Business

Uttar Pradesh Chief Secretary, Karan Adani Discuss Investment Push To Boost State’s Economy

Uttar Pradesh Chief Secretary Manoj Kumar Singh met Karan Adani, Managing Director of Adani Group, on Wednesday. They discussed how to help the state become a more inclusive and dynamic economy.

Singh, a 1988-batch IAS officer, shared the update on the social media platform.

Taking to X, he posted, “Today, I met with Mr Karan Adani, Director, Adani Group. On this occasion, we had an in-depth discussion on the potential role of the Adani Group in advancing Uttar Pradesh towards an inclusive and dynamic economy.”

The Adani Group has previously committed to investing more in the state. The group believes Uttar Pradesh holds major investment opportunities.

Adani Group plans ₹70,000 crore investment in UP

In 2022, at the Uttar Pradesh Investors Summit, the group announced plans to invest ₹70,000 crore. The investment aims to create at least 30,000 jobs in the state.

Last month, the UP Cabinet approved a power purchase agreement between Uttar Pradesh Power Corporation Limited (UPPCL) and Adani Power Limited (APL). The deal secures 1,600 MW of power supply for 25 years.

APL won the bid in a competitive process held in October 2024. A new thermal power plant will be set up in the state to supply the power.

Adani Group wins energy storage project in Sonbhadra

In February 2025, Adani Saur Urja (LA) Limited secured a major contract from UPPCL. The firm, a subsidiary of Adani Green Energy, will set up an energy storage project.

The project, Panaura PSP, will be located in the Sonbhadra district. It will be completed within six years.

The annual fixed cost for the project is ₹76,53,226 per MW, excluding taxes. The agreement will stay in effect for 40 years from the project’s commercial operation date.

The state government and Adani Group continue to work together on infrastructure, power, and job creation.

Also Read: Adani’s Haifa Port Survives Missile Barrage Unscathed, Cargo Flow Unaffected

Ajaypal Choudhary

Recent Posts

PM Modi Calls For Atmanirbhar Resolve Through Swadeshi Shopping

Prime Minister Narendra Modi called on citizens to embrace Swadeshi and take a pledge to…

2 hours ago

PM Modi Hails RSS’s Century Of Service, Says ‘Nation First’ Always Paramount

PM Modi hailed the RSS’s century-long journey, praising its patriotism, service, and ‘nation first’ principle.

2 hours ago

PM Modi Announces Rs 2 Lakh Ex-Gratia For Karur Stampede Victims

Prime Minister Modi announced financial assistance of Rs 2 lakh for the families of Karur…

3 hours ago

Embrace Swadeshi, Buy Khadi: PM Modi Sends Gandhi Jayanti Message

PM Modi, in the 126th episode of 'Mann Ki Baat', called on citizens to adopt…

3 hours ago

PM Modi Praises Indian Navy Officers For Completing ‘Navika Sagar Parikrama’

PM Modi lauded Navy officers Lieutenant Commanders Dilna and Roopa for completing the ‘Navika Sagar…

3 hours ago

Chhath Puja Could Join UNESCO Intangible Cultural Heritage List, Says PM Modi

During his latest address on ‘Mann Ki Baat’, PM Modi highlighted India’s initiative to nominate…

4 hours ago