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Adani to invest Rs 49,000 cr to extend capacity of Gujarat ports

Adani to invest Rs 49,000 cr to extend capacity of Gujarat ports

Adani Group Chairman Gautam Adani has announced that his company would invest another Rs 49,000 crore in Gujarat for expanding port capacity, and will set up cement plants. It is also planning a foray in the wind and solar power sectors over the next five years.

Adani Group will set up a 10 million tonnes cement clinker plant at an investment of Rs 5,500 crore and another Rs 2,000 crore in a desalination plant in Gujarat, Adani said at the 8th Vibrant Gujarat Global Summit.

Adani Enterprises has already incorporated a new company, Adani Cementation (ACL), which will carry on the cement business. He said the fresh investment would create an additional 25,000 jobs in the state both directly and indirectly.

In the past five years, Adani has invested Rs 48,000 crore in Gujarat. Adani Ports, India’s largest private port & logistics company will invest Rs 16,700 crore in the next five years to expand capacity of all its Gujarat ports at Mundra, Dahej, Hazira and Ajira and Tuna.

Adani also said the group is also accelerating its investment in renewable energy.

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