Meghmani Renew Energy Pvt. Ltd. (MREPL), the renewable energy arm of the Meghmani Group, has signed a Memorandum of Understanding (MoU) with the Government of Odisha. The company proposes to invest approximately ₹10,000 crore to develop renewable energy projects with a cumulative capacity of about 1 GW in the state, progressively by 2032.
The MoU was exchanged at the Bharat Renewable Energy Summit & Expo 2026, held from 2 to 5 November 2026 in New Delhi. The summit is organised by the Ministry of New and Renewable Energy (MNRE), Government of India, with the International Solar Alliance and the Energy Department, Government of Odisha. The ceremony took place in the presence of Odisha Chief Minister Shri Mohan Charan Majhi, Deputy Chief Minister Shri Kanak Vardhan Singh Deo and other dignitaries. Dr. Alok Das, Managing Director and CEO, represented Meghmani Renew Energy Pvt. Ltd. in signing the MoU. MREPL was among the companies that signed MoUs with the state during the summit to take forward Odisha’s renewable energy ambitions.
The proposed portfolio may include:
- Solar
- Wind PSP
- Wind-solar hybrid
- Battery Energy Storage Systems (BESS)
- Floating solar
- Biomass energy
- Compressed Biogas (CBG)
The Government of Odisha may extend support in line with applicable state policies, rules and regulations. This includes facilitating access to land, grid connectivity and other required resources, coordinating with relevant departments, and providing guidance on statutory approvals and clearances.
The investment, capacity and project portfolio are as stated by the investor and remain subject to feasibility assessments, project-specific approvals and other applicable requirements.
