Adani Group has signed an MoU to invest more than Rs 42,700 crore in Tamil Nadu.
These MoUs were signed in the presence of Chief Minister MK Stalin, Industries Minister TRB Raja and Adani Ports and Special Economic Zone Managing Director Karan Adani at the state’s Global Investors Meet 2024 held in Chennai on Monday.
Adani Group’s big investment in Tamil Nadu
- The biggest investment of Rs 24,500 crore by Adani Green Energy Ltd. will be made in three pumped storage projects in the next 5-7 years. The target is to increase its capacity to 4,900 MW by setting up facilities at Thenmalai, Alleri and Aliyar. This project will create more than 4,400 employment opportunities.
- Adani Connex will invest Rs 13,200 crore in hyper scale data centers in the next seven years. Currently it operates an advanced 33 MW capacity data center in SIPCOT IT Park, Chennai, the company plans to increase it to 200 MW.
- Ambuji Cements Ltd. will invest Rs 3,500 crore in three cement grinding units in the next five years, which will increase production to 14 million tonnes. These plants will create more than 5,000 direct and indirect employment opportunities in Madukkarai, Kattupalli and Tuticorin.
- Adani Total Gas Ltd. will invest Rs 1,568 crore over eight years to expand into city gas distribution, mining, LNG for trucks and electric vehicles. At present, the company provides piped gas to more than 5,000 houses by laying more than 100 kilometers of pipelines with an investment of Rs 180 crore.
This is an extraordinary example: Karan Adani
Speaking on the occasion, Karan Adani said, ‘Today’s Tamil Nadu is characterized by stability, a well-established industrial ecosystem, advanced infrastructure, total connectivity, safe neighbourhoods, business friendly policies with an able and efficient team of executives and a diverse and highly skilled workforce comprising mostly women. Workforce is an extraordinary example.
From ports to power, Adani Group’s presence extends across a number of fast-growing sectors in Tamil Nadu, including ports and logistics, edible oil, power transmission, city gas distribution, data centres, green energy and cement manufacturing.
