The Adani Group will invest Rs.75,000 crore in Madhya Pradesh across various sectors such as cement, roads, energy and natural resources, a move that would generate more than 15,000 jobs. The group has been on an investment spree across various states in the country, mostly to develop infrastructure across sectors, cited news reports.
The group will invest close to Rs.30,000 crore, its biggest in the state, to ramp up its power generation capacity at the Mahan Energen plant in Singrauli. The capacity would be hiked to 4,400 megawatts (MW) from the present 1,200 MW. Further, it will also invest close to Rs.28,000 crore to set up 3,410 MW capacity of pumped storage projects.
AEL, the flagship firm of Adani Group, has presence in power, energy and logistics, with operations in India and 11 countries. A Rs.5,000-crore investment is earmarked to set up a 4-million tonne per annum (MTPA) clinker unit in Chorgadi and two cement grinding units, in Dewas and Bhopal, with a combined capacity of 8 MTPA. Another Rs.5,000 crore would be invested to build the Mahakaal Expressway from Ujjain to Bhopal, through Indore, Adani, who was speaking at the Madhya Pradesh Regional Industry Conclave in Ujjain, said.
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