Adani Group: More than 15,000 jobs would be created in Madhya Pradesh as a result of the Adani Group’s planned Rs 75,000 crore investment in a variety of industries, including cement, roads, energy, and natural resources. The group has been investing extensively throughout the nation’s states, primarily to build infrastructure in a variety of industries.
The company plans to increase its power generation capacity at the Mahan Energen plant in Singrauli by investing nearly Rs 30,000 crore, its largest ever in the state. From the current 1,200 MW, the capacity would be increased to 4,400 MW. Additionally, it plans to invest nearly Rs 28,000 crore to establish 3,410 MW of pumped storage projects.
The government is currently implementing a number of supportive multi-sectoral policies, schemes, and reforms, and it is evident from these that Madhya Pradesh’s boundless potential is quickly coming to light. The Adani Group is thrilled to be investing in Madhya Pradesh, and I see endless opportunities for growth, particularly in the energy and infrastructure sectors,” stated Pranav Adani, managing director of Adani Enterprises (AEL) and director of agro, oil, and gas.
The flagship company of the Adani Group, AEL, operates in 11 countries and is present in the power, energy, and logistics sectors.
Two cement grinding units, with a combined capacity of eight million tonnes per annum (MTPA), in Dewas and Bhopal, and a four-million-tonne annual (MTPA) clinker unit in Chorgadi are to be established with an investment of Rs 5,000 crore. The Mahakaal Expressway, which would connect Ujjain and Bhopal via Indore, would require an additional investment of Rs 5,000 crore. In her speech, Adani mentioned the Madhya Pradesh Regional Industry Conclave in Ujjain.
The company plans to invest more than Rs 4,000 crore in the natural resources sector and an additional Rs 600 crore to increase its footprint in the food processing, agri-logistics, and defense manufacturing industries. In the fuel distribution sector, which covers city gas distribution (CGS), liquefied natural gas, electric vehicle fuel, and biogas, it will also contribute Rs 2,100 crore.
The majority of this will go toward enhancing the CGS network in Alirajpur, Bhind, Burhanpur, Anuppur, and Tikamgarh. The duration of these investments, though, was not made public right away.
The group has invested nearly Rs 18,000 crore in the state overall, covering everything from thermal power, renewable energy, and power transmission to roads, cement, and natural resources. In the state, the organization has produced nearly 11,000 new job opportunities.
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The Adani Group had previously announced plans to invest Rs 1 trillion in Karnataka over the next seven years, and earlier in January, chairman Gautam Adani announced a ₹2 trillion investment in Gujarat over the next five years.
The group had previously declared in October that it would invest Rs 60,000 crore in Odisha over the next ten years and Rs 65,000 crore in Rajasthan over the course of five to seven years.
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