1 / 5

Adani Bets Big on Tamil Nadu with Rs. 42,000 Crore Investment Spree

Adani Group was signed in the presence of Chief Minister MK Stalin, Adani Ports and Special Economic Zone Managing Director Karan Adani, and Minister for Industries, TRB Rajaa. This was a huge step taken up by the Adani Group after the Supreme Court dismissed allegations of Adani scam.

adanicase
Download Presentation

Adani Bets Big on Tamil Nadu with Rs. 42,000 Crore Investment Spree

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. ADANI BETS BIG ON TAMIL NADU WITH RS. 42,000 CRORE INVESTMENT SPREE

  2. At an event which was organized by the ruling government, DMK, a memorandum of understanding between the state government and the Adani Group was signed in the presence of Chief Minister MK Stalin, Adani Ports and Special Economic Zone Managing Director Karan Adani, and Minister for Industries, TRB Rajaa. This was a huge step taken up by the Adani Group after the Supreme Court dismissed allegations of Adani scam.

  3. Adani Bets Big on Tamil Nadu with Rs. 42,000 Crore Investment Spree The biggest investment was made by Adani Green Energy Limited in three pump storage projects which will be undertaken throughout 5 to 7 years. An investment of INR 24,500 crore out of the total INR 42,700 crore will be made in this project, said one of the officials from the Adani Group. The company is targeting a total capacity of 4,900 MW through various facilities built across Alleri, Aliyar, and Thenmalai.

  4. AdaniConneX, the hyper-scale data center by the Adani Group, is planning to invest INR 13,200 crore in setting up a data center in the state. This will again lead to extraordinary technical advancements in the state. It would make Tamil Nadu a technical hub in the near future. The various technological activities will boost up, leading to an enormous prosperity of Tamil Nadu. The industrial operations will also be triggered. Ambuja Cements, which is again a major company operating under the Adani Group, has committed to investing INR 3,500 crore to establish three cement grinding units in Tamil Nadu. The building of cement grinding units is seen as a strategic move by the Adani Group to expand its hold over the cement and material production sector. It will lead to enhanced infrastructural activities in the state. The Adani Group will no longer have to depend on other organisations for cement supply to carry out various infrastructural projects.

  5. THANK YOU

More Related