The Adani Group and the Indian Oil Corporation (IOC) have committed large investments in the state of Tamil Nadu.
The announcement was made at the Tamil Nadu Global Investors Meet 2019 in Chennai.
The Adani Group plans to make an investment to the tune of Rs 12,000 crore across sectors. Of the total, investment of around Rs 10,000 crore will be in port and port-led industries, including the expansion of Katupalli port in Ennore, industrial parks and defence, while another Rs 2,000 crore on pipeline gas distribution.
The company intends to make Katupalli port as one of the largest in the country with a capacity to handle over 300 million tonne of cargo.
The Indian Oil Corporation will pour Rs 16,641 crore across various projects in the state.
The investments include expansion of retail outlet network (petrol bunk), upgradation and capacity expansion of its facilities in the state, and two new gas distribution projects.
The projects will create direct and indirect job opportunities for 20,000 people.