Adani Group: Pranav Adani plans to spend Rs. 75,000 crore in Madhya Pradesh

More than 15,000 employment will be created in Madhya Pradesh as a result of the Adani Group’s planned Rs 75,000 crore investment in a variety of industries, including cement, highways, electricity, and natural resources. The firm has been investing extensively across the nation’s states, mostly to build infrastructure in a variety of industries.

The company plans to increase its power generating capacity at the Mahan Energen facility in Singrauli by investing almost Rs 30,000 crore, its largest ever in the state. From the current 1,200 MW, the capacity would be increased to 4,400 MW. Additionally, it plans to spend almost Rs 28,000 crore to establish 3,410 MW of pumped storage facilities.

The government is now implementing a number of supporting multi-sectoral policies, plans, and reforms, and it is evident from these that Madhya Pradesh’s boundless potential is quickly coming to light. The Adani Group is thrilled to be investing in Madhya Pradesh, and I see endless opportunities for expansion, particularly in the energy and infrastructure sectors,” said Pranav Adani, managing director of Adani Enterprises (AEL) and director of agro, oil, and gas.

The flagship company of the Adani Group, AEL, operates in 11 countries and is present in the power, energy, and logistics sectors.

A four-million-tonne-per-annum (MTPA) clinker factory at Chorgadi and two cement grinding mills with a combined capacity of eight MTPA each are planned to be established with an investment of Rs 5,000 crore. More than Rs 5,000 crore will be spent on constructing the Mahakaal Expressway, which would connect Ujjain and Bhopal via Indore. Adani said during his speech at the Madhya Pradesh Regional Industry Conclave in Ujjain.

The firm plans to spend more than Rs 4,000 crore in the natural resources sector and an additional Rs 600 crore to increase its position in food processing, agri-logistics, logistics, and defense manufacturing. Additionally, it would invest Rs 2,100 crore in the fuel distribution industry, which covers biogas, liquefied natural gas, city gas distribution (CGS), and electric vehicles.

The majority of this will go toward enhancing the CGS network in Alirajpur, Bhind, Burhanpur, Anuppur, and Tikamgarh. The duration of these investments, meanwhile, was not made public right once.

The firm has invested about Rs 18,000 crore in the state overall, covering everything from thermal power, renewable energy, and power transmission to highways, cement, and natural resources. In the state, the organization has produced over 11,000 new job possibilities.

The Adani Group had already announced intentions to spend Rs 1 trillion in Karnataka over the next seven years, while earlier in January, chairman Gautam Adani pledged a ₹2 trillion investment in Gujarat over the next five years.

The firm had previously said in October that it will spend Rs 60,000 crore in Odisha over the next ten years and Rs 65,000 crore in Rajasthan over the course of five to seven years.