Cement to Green Energy: Adani Group to invest Rs 12,400 crore in Telangana

Davos: Adani Group announced to invest Rs 12,400 Crore in Telangana across multiple businesses

Telangana Chief Minister A Revanth Reddy met with Adani Group Chairman Gautam Adani at the World Economic Forum in Davos today.

Chief Minister Revanth Reddy, along with Minister of ITE&C, Industries, and Legislative Affairs, D Sridhar Babu, Chairman of Adani Group, Gautam Adani, and President and CEO of Aerospace and Defence, Ashish Rajvanshi exchanged four MOUs with the state government for investments amounting to the tune of ₹12,400 crore.

The investment will be made in Telangana over the next few years.

Adani Green Energy will invest INR 5,000 Crores for setting up two Pumped Storage Projects in Telangana of 1350 MW Capacity

AdaniConneX Data Centers will invest INR 5,000 Crores to set up a Data Center campus in Chandanvelly with a total capacity of 100 MW

Ambuja Cements Ltd. will invest INR 1,400 Crores in a Cement Grinding unit in Telangana with a capacity of 6.0 MTPA

Adani Aerospace and Defence will invest INR 1,000 Crores in Counter Drone Systems and Missile Development and Manufacturing Centres at the Adani Aerospace and Defence Park Chief Minister of Telangana A. Revanth Reddy has assured Adani that the state government will provide required amenities, infrastructure, and support for the projects.

Gautam Adani, Chairman, Adani Group, said: “The new Government in the ngana has been extremely investor friendly and with the new planned policies, should attract more investments. Adani group will continue growing in Telangana at a high pace with the provided.”

Minister for Industries and ITE&C Sri D. Sridhar Babu, Principal Secretary ITE&C, I&C Jayesh Ranjan, and Special Secretary, Investment Promotion, Vishnu Vardhan Reddy were also present during the meeting.