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Hinduja Group keen to invest in key sectors in UP

Explores strategic partnerships in EVs, energy and banking

by Blitz India Media
July 24, 2025
in Nation
0
Hinduja Group keen to invest in key sectors in UP
Blitz Bureau

THE Hinduja Group has expressed keen interest in investing across key sectors in Uttar Pradesh. A high-level investment review meeting was held at the Invest UP office in Lucknow on July 16 and was chaired by Chief Secretary Manoj Kumar Singh, with senior representatives from the Hinduja Group in attendance.

Discussions focused on exploring strategic partnerships and investment opportunities in electric vehicles, EV charging infrastructure, media, renewable energy, insurance and financial services. The Hinduja Group delegation was led by Dr SK Chaddha, Senior Advisor, and comprised Ravi Chawla, MD & CEO of Gulf Oil, and Vynsley Fernandes, MD & CEO of HGS Ltd. Later, the delegation also met Chief Minister Yogi Adityanath.

A detailed presentation of various Hinduja Group companies, including IndusInd Bank, IndusInd Insurance, Gulf Oil, Hinduja Renewables, NXTDIGITAL, and Ashok Leyland, was made to the Chief Secretary and senior government officials.

Ashok Leyland highlighted the rapid completion of its EV bus manufacturing facility in Lucknow, which was completed in just 18 months. Commercial production is expected to begin within the next two months. The company also requested additional land to support its expansion plans for future growth.

Gulf Oil, one of the world’s largest independent downstream lubricant companies operating in over 100 countries, showcased its business profile and future-ready EV lubricant offerings. The company also presented its capabilities in EV charging infrastructure, offering end-to-end solutions including AC/ DC chargers and proprietary software for vehicles ranging from two-wheelers to electric buses.

The company also proposed support in establishing a robust EV charging network across Uttar Pradesh. Hinduja Renewables, an independent power producer within the group, highlighted its operational clean energy portfolio of over 1,000 MWp and a pipeline of 2,450+ MWp under construction. The company outlined its vision to develop 3–4 GW of renewable capacity in Uttar Pradesh, including major projects of 600 MW in Jhansi and a 1,000 MW Sukhnai Pumped Storage Project in Mirzapur.

IndusInd Bank showcased its growing footprint in the state, now operating in 57 districts with 186 branches and 230 ATMs, reflecting a commitment to financial inclusion and accessible banking services across the state.

NXTDIGITAL, another key Hinduja Group entity, presented its potential to bridge the digital divide in Uttar Pradesh. With an advanced broadcast hub in Noida supporting 700 plus TV channels and value-added services, the company also delivers high-speed FTTH internet to over 1 million users across 350 plus cities, powered by India’s 4th largest private ISP. The meeting marked a significant step toward deepening private sector participation in Uttar Pradesh’s industrial growth, with the Hinduja Group expressing strong interest in contributing to the state’s vision of becoming a $1 trillion economy.

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