On the second day of Global Investors Meet 2024, held here on Monday, diversified conglomerate Adani Group announced investment commitments totaling Rs.d.
At the closing ceremony of the occasion hosted by the DMK party government in power, there were memorandum signings between Adani Group and the state government headed by Chief Minister M K Stalin, Industries minister TRB Rajaa, officers from Adani Ports & Special Economic Zone including its Managing Director Karan adani at.
One of the big ticket investments secured by state government is from Adani Group.
Adani Group said in a company statement that the largest of all investments made would be Rs 24,500 crore by Adami Green Energy Ltd., which will pump storage projects.” The invest will take place over five to seven years.
Secondly, Adani ConneX Mumbai, a hyper-scale data center provider of the Group, would invest Rs 13.20 bn in setting up one data center and Ambuja Cements Srldevi India (a member of ofAdanigroup) committed an investment during July for establishing three cement grinding units in Gujarat -EPC + OM “The statement said Adani Total Gas Ltd would invest Rs 1,568 crore in the next eight years.
Adani said,
“ Today’s Tamil Nadu is a shining epitome of stability, an industrial ecosystem that has been well established and firmly integrated with all the major global industries solid infrastructure links- both physical as well digital total connectivity safe neighborhoods business-friendly policies, etc.”
“His (Stalin’s) endeavor to convert Tamil Nadu into a socio-economic wonder has attracted more and more business houses for investment in this state – Adani Group is lucky enough, one of them,”
he continued.
Has Adani Group ventured into Tamil Nadu’ It has operations in various sectors such as ports and logistics, edible oil, power transmission, city gas distribution, data centers, green energy, and cement manufacturing?
The Adani Group in Tamil Nadu spans a wide range of sectors, including ports and logistics, edible oil to power transmission, city gas distribution, data centers, totigreen energy, and cement production. Adani Ports and Special Economic Zone runs the Kattupalli and Ennore ports close to Chennai, investing Rs 3733 crore so far.
On Adani Green Energy Ltd, which will undertake three pump storage projects, the company stated that “ it is bidding for capacity of 4,900 MW installed through facilities in respectively Thenmalai , Alleri and Aliyar (in Tamil Nadu). The statement added that the project will create 4,400 jobs in the region.
During Global Investors Meet 2024, different multinationals committed Rs.6 lakh crore in investments to Tamil Nadu for varied sectors. 26.90 lakh jobs would be created by the investments in the state.
Disclaimer – We have collected this information from various trustworthy sources on the Internet, and the facts have been checked manually and verified by our In House team.
