Adani Group Signs Pact To Invest Rs 42,700 Crore In Tamil Nadu

The biggest investment of Rs 24,500 crore will be made by Adani Green Energy Ltd in three pump storage projects (PSP) in the next 5-7 years.

The Adani Group signed memorandums of understanding (MoU) for investment of over Rs 42,700 crore with Tamil Nadu at the Global Investors Meet 2024 today. The biggest investment of Rs 24,500 crore will be made by Adani Green Energy Ltd in three pump storage projects (PSP) in the next 5-7 years.

Tamil Nadu Chief Minister MK Stalin, State Industries Minister TRB Rajaa and the Managing Director of Adani Ports and Special Economic Zone, Karan Adani, were present at the signing of the MoUs, along with Cabinet Ministers and Secretaries of various government departments.

Adani Connex will invest Rs 13,200 crore in a hyperscale data centre over the coming seven years, while Ambuja Cements will invest Rs 3,500 crore in three cement grinding units in the next five years. Adani Total Gas Ltd will invest Rs 1,568 crore in eight years.