Adani Group’s biggest investment will be in increasing access to abundant, reliable and affordable electricity in Madhya Pradesh: Pranav Adani

At the Regional Industry Conclave 2024 organized in Ujjain, Madhya Pradesh, Pranab Adani of Adani Group said, Hon’ble Chief Minister of Madhya Pradesh, Dr Mohan Yadav, Hon’ble Minister of MSME, Government of Madhya Pradesh, Shri Chetanya Kasyap, Hon’ble Chief Secretary of the Government of Madhya Pradesh, Ms Veena Rana, Hon’ble Principal Secretary of the Department of Industry Policy and Investment Promotion, Madhya Pradesh, Shri Raghwendra Kumar Singh, Hon’ble Managing Director of the Madhya Pradesh Industrial Development Corporation Limited, Shri Chandramauli Shukla, Distinguished Leaders, Administrators and Captains of Industry, and my dear friends, On this auspicious and important occasion today, I first want to express heartfelt gratitude to the energetic and esteemed Chief Minister of the state, Dr. Mohan Yadav, and your team. You have provided us with the opportunity to come to the land of the supreme deity, Lord Mahakal, through this investor summit.  I would like everyone to applaud and congratulate the Hon. Chief Minister with thunderous applause once.

I pay homage to the divine land of Ujjain. The knowledge bestowed by Lord Krishna in the form of the Bhagavad Gita five thousand years ago still guides us all today. Even Lord Krishna himself came to Ujjain, to the Sandipani Ashram, to acquire knowledge.

Madhya Pradesh is the heart of the country, and I have no hesitation in saying that the future belongs to Madhya Pradesh. Our successful Hon. Prime Minister, Mr. Narendra Modi, is working hard to take this nation to the pinnacle of glory.  It is clearly visible that under the leadership of Dr. Mohan Yadav, Madhya Pradesh will play a significant role in fulfilling this commitment.

I am excited to share the confidence of our nation’s business community that you will enable more growth and prosperity for Madhya Pradesh than ever before. And assembled here today are the some of our nation’s brightest business minds – the team that will build on your vision to transform Madhya Pradesh into India’s ‘Mukhya Pradesh’.

Looking at the range of supportive multi-sectoral policies, schemes and reforms that your government is now pushing forward, it is clear that the infinite potential of Madhya Pradesh is rapidly emerging into the light. I see infinite possibilities for infinite growth – especially in energy and infrastructure – and the Adani Group is excited about investing in Madhya Pradesh.

Hon’ble Chief Minister, Currently, our presence in Madhya Pradesh spans a wide range of sectors – from roads, cement and natural resources to thermal power, renewable energy and power transmission. Our cumulative investment in the state amounts to almost Rs 18,000 crore – and we have created almost 11,000 employment opportunities across the state.  I am delighted to announce that not only will the Adani Group continue investing in these diverse sectors but we will also more than double our investment in Madhya Pradesh, and contribute in our own humble way to the state’s all-round development. Our faith in your visionary leadership will see us investing close to Rs 75,000 crore in Madhya Pradesh. Of this, Rs 5,000 crore will be utilized to build the Mahakaal Expressway from this great city Ujjain, to Bhopal, through Indore.

We will also invest another Rs 5,000 crore to set up a 4-million-tons-per-annum clinker unit in Chorgadi and two cement grinding units, in Dewas and Bhopal, with a combined capacity of 8-million-tons-per-annum. In the natural resources sector, we will invest over Rs 4,000 crore – and another Rs 600 crore to expand our presence in food processing, logistics and agri-logistics, and defence manufacturing.   Our investment in fuel distribution, which includes CGD, LNG, EV and BIO, will exceed Rs 2,100 crore, the bulk of which will be used to strengthen our city gas distribution network in 5 geographical areas: Bhind, Burhanpur, Anuppur, Tikamgarh and Alirajpur.

The Adani Group’s biggest investment will be in enhancing your state’s access to plentiful, reliable and affordable power. We will invest close to Rs 30,000 crore to ramp up the power generation capacity, at our Mahan Energen plant in Singrauli, from its current 1,200 megawatts to a massive 4,400 megawatts. We will also invest close to Rs 28,000 crore to set up 3410 MW capacity Pumped Storage Projects. In all, our total planned investment of nearly Rs 75,000 crore will generate over 15,000 direct and indirect employment opportunities in a wide variety of industrial sectors across Madhya Pradesh.

The vision of our Honourable Prime Minister Shri Narendra Modi-ji is reflected in your ambitious growth and development plans for Madhya Pradesh.  I believe I speak for everyone present here today that, under your decisive and inspiring leadership, this state will accelerate faster than ever before on its mission of transformation, industrial development and prosperity-for-all. The Adani Group is privileged to be a part of this incredible journey you are leading.