The Adani Group is set to invest over Rs 1.1 lakh crore (USD 12.7 billion) in Madhya Pradesh across pumped storage, cement, mining, smart meters, and thermal energy, creating more than 1,20,000 employment opportunities by 2030.
Chairman Gautam Adani announced the investment at an investment summit, highlighting the company’s commitment to multi-sectoral growth in the state. Additionally, the Group is in discussions with the state government for an additional Rs one lakh crore investment in a greenfield smart city, airport, and coal-gasification project.
The company has already invested Rs 500 billion in the state, generating over 25,000 employment opportunities across energy, infrastructure, manufacturing, logistics, and agri-business.
Separately, Adani Power secured approval for its resolution plan for Vidarbha Industries Power, a subsidiary of Reliance Power.