Gautam Adani’s BIG plan, announces Rs 65000 crore investment in THIS state, not Gujarat, Maharashtra

This expansion will enhance the state’s total power generation capacity by an additional 6,120 MW.

Gautam Adani is the second richest man in India with a net worth of USD 57 billion, as per Forbes. The billionaire continues to expand his business with investments in different Indian states. On Sunday, Adani announced an investment of Rs 65,000 crore in the Adani Group’s energy and cement projects in Chhattisgarh.

The decision came after Adani called on Chhattisgarh Chief Minister Vishnu Deo Sai. Adani met Sai at the latter’s official residence in Chhattisgarh capital Raipur, a statement issued by the state’s public relations department said.

During the meeting, Adani announced a planned investment of Rs 60,000 crore to expand the group’s power plants in Raipur, Korba and Raigarh in the state. This expansion will enhance Chhattisgarh’s total power generation capacity by an additional 6,120 MW, the statement said.

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Additionally, the Adani Group chairman also committed Rs 5,000 crore for the development and expansion of the group’s cement plants in the state, it said. On the advice of the CM, Adani also assured the state government of a Rs 10,000 crore impetus over the next four years to support initiatives in education, healthcare, skill development and tourism under the Corporate Social Responsibility (CSR) and beyond from the Adani Group, the statement said. The meeting also explored potential collaborations in manufacturing defence-related equipment and establishing data centres as well as a Global Capability Centre in Chhattisgarh, it said.

(With inputs from PTI)

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