On Sept 7, AVAADA Group announced the signing of an agreement with Tata Steel Special Economic Zone Ltd (TSSEZL) to establish a green hydrogen and ammonia manufacturing unit in Odisha. The facility will be located in the Gopalpur Industrial Park in the Ganjam district of Odisha.

AVAADA Group announced in a statement "an initiative to establish a cutting-edge green hydrogen and ammonia manufacturing unit in Odisha." This significant development follows the signing of a Memorandum of Understanding (MoU) with Tata Steel Special Economic Zone Limited (TSSEZL)."

The company provided no financial information about the proposed project. The project is expected to create approximately 1,600 direct and 4,000 indirect job opportunities and to reduce nearly 2 million tonnes of CO2 emissions annually.

AVAADA Group Chairman Vineet Mittal said, "The collaboration is geared towards fast-tracking the shift to green energy and bolstering India's ambition to emerge as a global green hydrogen manufacturing hub. The MoU is a crucial milestone in our journey towards the fruition of our green ammonia venture".

The group is an integrated energy conglomerate with a diverse portfolio that spans from solar ingot manufacturing to green ammonia production.