Adani Group, a major conglomerate focusing on ports and power, has announced significant investments in Tamil Nadu, totaling over Rs 42,700 crore. The investments were formalized through memorandums of understanding (MoUs) signed at the Tamil Nadu Global Investors Meet 2024. The largest chunk, Rs 24,500 crore, will come from Adani Green Energy Ltd, allocated for three pump storage projects over the next 5-7 years.
In addition to this, Adani Connex is set to invest Rs 13,200 crore in a hyperscale data center over the next seven years. Ambuja Cements will contribute Rs 3,500 crore towards three cement grinding units in the next five years, while Adani Total Gas Ltd will invest Rs 1,568 crore over eight years. The MoUs were signed in the presence of Tamil Nadu Chief Minister M.K. Stalin and other key government officials.
Karan Adani, the Managing Director of Adani Ports and Special Economic Zone, emphasized the favorable business environment in Tamil Nadu, citing stability, advanced infrastructure, connectivity, and business-friendly policies. He commended Chief Minister M.K. Stalin’s efforts to position Tamil Nadu as a socio-economic powerhouse.
The Adani Group’s existing presence in Tamil Nadu spans various sectors, including ports, logistics, edible oil, power transmission, city gas distribution, data centers, green energy, and cement manufacturing. Adani Ports and Special Economic Zone currently operates Kattupalli and Ennore Ports, having invested Rs 3,733 crore in Tiruvallur district.
Adani Green Energy Ltd aims to diversify its presence in Tamil Nadu by investing in pump storage projects and hydroelectric energy storage systems with a total capacity target of 4,900 MW. This initiative is expected to create over 4,400 job opportunities with an investment of around Rs 25,000 crore.
The Adani-EdgeConnex data center, located near the SIPCOT IT park in Chennai, will see a substantial expansion from 33 MW to a 200 MW capacity. With an investment of Rs 13,200 crore, this expansion will position it as one of India’s largest single-location investments in digital infrastructure.
Ambuja Cements and ACC plan to ramp up their annual cement production capacity in Tamil Nadu from 1 million tonnes to 14 million metric tonnes with an investment of Rs 3,500 crore. This expansion is set to create over 5,000 direct and indirect employment opportunities in the region.
Adani Total Gas, which currently serves the city gas distribution requirements of Cuddalore and Tiruppur districts, will scale up its investment in Tamil Nadu to expand offerings in city gas distribution, liquefied natural gas for mining and trucks, and electric vehicles.
In conclusion, Adani Group’s substantial investments across various sectors in Tamil Nadu signify a strong commitment to the state’s growth and development, contributing to job creation and infrastructure expansion.
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