Madhya Pradesh: Adani Group to invest Rs. 75,000 crore in diverse sectors
Virendra Pandit
Gandhinagar: The Adani Group will invest about Rs 75,000 crore in Madhya Pradesh in power plants, building the Mahakaal Expressway, and setting up cement grinding units, among other sectors, in the coming years.
The apples-to-airport group has already invested almost Rs 18,000 crore in the state and will continue investing in diverse sectors, said Pranav Adani, Managing Director (Agro, Oil and Gas) and Director of Adani Enterprises at the Regional Industry Conclave held at Ujjain on Friday.
“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,” he said.
“Our faith in your (Chief Minister Mohan Yadav’s) visionary leadership will see us investing close to Rs 75,000 crore in Madhya Pradesh,” Adani added.
The Adani Group will invest Rs 5,000 crore in building the Mahakaal Expressway from Ujjain to Bhopal, through Indore.
“We will also invest another Rs 5,000 crore to set up a 4-million-tonnes-per-annum clinker unit in Chorgadi and two cement grinding units, in Dewas and Bhopal, with a combined capacity of 8-million-tonnes-per-annum,” he said.
Besides, the conglomerate will invest Rs 4,600 crore to expand its presence in food processing, logistics, agri-logistics, and defense manufacturing.
Its investment in fuel distribution, including city gas distribution, LNG, EV, and biofuels, will be more than Rs 2,100 crore, the bulk of which will be used to strengthen CNG and piped cooking gas distribution network in Bhind, Burhanpur, Anuppur, Tikamgarh and Alirajpur in the state.
“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 MW.
“We will also invest nearly Rs 28,000 crore to set up 3,410 MW capacity pumped storage projects,” he said.
The planned Rs 75,000 crore worth of investments will generate over 15,000 direct and indirect employment opportunities in a wide variety of industrial sectors across Madhya Pradesh.
