state for verticals like roads and waste to energy, the statement said adding, going forward, Essel group will explore and endeavour to setup manufacturing facility for solar PV module in future.

Essel Infraprojects Ltd is Essel group's flagship infrastructure company with verticals like core infra, green and integrated utilities.

EIL under its core infra has portfolio of 3,644 kms of road projects across the country whereas its green vertical has commissioned solar projects at Osmanabad (Maharashtra) and Gulbarga (Karnataka). Essel has emerged as major player in solar power generation with upcoming solar project in Tamil Nadu.