The group operates in two broader segments-chemicals and renewables-comprising fluoropolymers, fluorochemicals, solar, green hydrogen and wind energy. Of the total planned investment, 60-65% is likely to go towards renewable energy addition, Jain said.
“The group has strong internal cash flow. We can also look at raising through external debt sources,” Jain said, adding that all options were open for the funding. The company aims to reach an installed renewable energy capacity of 1.5 GW in 4-5 years from the current over 100 MW, leveraging the wind and solar sector expertise within the group, Jain said. The power generated from these is likely to be used for captive consumption, sold to the commercial and industrial segment, and offered on the exchanges. The group’s annual revenue was Rs 6,612 crore in FY23, while its earnings before interests, taxes, depreciation and amortization (EBITDA) was approximately Rs 2,000 crore.
