Adani Group commits over Rs 427 bn investment in Tamil Nadu

10 Jan 2024 CW Team

Present at the MoU signing were Tamil Nadu Chief Minister MK Stalin, State Industries Minister TRB Rajaa, and Karan Adani, the Managing Director of Adani Ports and Special Economic Zone. Cabinet Ministers, along with Secretaries from various government departments, were also in attendance.

Adani Connex is set to invest Rs 132 billion in a hyperscale data center over the next seven years. Additionally, Ambuja Cements will channel Rs 35 billion into three cement grinding units within the next five years, while Adani Total Gas plans a Rs 15.68 billion investment over the span of eight years.

Karan Adani emphasised Tamil Nadu's remarkable stability, well-established industrial ecosystem, advanced infrastructure, connectivity, safety, business-friendly policies, and a diverse and highly-skilled workforce. He praised Chief Minister MK Stalin's efforts to transform Tamil Nadu into a socio-economic powerhouse, attracting numerous business houses, including the privileged participation of the Adani Group.

The Adani Group's influence in Tamil Nadu extends across diverse sectors, including ports and logistics, edible oil, power transmission, city gas distribution, data centres, green energy, and cement manufacturing.

Adani Ports and Special Economic Zone presently operates Kattupalli and Ennore Ports, with a total investment of Rs 37.33 billion in Tiruvallur district. Adani Green Energy's investment will focus on pump storage plants and hydroelectric energy storage systems, targeting a total capacity of 4,900 MW.

The Adani-EdgeConnex data centre, already serving Chennai's IT industry, will undergo a significant expansion to a 200 MW capacity with a Rs 132 billion investment, becoming one of India's largest single-location investments in digital infrastructure.

Ambuja Cements and ACC's initial investment of Rs 5.5 billion will see further expansion to 14 million metric tonnes with a Rs 35 billion investment, generating over 5,000 direct and indirect job opportunities.

Adani Total Gas, catering to the city gas distribution needs of Cuddalore and Tiruppur districts, plans to amplify its investment more than nine-fold, extending services in city gas distribution, liquefied natural gas for mining and trucks, and electric vehicles.

The Adani Group inked memorandums of understanding (MoUs), committing to investments exceeding Rs 427 billion in Tamil Nadu at the Global Investors Meet 2024. The largest share, amounting to Rs 245 billion, will be contributed by Adani Green Energy towards the development of three pump storage projects (PSP) over the next 5-7 years. Present at the MoU signing were Tamil Nadu Chief Minister MK Stalin, State Industries Minister TRB Rajaa, and Karan Adani, the Managing Director of Adani Ports and Special Economic Zone. Cabinet Ministers, along with Secretaries from various government departments, were also in attendance. Adani Connex is set to invest Rs 132 billion in a hyperscale data center over the next seven years. Additionally, Ambuja Cements will channel Rs 35 billion into three cement grinding units within the next five years, while Adani Total Gas plans a Rs 15.68 billion investment over the span of eight years. Karan Adani emphasised Tamil Nadu's remarkable stability, well-established industrial ecosystem, advanced infrastructure, connectivity, safety, business-friendly policies, and a diverse and highly-skilled workforce. He praised Chief Minister MK Stalin's efforts to transform Tamil Nadu into a socio-economic powerhouse, attracting numerous business houses, including the privileged participation of the Adani Group. The Adani Group's influence in Tamil Nadu extends across diverse sectors, including ports and logistics, edible oil, power transmission, city gas distribution, data centres, green energy, and cement manufacturing. Adani Ports and Special Economic Zone presently operates Kattupalli and Ennore Ports, with a total investment of Rs 37.33 billion in Tiruvallur district. Adani Green Energy's investment will focus on pump storage plants and hydroelectric energy storage systems, targeting a total capacity of 4,900 MW. The Adani-EdgeConnex data centre, already serving Chennai's IT industry, will undergo a significant expansion to a 200 MW capacity with a Rs 132 billion investment, becoming one of India's largest single-location investments in digital infrastructure. Ambuja Cements and ACC's initial investment of Rs 5.5 billion will see further expansion to 14 million metric tonnes with a Rs 35 billion investment, generating over 5,000 direct and indirect job opportunities. Adani Total Gas, catering to the city gas distribution needs of Cuddalore and Tiruppur districts, plans to amplify its investment more than nine-fold, extending services in city gas distribution, liquefied natural gas for mining and trucks, and electric vehicles.