Gautam Adani: Not Gujarat, Gautam Adani and Mukesh Ambani’s jugalbandi will be seen in this state, plan to make 25GW electricity

Announcement of investment of 75 billion dollars

Reliance has established its presence in petrochemicals and refining and has taken the business forward. On the other hand, Adani has achieved success in coal business. However, both groups are increasingly moving away from green energy goals. Ambani had announced an investment plan of $75 billion last year. Whereas Gautam Adani had promised to spend $70 billion. However, after the recent report of the American research firm Hindenburg, the Adani group has suffered a lot.

Adani-Ambani have a strong presence in the state

Reliance and Adani Group already have presence in the state. Reliance has invested over 1.5 trillion rupees ($18.3 billion) in the development and pipeline infrastructure of the KG-D6 basin. The gas being produced will contribute about 30% of the country’s gas production. Reliance Jio’s 5G roll out across India will be completed before the end of 2023. Reliance Retail will buy more agriculture and agro-based products from Andhra Pradesh.

This share of Adani running at the speed of rocket, there was a jump of more than 30 percent in two days, investors became rich

Adani Group will set up two cement plants

Adani Group plans to set up two cement plants in Andhra Pradesh with a combined capacity of 10 million tonnes. It aims to double the capacity of its Krishnapatnam and Gangavaram ports by adding another 100 million tonnes per annum in the next five years. Along with this, Adani Group is considering to convert these major ports into industrial port cities. The group is also working on developing a 400 MW data center in Visakhapatnam.