Renewable Energy company ACME Cleantech has signed a Memorandum of Understanding (MoU) to invest Rs 52,000 crore in setting up a hydrogen and ammonia plant with associated solar power unit in Mangaluru, the company said in a statement on Monday.
The Gurugram-based firm signed the MoU in presence of Karnataka Chief Minister Basavaraj Bommai. “The state government will provide all support and cooperation for speedy implementation of the project,” he said.
The MoU was signed by E V Ramana Reddy, additional chief secretary in the commerce and industries department, and Sandeep Kashyap, chief operating officer of ACME Cleantech Solutions.