Editor’s Synopsis
- Adani Green will invest Rs 24,500 crore in three PSP projects in 5-7 years
- Adani Connex will invest Rs 13,200 crore in a hyperscale data centre
- Ambuja Cements will invest Rs 3,500 crore in three cement grinding units
- Adani Total Gas will invest Rs 1,568 crore in the coming eight years
The Adani Group has entered into memorandums of understanding (MoUs) during the Tamil Nadu Global Investors Meet 2024, committing to investments exceeding Rs 42,700 crore. The largest share, amounting to Rs 24,500 crore, will be contributed by Adani Green Energy Ltd for the development of three pump storage projects (PSP) within the next 5-7 years.
Adani Connex is set to invest Rs 13,200 crore in a hyperscale data center over seven years, while Ambuja Cements plans to allocate Rs 3,500 crore for three cement grinding units within the next five years. Additionally, Adani Total Gas Ltd has earmarked Rs 1,568 crore for investments over eight years.
The signing ceremony, attended by Tamil Nadu Chief Minister M.K. Stalin, State Industries Minister T.R.B. Rajaa, and Karan Adani, the Managing Director of Adani Ports and Special Economic Zone, saw the participation of Cabinet Ministers and Secretaries from various government departments.
Karan Adani expressed admiration for Tamil Nadu’s stability, established industrial ecosystem, advanced infrastructure, connectivity, secure neighborhoods, and business-friendly policies. He commended Chief Minister M.K. Stalin’s efforts to transform Tamil Nadu into a socio-economic powerhouse, drawing numerous business investments, including the privileged participation of the Adani Group.
The Adani Group’s extensive presence in Tamil Nadu encompasses ports and logistics, edible oil, power transmission, city gas distribution, data centers, green energy, and cement manufacturing. Adani Ports and Special Economic Zone, operating Kattupalli and Ennore Ports, have invested Rs 3,733 crore in Tiruvallur district, effectively meeting the exim requirements of the Chennai and Sri City regions.
Adani Green Energy Ltd is venturing into pump storage projects, targeting a capacity of 4,900 MW in Thenmalai, Alleri, and Aliyar, with an investment of around Rs 25,000 crore. The Adani-EdgeConnex data center in Chennai, with a current capacity of 33 MW, will undergo a substantial expansion to a 200 MW data center with a Rs 13,200 crore investment, making it one of India’s largest single-location investments in digital infrastructure.
Ambuja Cements’ investment of Rs 3,500 crore will significantly increase cement production capacity from 1 million to 14 million metric tonnes across Madukkarai, Kattupalli, and Tuticorin. Adani Total Gas Ltd plans to scale up its investment more than nine-fold to expand city gas distribution, provide liquefied natural gas for mining and trucks, and support electric vehicles in Tamil Nadu.
About The Adani Portfolio of Companies
Headquartered in Ahmedabad, the Adani Portfolio is the largest and fastest-growing portfolio of diversified businesses in India with interests in Logistics (seaports, airports, logistics, shipping, and rail), Resources, Power Generation and Distribution, Renewable Energy, Gas and Infrastructure, Agro (commodities, edible oil, food products, cold storage and grain silos), Real Estate, Public Transport Infrastructure, Consumer Finance and Defence, and other sectors. Adani owes its success and leadership position to its core philosophy of ‘Nation Building’ and ‘Growth with Goodness’ – a guiding principle for sustainable growth. The Group is committed to protecting the environment and improving communities through its CSR programs based on the principles of sustainability, diversity, and shared values.
Further information at www.adani.com
For media queries, please contact: Roy Paul; roy.paul@adani.com
