Adani Group: Gautam Adani’s speech in Davos, signed MoU worth Rs 12,400 crore with Telangana government
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Adani Group: Gautam Adani (Gautam Adani) The year 2024 is proving to be very auspicious. With the relief from the Supreme Court in the allegations of Hindenburg Research, the net worth of the company is continuously increasing. Along with this, now Adani has made a big agreement in the World Economic Forum meeting being held in Davos to make big investment in the Congress ruled state of Telangana. Adani Group and the Telangana government on Wednesday signed four MoUs for investment worth over Rs 12,400 crore in the state.MoU) is signed. In a statement issued by Adani Group, it has been said that the World Economic Forum in Davos, Switzerland (WEF)-These MoUs were signed in the presence of Chief Minister Revanth Reddy and Adani Group Chairman Gautam Adani in 2024. Under the MoU, Adani Enterprises Limited will invest more than Rs 5,000 crore in a 100 MW data center in the next five to seven years. This data center will be powered by renewable energy.
Thousands of people will get employment
Adani Enterprises will work with local micro, small and medium enterprises (MSMEs) and startups to create a globally capable supplier base for this project. The statement said that this will provide direct and indirect employment to 600 people. Adani Green Energy Limited (AGEL) will also invest over Rs 5,000 crore to set up two pumped storage projects. These will be 850 MW projects at Koyabestgudem and 500 MW projects at Nacharam.
Adani Group will work in many sectors
Adani Group’s Ambuja Cements will invest Rs 1,400 crore in the next five years on a 60 lakh tonne per annum capacity cement plant in Telangana. This will provide direct and indirect employment to 4,000 people. Adani Defense Systems & Technologies Ltd will invest over Rs 1,000 crore over 10 years to establish a comprehensive ecosystem for research, development, design, manufacturing and integration of counter drone and missile systems at the Adani Aerospace Park, the statement said. Will do. At the signing in Davos, Adani Enterprises said that the ecosystem developed through these projects will significantly increase India’s defense capability and provide employment to more than 1,000 people.
The meeting between CM and Adani lasted for an hour
According to media reports, there was a discussion between Telangana CM CM Revanth Reddy and Indian industrialist Gautam Adani for about an hour regarding investment in the state. After the meeting, Revanth Reddy said that the state government will provide all kinds of help and facilities to Adani Group for the projects. At the same time, Gautam Adani said that the new government in Telangana is very friendly for investors. It is necessary to have maximum investment there. Adani Group will always be with us on the development path of the state.
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