Adani's Madhya Pradesh Mega-Play: Rs 1.1 Lakh Crore Power Surge

The Adani Group has announced plans to invest over Rs 1.1 lakh crore (USD 12.7 billion) in Madhya Pradesh, focusing on sectors such as pumped storage, cement, mining, smart meters, and thermal energy. This initiative is expected to create more than 120,000 jobs by 2030. Chairman Gautam Adani unveiled this investment at an investment summit, emphasizing the company’s dedication to fostering multi-sectoral growth in the state. Furthermore, discussions are underway with the state government regarding an additional Rs 1 lakh crore investment in a greenfield smart city, airport, and coal-gasification project.

The Group has already invested Rs 500 billion in the state, generating over 25,000 employment opportunities across diverse industries like energy, infrastructure, manufacturing, logistics, and agribusiness..

News by Rahul Yelligetti.