In a significant development, the Adani Group has pledged an investment exceeding ₹42,700 crore in Tamil Nadu, marking a strategic move to bolster various sectors in the state. The momentous occasion unfolded during the Global Investors Meet 2024, where multiple Memorandums of Understanding (MoUs) were signed. The largest chunk of this substantial investment, amounting to ₹24,500 crore, will be directed by Adani Green Energy Ltd towards three pump storage projects (PSP) over the next 5-7 years.
The signing ceremony witnessed the presence of key figures, including Tamil Nadu Chief Minister MK Stalin, State Industries Minister TRB Rajaa, and Karan Adani, the Managing Director of Adani Ports and Special Economic Zone. Adani Connex, a subsidiary, is set to inject ₹13,200 crore into a hyperscale data centre over the next seven years, while Ambuja Cements will contribute ₹3,500 crore for the establishment of three cement grinding units within the next five years.
Karan Adani acknowledged the conducive business environment in Tamil Nadu, emphasizing its stability, advanced infrastructure, connectivity, and business-friendly policies. Adani Green Energy’s investment in pump storage projects aims to achieve a total capacity of 4,900 MW, creating over 4,400 job opportunities. The Adani-EdgeConnex data centre in Chennai will witness a significant expansion to a 200 MW capacity with a ₹13,200 crore investment.
Ambuja Cements and ACC plan to ramp up their annual cement production capacity from 1 million tonnes to 14 million metric tonnes, generating over 5,000 direct and indirect employment opportunities. Adani Total Gas Ltd is gearing up to scale its investment in Tamil Nadu more than nine-fold, focusing on city gas distribution, liquefied natural gas, and electric vehicles.
The Adani Group’s diverse presence in Tamil Nadu encompasses ports, logistics, edible oil, power transmission, city gas distribution, data centers, green energy, and cement manufacturing. This substantial investment reaffirms the group’s commitment to contributing to Tamil Nadu’s socio-economic growth and development.
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