Pune, January 27, 2026: Sankla Buildcoon, through its associate clean-energy platform Sankla Renewables, has entered into a Memorandum of Understanding (MoU) with the Government of Maharashtra to develop a ₹15,000 crore Sustainable Aviation Fuel (SAF) manufacturing project at Chalisgaon, Jalgaon District, Maharashtra.
The MoU was formalized at the World Economic Forum, Davos, Switzerland, reinforcing Maharashtra’s positioning as a preferred destination for large-scale, transition-aligned industrial investments. The project represents the Group’s strategic expansion from real estate-led value creation into long-duration, infrastructure-grade clean energy assets.
Project Overview and Strategic Rationale
The proposed SAF facility will convert agricultural residue feedstock, including sugarcane bagasse, cotton stalks, soybean husk, and pigeon pea waste, into aviation-grade sustainable fuel using internationally certified conversion technologies.
Chalisgaon has been selected based on the various geopolitical merits it offers.
The MoU was formalized at the World Economic Forum, Davos, Switzerland, reinforcing Maharashtra’s positioning as a preferred destination for large-scale, transition-aligned industrial investments. The project represents the Group’s strategic expansion from real estate-led value creation into long-duration, infrastructure-grade clean energy assets.
Project Overview and Strategic Rationale
The proposed SAF facility will convert agricultural residue feedstock, including sugarcane bagasse, cotton stalks, soybean husk, and pigeon pea waste, into aviation-grade sustainable fuel using internationally certified conversion technologies.
Chalisgaon has been selected based on the various geopolitical merits it offers.
The project is structured for phased commissioning through 2029, enabling capital-efficient deployment and risk-managed scale-up.
Capital Structure and Investment Framework
Capital Structure and Investment Framework
- Total planned investment: ₹15,000 crore
- Asset profile: Infrastructure-grade, long-life manufacturing asset
- Revenue visibility: Linked to long-term aviation fuel demand and decarbonization mandateThe initiative aligns with India’s national objectives on energy security, import substitution, and aviation decarbonization, while supporting state-level industrial growth priorities.
ESG, Sustainability, and Policy Alignment
The project is been designed to meet global ESG benchmarks and emerging climate change criteria:
- 100% renewable energy-powered operations
- Closed-loop water management with 100% reuse
- Electric vehicle–based internal logistics
- Zero-liquid-discharge and low-emissions process design
- Full compliance with Environmental, Social, and Governance norms
Beyond emissions reduction, the project embeds rural economic participation by creating a formal market for local economies, enabling:
- Long-term feedstock procurement contracts for farmers
- Incremental rural income streams
- Reduction in open-field residue burning
Economic Impact and Workforce Development
Upon full commissioning, the project is expected to generate:
- Over 3,000 direct, indirect jobs
- Several thousand indirect jobs across logistics, services, and supply chains
In partnership with local institutions, Sankla Renewables plans to implement structured skill development and training programs to ensure availability of a qualified local workforce and long-term operational sustainability.
Management Commentary
Management Commentary
Commenting on the strategic intent, Sahil Sankla, Director, Sankla Buildcoon, stated, “This investment marks a deliberate shift towards sustainability-led growth. Over the past 25 years, we have built trust by delivering high-quality real assets to more than 15,000 customers. Through Sankla Renewables, we are now deploying that execution discipline into clean energy infrastructure that aligns commercial returns with Global climate and energy priorities. Sustainable Aviation Fuel represents a structurally growing market, and we believe this platform can emerge as a cornerstone asset in India’s energy transition.”
About the Sankla Buildcoon
The Sankla Buildcoon Group brings over 30 years of execution experience in asset development and large-scale project delivery, having developed more than 5 million square feet of residential and commercial real estate across Pune and served over 15,000 customers.
Sankla Renewables, is the first of the Sankla Buildcoon’s commitment in the sustainable development scape. The group will extend its core competencies—capital discipline, project execution, and stakeholder management—into clean energy and sustainability-driven infrastructure, with a focus on scalable platforms and long-term value creation.
Sankla Renewables, is the first of the Sankla Buildcoon’s commitment in the sustainable development scape. The group will extend its core competencies—capital discipline, project execution, and stakeholder management—into clean energy and sustainability-driven infrastructure, with a focus on scalable platforms and long-term value creation.
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