Good news for THIS State as Gautam Adani announces major investment of Rs 65,000 cr in…
GH News January 14, 2025 08:06 PM
Adani group update: In a significant update for the state of Chattisgarh Gautam Adani led-Adani group has promised a huge investment of Rs 65000 cr investment in various significant sectors including energy cement projects. Here are all the details you need to know about the investment plan of Adani group. Industrialist Gautam Adani on Sunday called on Chhattisgarh Chief Minister Vishnu Deo Sai and announced an investment of Rs 65000 crore in the Adani Groups energy and cement projects in the state officials said. Adani met Sai at the latters official residence in Chhattisgarh capital Raipur a statement issued by the states public relations department said. During the meeting Adani announced a planned investment of Rs 60000 crore to expand the groups power plants in Raipur Korba and Raigarh in the state. This expansion will enhance Chhattisgarhs total power generation capacity by an additional 6120 MW the statement said. Additionally the Adani Group chairman also committed Rs 5000 crore for the development and expansion of the groups cement plants in the state it said. Adani assures state government of Rs 10000 crore impetus On the advice of the CM Adani also assured the state government of a Rs 10000 crore impetus over the next four years to support initiatives in education healthcare skill development and tourism under the Corporate Social Responsibility (CSR) and beyond from the Adani Group the statement said. The meeting also explored potential collaborations in manufacturing defence-related equipment and establishing data centres as well as a Global Capability Centre in Chhattisgarh it said. Adani to raise Rs 7148 cr The Adani Group will raise Rs 7148 crore from sale of up to 20 per cent stake in FMCG firm Adani Wilmar in the open market as part of its strategy to exit non-core activities to focus on infrastructure business. The conglomerate which last month announced its exit from Adani Wilmar by selling the bulk of its stake to a joint venture partner will sell 17.54 crore shares (13.50 per cent equity) in the company on January 10 (to non-retail investors) and on January 13 (to retail investors) at a floor or minimum price of Rs 275 apiece according to a stock exchange filing by the company. (With inputs from agencies)
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