Chennai, Jan 9 (FN Agency) Ports-to-power conglomerate Adani group on Monday announced it will invest Rs 42,700 crore in Tamil Nadu over the next eight years. As per the proposal, Adani Green will invest Rs 24,500 crore in setting up three pump storage projects (PSP) in the next 5-7 years. 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,” billionaire Gautam Adani-led company said in a statement.
Tamil Nadu Chief Minister M.K. Stalin, State Industries Minister T.R.B. Rajaa and the Managing Director of Adani Ports and Special Economic Zone (APSEZ) Karan Adani were present at the signing of the MoUs, along with Cabinet Ministers and Secretaries of various government departments. On the signing of the MoUs, Karan Adani said, “Today’s Tamil Nadu is a standout example of stability, a well-established industrial ecosystem, advanced infrastructure, total connectivity, safe and secure neighbourhoods, business-friendly policies with an able and efficient team of officers, and a diverse and highly-skilled workforce with more women in the ranks than anywhere else in the country.”