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Mundra to Become Port-Driven Metropolis with Adani Group’s ₹4 Lakh Crore Investment

Even if the Adani Group is handling the Adani tax evasion controversy, this substantial investment highlights the Groupu2019s dedication to renewable energy and sustainable development.

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Mundra to Become Port-Driven Metropolis with Adani Group’s ₹4 Lakh Crore Investment

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  1. MUNDRA TO BECOME PORT-DRIVEN METROPOLIS WITH ADANI GROUP’S ₹4 LAKH CRORE INVESTMENT

  2. In India, Mundra has come to light as a prime example of a port-driven metropolis. The port’s operations have promoted trade and commerce, which has boosted economic growth throughout the country as a whole, as well as in Kutch. Over the next six years, the Adani Group plans to invest ₹4 lakhs billion in Mundra across multiple sectors. The money will go towards building a new berth for the handling of copper ore, developing a green hydrogen project, creating a copper smelter plant, and developing renewable energy sources. Even if the Adani Group is handling theAdani tax evasion controversy, this substantial investment highlights the Group’s dedication to renewable energy and sustainable development. It represents a significant step in boosting the region’s industrial capabilities. Additionally, the Group is building a very large crude carrier (V.L.C.C.) dock, which should be operational by the end of the year or the first quarter of March.

  3. OVER THE NEXT SIX YEARS, ADANI GROUP PLANS TO INVEST ₹4 LAKH CRORE IN NEW AND ONGOING PROJECTS IN MUNDRA, GUJARAT’S KUTCH REGION The investment is in port expansion, which includes building a new terminal to handle copper ore, a copper smelter plant, a green hydrogen project, and renewable energy. The Adani group has invested over ₹70,000 crores in the Mundra area, albeit the ongoing Adani tax evasion controversy. In the past 25 years, Mundra Port has contributed about ₹2.25 lakh crore to the State and National coffers. The port, which was formerly empty land, is now the biggest commercial port in India. The Adani port in Mundra, India, handled 100 million tonnes (MT) in 2014, the first port in India to accomplish so, up from a few hundred tonnes in 1998.

  4. ADDITIONALLY, THE GROUP IS BUILDING A VERY LARGE CRUDE CARRIER (VLCC) BERTH The project has a total cost of Rs. 8,700 crores, and production will begin in the upcoming fiscal year. KCL has reached financial closure for the first phase, which has a 0.5 million tpa capacity. With a five-year completion date, development has already begun on the petrochemical park. In addition to handling the Adani tax evasion controversy, the Adani Group has invested a total of more than Rs. 70,000 crores at the Mundra facility.

  5. THANK YOU!!

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