Adani Group signs MoUs to invest Rs 42,700 crore in Tamil Nadu
THE JHARKHAND STORY DESK New Delhi, Jan 9: At the Global Investors Meet 2024, the Adani Group signed Memorandums of Understanding…
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THE JHARKHAND STORY DESK
New Delhi, Jan 9: At the Global Investors Meet 2024, the Adani Group signed Memorandums of Understanding (MoUs) with Tamil Nadu for investments exceeding Rs 42,700 crore.
Over the next five to seven years, Adani Green Energy Ltd. would invest the largest portion, Rs 24,500 crore, on three pump storage projects (PSP).
Over the next seven years, Adani Connex plans to invest Rs 13,200 crore in a hyperscale data centre, and Ambuja Cements will spend Rs 3,500 crore to build three cement grinding machines within the next five years. Over an eight-year period, Adani Total Gas Ltd intends to invest Rs 1,568 crore.
The Adani Group has a broad footprint in Tamil Nadu, encompassing edible oil, power transmission, data centres, city gas distribution, ports and logistics, cement manufacturing and green energy.
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Karan Adani hails industrial eco-system of Tamil Nadu
The Managing Director of Adani Ports and Special Economic Zone, Karan Adani, as well as Tamil Nadu Chief Minister MK Stalin and State Industries Minister TRB Rajaa were present for the signing of the Memorandum of Understanding. Attendees included cabinet ministers and secretaries from several government ministries.
Karan Adani commended the stability of Tamil Nadu, its well-established industrial ecosystem, advanced infrastructure, connectivity and business-friendly policies. He credited Chief Minister MK Stalin for his initiatives aimed at elevating Tamil Nadu to a socio-economic powerhouse.
“Today’s Tamil Nadu is a standout example of stability, a well-established industrial ecosystem, advanced infrastructure, total connectivity, safe and secure neighbourhoods, business-friendly policies with an able and efficient team of officers, and a diverse and highly-skilled workforce with more women in the ranks than anywhere else in the country!” Karan Adani said.
