Adani Group & Andhra Govt signs Mou for Rs 60,000 cr investment

26 May 2022 CW Team

The Adani Group signed a Memorandum of Understanding (MoU) with the government of Andhra Pradesh for an investment of Rs 60,000 crore by Adani Green Energy in the state.

Approximately 10,000 people will be employed directly and indirectly as a result of the project.

In Andhra Pradesh, Adani Green Energy Ltd (AGEL) will build a 3,700 MW hydro storage plant and a 10,000 MW solar energy project.

According to the media sources, the MoU was signed at the AP Pavilion in the presence of Chief Minister Jagan Mohan Reddy and Adani Group Chairman Gautam Adani.

Adani Green Energy is one of India's largest renewable energy firms, with a portfolio of 20,284MW.

Utility-scale grid-connected solar and wind farm projects are developed, owned, operated, and maintained by the firm.

Gautam Adani, chairman of the Adani Group, stated that the company plans to invest $20 billion in renewable energy by 2031 and triple its clean energy producing capacity by 2025.

Adani Group also plans to invest more than 75% of its capital spending on green technology over the next three years.

Image Source

Also read: Himachal Pradesh invites bids for 27 hydro projects

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..