INKEL to invest ₹200 crore in group captive solar power project

Inkel to Invest ₹200 Crore in Malappuram Solar Project.

Expert Analysis :

• Investment Commitment: Inkel Limited will invest ₹200 crore in a renewable energy project using the group captive model.

• Project Phase 1: The first phase involves a 23.2-MW solar power project in Malappuram, in collaboration with commercial and industrial groups.

• Government Participation: A term sheet was signed in the presence of Industries Minister P. Rajeeve.

• Future Expansion Plans: Inkel plans to purchase land in Kasaragod and Palakkad to expand group captive solar projects.

• Broader Investment Agenda: At the ‘Invest Kerala’ initiative, Inkel announced a ₹1,135 crore investment across renewables, logistics, roads, and infrastructure.