Adani announces Rs 65,000 cr investment in Rajasthan
Jaipur (PTI): Richest Asian Gautam Adani on Friday announced a Rs 65,000 crore investment in Rajasthan over the next 5 to 7 years in setting up a mega 10,000 MW solar power capacity, expanding cement plant, and upgrading Jaipur airport.
The investment by a ports-to-energy conglomerate that Adani heads also spans city gas infrastructure for retailing CNG to automobiles and piped gas to households and industries as well as laying transmission lines to carry renewable power.
Speaking at the Invest Rajasthan 2022 Summit here, he said the Adani group already has a sizeable presence in the state. It operates a thermal power plant, has set up a solar park, and supplies coal to the state's power-generating units.
Adani Group is investing Rs 50,000 crore to add 10,000 megawatts of renewable power generation capacity.
"This will be commissioned progressively over the next 5 years," he said, adding the group just a week back achieved commercial operation of the world's largest wind-solar hybrid power plant in Rajasthan.
Besides, it is looking to double its cement manufacturing capacity following its 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 happen in Rajasthan. We anticipate investing another Rs 7,000 crore to double our cement manufacturing capacity in the state," he said.
The Group is also the operator of Jaipur airport which will be expanded, he said.
Adani would also develop a network to supply piped natural gas and CNG to accelerate cleaner fuel availability to industrial, commercial, transport, and domestic consumers, and set up new transmission projects to move the renewable power being generated.
"Combining all ongoing and future investments, we anticipate investing an additional Rs 65,000 crore in Rajasthan over the next 5 to 7 years and creating over 40,000 direct and indirect jobs," he said.
Speaking with reporters after the inaugural ceremony of Invest Rajasthan summit, Adani said, "Along with this, while speaking to CM Gehlot, two proposals were approved. One for contributing to two medical colleges, particularly where there are no medical colleges, and the other for the cricket stadium in Udaipur."
The Adani Group, which started off as a commodity trader in 1988 and expanded rapidly into ports, airports, roads, power, renewable energy, transmission, gas distribution, real estate, FMCG, cement, data centres, and media business, is also making one of the world's largest bets on energy transition.
It is looking to build capacities to produce green hydrogen - a fuel that can run automobiles as well as factories. It plans to use renewable power to split water to produce green hydrogen.
Adani said the group is betting on green hydrogen, given its ability to generate the most inexpensive solar and wind power. "I believe this opportunity to generate green hydrogen to transform Rajasthan's deserts into 'an oasis of jobs enabling energy transition is an opportunity that no other state has."
His group has already invested over Rs 35,000 crore across multiple industrial sectors in Rajasthan.
These investments have been across a 1,320 megawatt (MW) Kawai power plant and a 10,000 MW solar park that produces 1,500 MW of green power. Besides, it has invested Rs 20,000 crore in commissioning over 4,000 MW of renewable projects.
Adani Group supplies coal to over 4,300 MW of state thermal plants.
It also operates high-voltage transmission lines, a dry port container terminal in Kishangarh, and two edible oil manufacturing plants in Alwar and Bundi.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
Lets win the world through love, friendship: Dr. Boby Chemmanur
Mangaluru: “Wars, bombings, mass killings etc. are happening all over the world for different reasons. However, none of us will be aware of what we have achieved from this. If everyone wants to live in peace, we all have to extend the hand of friendship. So let's win the world with friendship and love,” said businessman, social worker, donor Dr. Boby Chemmanur speaking after receiving honor from the Team B-Human in a program held at Kianza Garden near Someshwara Uchila on Saturday.
Boby revealed about not visiting Mangaluru despite invitations owing to the city's bad impression he had. “However, after watching Team-B Human's social service video, my perspective about Mangaloreans changed.” In addition he also promised to help the people of this region, including my fans through a charitable trust.
Expressing gratitude, he said, “Once upon a time I used to be a man who would flaunt my wealth. After my mind transformation, I learned to love and befriend the world. I myself paid one crore rupees for the release of Abdul Rahim, a young man from Kerala who was stuck in Saudi Arabia. My Mother, who would not give money to non-christians, gave Rs. 1 Lakh and encouraged the funding. Many people have helped me to achieve my goal. I am grateful to all of them.”
Inaugurating the program, Manjeshwar MLA A.K.M. Ashraf called Kerala a model for humanity in the country. “Even though Kerala has been portrayed in a distorted way by some individuals, the real story of Kerala is known as Boche created by Dr. Boby Chemmannur. It is commendable that Team B Human has honored such social workers.” Legislative Assembly Speaker UT Khader who joined the program virtually extended his best wishes.
The program, led by Asif Deals, Founder President of Team B-Human, also felicitated Sabita Shetty, Founder Managing Trustee of Tapasya Foundation, and Hanif Puttur, General Secretary of CRDF, Puttur.
Zakaria Jokatte- Managing Director of Al Muzain Group, Sharif Bolara- Managing Director of Whitestone, Mansoor Ahmad Azad- Chairman of Hidaya Foundation, Muhammad Kunhi-Managing Director of Shanti Prakashan, Abdul Latif Gurpur- Managing Director ANI Trading Company, Muzafar Ahmed-Trustee of Team-B Human, Abdullah Monu- Administrative Director Eurogroup Qatar , KA Bawa of Deals Group, Khayyum Manya- Trustee of Abhayam Dialysis Center Kasaragod, DK District Wakf Advisory Committee Vice Chairman-AK Jamal, Sameer Kasaragod, Naveen Hegde were present during the occasion.
Siraj, President of the Mangalore unit of Team B Human, extended a warm welcome, while motivational coach Rafeeq Master and Saif Sultan, founder of Hope Foundation, moderated the program.
