Adani Group to invest Rs 65K crore in Chhattisgarh projects
Adani Group will invest Rs 65,000 crore in energy and cement projects in Chhattisgarh, the conglomerate said Sunday.
Adani Group chairman Gautam Adani met Chhattisgarh Chief Minister Vishnu Deo Sai on Sunday and announced an investment of Rs 60,000 crore to expand the group's power plants in Raipur, Korba and Raigarh in the state. The expansion will enhance Chhattisgarh's power generation capacity by 6,120 MW, a company statement said.
Adani Power is India's top private thermal power producer. It is targeting to double its thermal power capacity to 30.67 GW by 2029-30 from 15 GW currently. The firm said last month it was exploring options of investing Rs 20,000 crore to set up a coal-fired ultra-supercritical thermal power plant in Bihar.
In Chhattisgarh, the Adani Group also committed Rs 5,000 crore for the development and expansion of its cement plants, as per the statement. Adani Cement has two integrated units in the state-at Bhatapara and Jamul-and has already announced expansion at the Bhatapara unit.
To support initiatives in the education, healthcare, skill development and tourism sectors under CSR, Adani assured a Rs 10,000 crore investment in the state over the next four years. The meeting also explored potential collaborations in manufacturing defence-related equipment and establishing data centres as well as a global capability centre in Chhattisgarh, the statement added.
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