Adani Group announces investment of about ₹75,000 crore in Madhya Pradesh
The Hindu
The Adani Group will invest about ₹75,000 crore in Madhya Pradesh, including ₹5,000 crore in building the Mahakal Expressway between Ujjain and Bhopal.
The Adani Group will invest about ₹75,000 crore in Madhya Pradesh, including ₹5,000 crore in building the Mahakal Expressway between Ujjain and Bhopal, Pranav Adani, its Managing Director (Agro, Oil and Gas) and Director of Adani Enterprises, said on Friday.
Mr. Adani made the announcement on the first day of a two-day investor summit, Invest Madhya Pradesh: Regional Industry Conclave 2024, in Ujjain, in the presence of Madhya Pradesh Chief Minister Mohan Yadav. He said that investment in the State would be made in various sectors, including roads, natural resources, cement, food processing, logistics and agri-logistics, defence manufacturing, thermal power, and renewable energy.
“Our faith in your (Mr. Yadav’s) visionary leadership will see us investing close to ₹75,000 crore in Madhya Pradesh. Of this, ₹5,000 crore will be utilised to build the Mahakal Expressway from this great city Ujjain, to Bhopal, through Indore,” Mr. Adani said, addressing the gathering of business leaders.
Mr. Adani said that the group will invest close to ₹30,000 crore to ramp up power generation at its Mahan Energen plant in Singrauli district, taking it from the current 1,200 megawatt to 4,400 MW. The move, he said, aims at enhancing M.P.’s access to reliable and affordable power.
“We will also invest close to ₹28,000 crore to setup 3,410 MW-capacity pump storage projects,” he added.
Mr. Adani said that a clinker unit with a capacity of four million tonnes per annum would be established in Chorgadi, Sidhi, and one cement grinding unit each would be set up in Bhopal and Dewas, with a combined capacity of eight million tonnes annually, with an investment of ₹5,000 crore.
“In the natural resources sector, we will invest over ₹4,000 crore and another ₹600 crore to expand our presence in the food processing, logistics and agri-logistics, and the defence manufacturing sectors,” he added.
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