Davos, Jan. 23 -- The Telangana government signed a Memorandum of Understanding with Akshat Greentech Private Limited, a group company of Mytrah Energy, to establish a state-of-the-art solar cells and modules manufacturing facility in Telangana, the state's Chief Minister Office (CMO) stated in a release.

The MOU was formalized on the margins of the World Economic Forum 2025 in Davos, in the presence of Chief Minister Revanth Reddy, IT and Industries Minister D Sridhar Babu and the Telangana Rising Delegation. Akshat Greentech was represented by their Director, Girish Gelli.

Akshat Greentech will set up a 6.9 GW Solar Cells and 6.9 GW Solar Modules manufacturing unit in Hyderabad.

The project with a proposed investment of Rs 7,000 cror...