New Delhi, Oct. 17 -- Thailand's PTT group-backed Avaada plans to invest about Rs.20,000 crore each in a green ammonia plant in Odisha and a green methanol facility in Maharashtra, as it expands into low-carbon fuels. The group plans a cumulative investment of around Rs.1 trillion over the next three to four years, founder and chairman Vineet Mittal said in an interview.

"Avaada is setting up two projects, one in Dighi, Maharashtra, and the second in Gopalpur, Odisha. The feed engineering is happening in Gopalpur. For the first time, we are moving closer to binding agreements for offtake. We should sign by next year," Mittal said.

The methanol project in Nagpur and the proposed green ammonia project in Dighi are in the conceptualisation...