Adani Group will invest Rs 2.6 lakh crore in Odisha, projects will start in these sectors
Adani Group has committed to invest Rs 2.3 lakh crore in power, cement, industrial parks, aluminium and city gas expansion in Odisha over the next five years. According to a statement from the group, it made the investment commitment during the state’s investor meet ‘Utkarsh Odisha-Make in Odisha Conclave’ 2025. According to the statement, Karan Adani, Managing Director of Adani Ports and SEZ Limited (APSEZ), met state Chief Minister Mohan Charan Majhi and signed a memorandum of understanding (MoU) for investing in Odisha over the next five years.
Investment will come in these sectors
The statement said, “Adani Group has committed to invest Rs 2.3 lakh crore in the next five years in sectors like power, cement, industrial parks, aluminium, city gas etc.” However, the group did not give further details. Additional Chief Secretary (Industry) Hemant Sharma told reporters, “This is the largest investment commitment made by any group in the conference.” He said that so far 54 MoUs worth Rs 4.5 lakh crore have been signed on the first day of the conference. Apart from this, six projects of Adani Total Gas Limited (ATGL) were commissioned in Odisha on the occasion of Utkarsh Odisha.
Good news from Sri Lanka for Adani Group
Good news has come from Sri Lanka for Adani Group. The Sri Lankan government has agreed to renegotiate the 484 MW capacity wind energy project. The Sri Lankan government will renegotiate the power purchase agreement with Adani Green Energy to reduce the cost of electricity generated from a 484 MW wind power project. Sri Lankan government spokesman Nalinda Jayatissa said that the government will renegotiate with the Adani Group company to reduce the cost of the project to less than US $ 0.06 per unit.
