Lion King Ajay Devgn leaps into a new arena
We’ve seen superstars foraying into businesses other than filmmaking. Few years ago there was a wave of actors who wanted to buy IPL teams. However, Lion King Ajay Devgn had something else in mind when he announced his partnership with a state-of-the-art solar park in Gujarat.
On April 17, at a media meet in Chandigarh, the actor along with his business partners Ramakant J Tibrewala (CMD, Roha Group) and Kumar Mangat, announced the completion of the 25-MW solar plant.
Sitting on the dais, they congratulated the Honourable Chief Minister of Gujarat, Narendra Modi for achieving the herculean task of completing the state-of-the-art solar park and also for ensuring the installation of 600-MW of Solar Power Plants.
Located in Charanaka, Patan District, the solar plant is a joint venture between the Roha Group, Ajay Devgn and Kumar Mangat. The plant was built in a record eight months and would be inaugurated on December 31.
Tibrewala said, “The Roha Group has interests in investments and wealth management, food distribution, paints, fertilisers, filtration machine manufacture, and the colours used in the cosmetics and pharmaceuticals industry.”
According to him, the Roha Group, whose turnover exceeds US $ 200 million, is expanding into infrastructure. “The first major step in conserving natural resources was taken by installing 7.5-MW windmills in Sangli, Maharashtra, in 2007. Another huge step in this direction has been the completion of a 25-MW solar power plant at Patan, using Thin Film Technology,” he said.
After the media meet, Mangat said he had been toying with investing money outside the film industry. He shared his plan with Devgn and the latter advised him to become a part of this. “Everyone knows of my association with Ajay Devgn. I always take his advice. He said, “Become a part of this and invest here. If you don’t have enough money, I will help you,” smiled Mangat. “As always, I was touched by his gesture and, today, I am very happy that I followed his advice.”
Devgn too shared his views on why he had invested in this project. He said it was not for profit but “to do something good”. (The Charanaka Solar Park was inaugurated by Gujarat Chief Minister Narendra Modi in Gujarat on April 19, 2012, the first day of the two-day Indian Solar Summit 2012, further strengthening Gujarat’s position as a global solar power hub. The plant has an installed capacity of 200-MW with scope for further expansion to 300-MW.)