Adani Group pledges to invest Rs 49,000 cr in Gujarat
Wednesday, 11 Jan 2017
During the 8th Vibrant Gujarat Global Summit, multi-national conglomerate, Adani Group pledged to invest Rs 49,000 crore in Gujarat over the next five years.
With an investment of Rs 5,500 crore, the company will set up a cement clinker plant of 10 million tonne capacity and will also invest another Rs 2,000 crore to develop a series of desalination plants across the state. The company has already incorporated a new company, Adani Cementation (ACL), to carry on the cement business.
Adani Ports, part of the group company, will make an investment of Rs 16,700 crore in the next five years, to expand capacity of all its Gujarat ports at Dahej, Mundra, Hazira, and Ajira and Tuna. It will increase the investment in renewable projects.
With an investment of Rs 1,200 crore, the company will expand the manufacturing capacity of its edible oil factory in Mundra and Ajira.
The company will create direct and indirect employment opportunities for 25,000 people.