Greenfuel Energy to shift CNG facilities to Jhajjar, invest INR 17.5 cr on new projects
Greenfuel Energy Solutions, a supplier of automotive components to OEMs for alternative fuel vehicles, is betting big on the increasing demand for CNG. With this, it has put aside an investment of about INR 24 crore to shift its Gurugram-based operations to a bigger facility in Jhajjar, Haryana. Further, it will invest INR 17.5 crore on new projects in the CNG division until FY25. The automotive supplier looks to clock INR 300 crore revenue in the current fiscal.
Tags : Greenfuel Energy investment greenfuel energy cng facilities CNG Greenfuel Energy CNG facility Jhajjar H2 ICE lithium-ion batteries battery smart chargeup sheru
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