Business

Adani Group Unveils Rs 60,000 Crore Investment To Boost Chhattisgarh’s Power And Cement Sectors

In a bold move to strengthen Chhattisgarh’s industrial landscape, the Adani Group has committed to a massive Rs 60,000 crore investment to expand its power generation infrastructure in the state.

The announcement came during a key meeting between Gautam Adani, Chairman of the Adani Group, and Chhattisgarh’s Chief Minister, Shri Vishnu Deo Sai. The meeting, shared via social media by the Chief Minister’s Office (CMO), revealed that the expansion would significantly increase the state’s power capacity.

The Adani Group plans to enhance its power plants in Raipur, Korba, and Raigarh. This expansion is expected to add 6,120 MW to Chhattisgarh’s total power generation capacity, reinforcing the state’s position as a vital energy hub.

Also Read: Foreign Investment In Indian Real Estate Soars In 2024; Led by Singapore, US, And Canada

Beyond the power sector, Gautam Adani also pledged an investment of Rs 5,000 crore for the development of the group’s cement plants in the region. This additional commitment aims to further bolster Chhattisgarh’s industrial growth.

In a move to support social development, Adani assured the state government of a Rs 10,000 crore contribution over the next four years. These funds will be directed towards initiatives in education, healthcare, skill development, and tourism, under the group’s Corporate Social Responsibility (CSR) programs.

The discussions also touched upon new opportunities for collaboration, including the potential to manufacture defense-related equipment, as well as establish data centers and a Global Capability Centre in the state. These projects are expected to not only contribute to the region’s economic growth but also create new job opportunities.

Adani Power Limited (APL), a key player in the Adani Group, currently holds the title of India’s largest private thermal power producer. With a capacity of 15,250 MW across various states, including Chhattisgarh, APL’s footprint in the energy sector is set to expand further, bringing transformative change to the region.

This investment underscores Adani Group’s long-term commitment to Chhattisgarh’s growth, creating a ripple effect that could redefine the state’s economic landscape for years to come.

Shibra Arshad

Recent Posts

Sirens Echo Across Jammu As ‘blasts’ Trigger Blackout; CM Omar Abdullah Posts Urgent Advisory On Social Media

Jammu city plunged into darkness late Friday evening after a series of loud blasts echoed…

7 hours ago

Daniel Pearl’s Father Slams Pakistan, Questions State’s Mourning Of Terrorist

Daniel Pearl’s father reacted strongly to reports of Pakistani officials attending Azhar’s funeral. “I wish…

7 hours ago

PM Modi Takes Stock Of ‘Operation Sindoor’ In Huddle With Doval, 3 Service Chiefs, Veterans

Prime Minister Narendra Modi on Friday held a high-level meeting with Defence Minister Rajnath Singh,…

8 hours ago

Pakistan’s Misinformation Campaign Unravels After Failed Drone Strike Denials

Pakistan in the beginning claimed to shoot down Indian drones. Then, they said drones were…

9 hours ago

UP Government Moves Ahead With Discom Privatisation To Boost Power Sector Efficiency

The biggest gains from privatisation are expected in rural and semi-urban areas, where electricity supply…

10 hours ago

Adani Foundation Powers Model Solar Village In Amethi Under PM Surya Ghar Yojana

The cost of a 1 kW plant is ₹65,000. With ₹45,000 from the government and…

11 hours ago