Gautam Adani Announces ₹ 65,000 Crore Investment in Rajasthan
Asia’s richest man Gautam Adani on Friday announced an investment of ₹65,000 crores in Rajasthan over the next 5-7 years to set up a mega 10,000 MW solar capacity, expand a cement plant and upgrade the Jaipur airport.
The investment by the ports-to-energy conglomerate, led by Gautam Adani, also includes city gas infrastructure for retail CNG for cars and pipelines for households and industry, as well as laying transmission lines to transmit renewable energy.
Addressing the Invest Rajasthan 2022 summit in Jaipur, he said that the Adani Group already has a significant presence in the state. It operates a thermal power plant, established a solar park, and supplies coal to state energy units.
Adani Group to invest ₹50,000 crores to add 10,000 megawatts of renewable energy generation capacity.
“This will be commissioned in a phased manner over the next 5 years,” he said, adding that the group had achieved commercial operation of the world’s largest wind-solar hybrid power plant in Rajasthan just a week back.
In addition, it is set to double its cement production capacity after the acquisition of Ambuja Cements and ACC.
“While we already have three cement plants and limestone mining assets, a significant part of our capacity expansion will continue to take place in Rajasthan. We expect to invest another ₹ 7,000 crores to double our cement production capacity in the state,” he said.
The group is also the operator of the Jaipur airport, which will be expanded, he said. Gautam Adani would also develop a natural gas and CNG pipeline network to accelerate the availability of cleaner fuel for industrial, commercial, transport, and domestic consumers and prepare new transmission projects to move generated renewable energy.