Adani Enterprises Limited (AEL) will invest over Rs 5,000 crore in a 100 MW Data Centre, which would be powered by renewable energy, over the coming 5-7 years. AEL will work closely with local MSMEs and startups to develop a globally competent supplier base for the
project. It would provide employment, both direct and indirect, to 600 people.
Adani Green Energy Limited (AGEL) will invest over Rs 5,000 crore to set up two pump storage projects (PSPs) -850 MW at Koyabestagudem and 500 MW at Nacharam. Ambuja Cements will invest Rs 1,400 crore to set up a 6 MTPA cement plant in the next five years. The unit, to be set up across 70 acres, would significantly enhance Ambuja’s capability. It will provide employment for over 4,000 people, both directly and indirectly.
Adani Defence Systems and Technologies Limited will invest over Rs 1,000 crore in 10
years to set up a comprehensive ecosystem for the research, development, design, manufacturing and integration of counter drone and missile systems at the Adani Aerospace Park. The ecosystem developed through these projects would significantly enhance the defence capability of India and would provide employment to over 1,000 people.
Apart from these investments, the Adani Group has also agreed to support the Chief Minister’s goal of creating skilling Universities in Telangana. Soon, the Adani Group will develop an integrated state-of-the-art skilling university in Telangana and will share more details about it shortly.
Chief Minister A. Revanth Reddy has assured Adani that the state government would provide required amenities, infrastructure, and support for the projects.
Welcoming the Adani Group to Telangana, CM Revanth Reddy said: “It is a great pleasure to welcome the Adani Group to Telangana.
The eagerness of Gautam Adani garu to explore various possibilities and harnessing our strength is a welcome signal that top-notch, conglomerates are eager to invest in Telangana. We have successfully shown to the business world that Telangana means business.”
Speaking after the signing, Gautam Adani, Chairman, Adani Group, said: “The new
Government in Telangana under the leadership of Revanth Reddy garu has been extremely investor friendly and with newly initiated policies, should attract more investments. Adani group will continue growing in Telangana at high pace.”
