Must Read

Adani Group to invest Rs 75,000 cr in Madhya Pradesh, says Pranav Adani

By IndianMandarins- 01 Mar 2024
4370

adani-group-to-invest-rs-75-000-cr-in-madhya-pradesh-says-pranav-adani

Ujjain (01.03.2024): Managing Director (Agro, Oil & Gas) and Director of Adani Enterprises Pranav Adani participated and addressed Regional Industry Conclave 2024, at the inaugural session in Ujjain, Madhya Pradesh. The investment summit in Madhya Pradesh is an attempt to draw investment from various sectors. Madhya Pradesh Chief Minister Dr Mohan Yadav was present at the inaugural ceremony.
Currently, the presence of Adani Group in Madhya Pradesh spans a wide range of sectors – from roads, cement and natural resources to thermal power, renewable energy and power transmission with a cumulative investment of almost Rs 18,000 crore. This has created almost 11,000 employment opportunities across the state. “I am delighted to announce that not only will the Adani Group continue investing in these diverse sectors but we will also more than double our investment in Madhya Pradesh, and contribute in our own humble way to the state’s all-round development,” said Pranav Adani. 
Praising Madhya Pradesh Chief Minister Dr Mohan Yadav’s vision to transform Madhya Pradesh into India’s ‘Mukhya Pradesh’ Pranav Adani said, “Our faith in your visionary leadership will see us investing close to Rs 75,000 crore in Madhya Pradesh. Of this, Rs 5,000 crore will be utilized to build Mahakaal Expressway from Ujjain to Bhopal via Indore. We will also invest another Rs 5,000 crore to set up 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.”
“In the natural resources sector, we will invest over Rs 4,000 crore – and another Rs 600 crore to expand our presence in food processing, logistics and agri-logistics, and defence manufacturing. Our investment in fuel distribution, which includes CGD, LNG, EV and BIO, will exceed Rs 2,100 crore, the bulk of which will be used to strengthen our city gas distribution network in 5 geographical areas: Bhind, Burhanpur, Anuppur, Tikamgarh and Alirajpur,” he said.
The Adani Group’s biggest investment will be in enhancing state’s access to plentiful, reliable and affordable power. The group will invest close to Rs 30,000 crore to ramp up the power generation capacity, at Mahan Energen plant in Singrauli, from its current 1,200 megawatts to a massive 4,400 megawatts. The company will also invest close to Rs 28,000 crore to set up 3410 MW capacity Pumped Storage Projects. 
“In all, our total planned investment of nearly Rs 75,000 crore will generate over 15,000 direct and indirect employment opportunities in a wide variety of industrial sectors across Madhya Pradesh,” Pranav Adani said.
CM Dr Mohan Yadav, Minister of MSME Chetanya Kasyap, Chief Secretary of Madhya Pradesh Veena Rana, Principal Secretary of the Department of Industry Policy and Investment Promotion Raghwendra Kumar Singh and Managing Director of the Madhya Pradesh Industrial Development Corporation Limited Chandramauli Shukla were present on the occasion.

free stat counter