Mumbai: The Hindujas propose to invest about $50 billion (Rs200,000 crore), including capital outlay for oil and gas projects in Iran, over the the next five years.

Hindujas are eyeing Iran's South Pars Phase 12 gas field and the Azadegan oil asset, in partnership with ONGC Videsh, the overseas arm of exploration major Oil and Natural Gas Corporation.

The two have jointly conducted due diligence on Iran's South Pars gas field and are preparing for due diligence on Azadegan field. The projects will involve huge investments in the range of $10-20 billion.

Hindujas and ONGC are also planning to build a 300,000 barrels-a-day oil refinery and a 7.5 tonnes-a-year liquid natural gas terminal in southern India.

The group has received clearance for their project to build 2,000 MW of generating capacity in Andhra Pradesh.

The group plans to have a generating capacity of 10,000 MW at an investment of about $10 billion in the country.

The closely-held group, with bases in the UK, India and Switzerland, is also planning large investments in real estate, automotives, power and infrastructure, mostly in India, Europe and West Asia.

In India, the group controls Ashok Leyland, the country's second-biggest truck-maker by sales, as well as Hinduja Foundries, one of the biggest automotive jobbing foundries, producing castings for third parties.

The Hinduja Group had total sales estimated at $11 billion in business verticals ranging from oil to banking, real estate, media and entertainment, telecom and healthcare last year.

Two London-based Hinduja brothers - Gopichand and Srichand – have £6.2 billion in wealth, making them the UK's fourth-richest family.