Business

Adani Group to invest Rs 75,000 crore in Madhya Pradesh, Pranav Adani envisions boundless potential for growth

The Adani Group has pledged to invest up to Rs 75,000 crore in Madhya Pradesh, creating over 15,000 job opportunities. Pranav Adani, Director of Adani Enterprises, expressed the group’s commitment to big-ticket investments in sectors like energy and infrastructure, praising the state government’s conducive environment for growth.

Adani Group has already invested Rs 18,000 crore in Madhya Pradesh, creating over 11,000 job opportunities. They plan to double down on existing projects and launch new ones to boost growth. The group will invest in projects like the Mahakal Expressway, clinker unit in Chorgadi, cement grinding units in Dewas and Bhopal, natural resources, and a food processing center.

In an effort to make the state power-surplus, Adani Enterprises aims to invest Rs 30,000 crore to increase power generation capacity at the Mahan Energen plant and set up 3,410 MW capacity Pumped Storage Projects. The Regional Industry Conclave 2024 in Madhya Pradesh, inaugurated by Chief Minister Dr Mohan Yadav, aims to attract investments exceeding Rs 1 lakh crore with job opportunities for over 17,000 people.

IANS

IANS, established in 1986, is India's largest independent news service, offering 24x7 news from India and South Asia, and a preferred source for diverse content across six business verticals.

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