Mr. Gautam Adani announces investment worth Rs. 65,000 crore (US$ 7.91 billion) in Rajasthan
- IBEF
- October 10, 2022
Mr. Gautam Adani, the richest person in Asia, announced investment of Rs. 65,000 crore (US$ 7.91 billion) in Rajasthan over the next five to seven years to build a massive 10,000 MW solar power facility, expand a cement plant, and modernise Jaipur Airport.
Adani's ports-to-energy conglomerate is making investments in transmission lines for renewable energy as well as city gas infrastructure for selling CNG to cars and piped gas to homes and businesses.
The Adani group already has a sizable foothold in the state. It manages a thermal power plant, a solar park, and provides coal for the state's power plants.
The Adani Group, which began as a commodity trader in 1988 before diversifying into the ports, airports, roads, power, renewable energy, transmission, gas distribution, real estate, FMCG, cement, data centres, and media industries, is also placing one of the biggest bets in the world on the energy transition.
Additionally, it runs two plants that produce edible oils in Alwar and Bundi, as well as high-voltage transmission lines, a dry port container terminal in Kishangarh, and other facilities.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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