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

05 Mar 2024 CW Team

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.