Adani Group Pledges Rs.75,000 Crore for Madhya Pradesh Growth
ECONOMY & POLICY

Adani Group Pledges Rs.75,000 Crore for Madhya Pradesh Growth

In a bid to propel industrial and economic development in Madhya Pradesh, Pranav Adani, the Managing Director of Adani Enterprises, made a groundbreaking announcement of a colossal investment plan by the Adani Group in the state. During the inaugural session of the Regional Industry Conclave held in Ujjain, Adani disclosed the conglomerate's commitment to infuse nearly ?75,000 crore across various sectors in Madhya Pradesh.

Adani highlighted, "Our cumulative investment in the state amounts to almost ?18,000 crore ? and we have created almost 11,000 employment opportunities across the state," underscoring the group's steadfast dedication to the state's progress. The planned investments aim to significantly expand the group's presence in Madhya Pradesh, focusing on key sectors including roads, cement, natural resources, thermal power, renewable energy, and power transmission.

Specific projects unveiled by Pranav Adani include an investment of ?5,000 crore to construct the Mahakaal Expressway connecting Ujjain with Bhopal via Indore. Additionally, the group intends to establish 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, entailing another ?5,000 crore investment.

In the natural resources sector, the Adani Group plans to channel over ?4,000 crore, alongside ?600 crore towards expanding its operations in food processing, logistics, agri-logistics, and defence manufacturing. The investment strategy also includes allocating more than ?2,100 crore to fuel distribution projects, primarily focusing on enhancing the city gas distribution network across five geographical areas in the state.

The centerpiece of Adani's announcement was the group's ambitious plan to invest close to ?30,000 crore to augment the power generation capacity of its Mahan Energen plant in Singrauli from 1,200 megawatts to 4,400 megawatts. Furthermore, an investment of approximately ?28,000 crore is earmarked for setting up 3,410 MW capacity pumped storage projects.

These investments are anticipated to generate over 15,000 direct and indirect employment opportunities in Madhya Pradesh, thereby significantly bolstering the state's industrial and economic landscape. "The Adani Group is privileged to be a part of this incredible journey you are leading," expressed Adani, reaffirming the group's unwavering commitment to the state's development under the visionary leadership of Madhya Pradesh Chief Minister, Dr. Mohan Yadav, and the guidance of Prime Minister Narendra Modi.

In a bid to propel industrial and economic development in Madhya Pradesh, Pranav Adani, the Managing Director of Adani Enterprises, made a groundbreaking announcement of a colossal investment plan by the Adani Group in the state. During the inaugural session of the Regional Industry Conclave held in Ujjain, Adani disclosed the conglomerate's commitment to infuse nearly ?75,000 crore across various sectors in Madhya Pradesh. Adani highlighted, Our cumulative investment in the state amounts to almost ?18,000 crore ? and we have created almost 11,000 employment opportunities across the state, underscoring the group's steadfast dedication to the state's progress. The planned investments aim to significantly expand the group's presence in Madhya Pradesh, focusing on key sectors including roads, cement, natural resources, thermal power, renewable energy, and power transmission. Specific projects unveiled by Pranav Adani include an investment of ?5,000 crore to construct the Mahakaal Expressway connecting Ujjain with Bhopal via Indore. Additionally, the group intends to establish 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, entailing another ?5,000 crore investment. In the natural resources sector, the Adani Group plans to channel over ?4,000 crore, alongside ?600 crore towards expanding its operations in food processing, logistics, agri-logistics, and defence manufacturing. The investment strategy also includes allocating more than ?2,100 crore to fuel distribution projects, primarily focusing on enhancing the city gas distribution network across five geographical areas in the state. The centerpiece of Adani's announcement was the group's ambitious plan to invest close to ?30,000 crore to augment the power generation capacity of its Mahan Energen plant in Singrauli from 1,200 megawatts to 4,400 megawatts. Furthermore, an investment of approximately ?28,000 crore is earmarked for setting up 3,410 MW capacity pumped storage projects. These investments are anticipated to generate over 15,000 direct and indirect employment opportunities in Madhya Pradesh, thereby significantly bolstering the state's industrial and economic landscape. The Adani Group is privileged to be a part of this incredible journey you are leading, expressed Adani, reaffirming the group's unwavering commitment to the state's development under the visionary leadership of Madhya Pradesh Chief Minister, Dr. Mohan Yadav, and the guidance of Prime Minister Narendra Modi.

Next Story
Building Material

JSW Steel and POSCO to Invest ?650 Billion in Odisha Steel Plant

India's JSW Steel and South Korea's POSCO have announced plans to jointly invest ?650 billion (~$7.73 billion) in constructing a steel plant in Odisha. The plant, which will have an initial capacity of 5 million tons of steel annually, is part of their strategy to tap into India's rapidly growing steel market, fueled by its fast-paced economic expansion. The cooperation agreement was signed last week, although specific financial details were not disclosed. The initial investment for the project will be ?200 billion, with the plant expected to be operational by next year. Over the following thr..

Next Story
Infrastructure Urban

India's EV Charging Market Set to Reach $3.7 Billion by 2030

India’s electric vehicle (EV) charging market is projected to grow to $3.7 billion by 2030, driven by increasing EV adoption and the need for efficient charging solutions. The sector is expected to expand at a compound annual growth rate (CAGR) of 16%, supported by environmental concerns and fluctuating fuel prices. Globally, the EV charging infrastructure market is also experiencing significant growth, with revenues forecast to surge from $25.9 billion in 2023 to $164 billion by 2030, reflecting a CAGR of approximately 12%. "Fast-charging technologies and battery-swapping solutions are esse..

Next Story
Resources

IIA Kerala to host SRC 2024 on November 29-30

The Southern Regional Conference (SRC) 2024, hosted by The Indian Institute of Architects (IIA) Kerala Chapter and organised by IIA Kannur Centre, will take place on November 29-30, 2024 at Vythiri Village Resort in Wayanad. This prestigious conference will bring together visionary architects from across the country  and beyond to foster a rich dialogue and exchange of innovative ideas in the field of architecture.The Southern Regional Conference serves as a premier platform for professional development, knowledge sharing, and networking within the architectural community. This year’s t..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000