Adani Group News: Adani Group is going to invest Rs 3500 crore for its two projects in Madhya Pradesh. Adani Ports and Special Economic Zone (APSEZ) CEO Karan Adani gave this information on Wednesday. Adani said at the Gwalior Regional Industry Conclave that it announced the setting up of a 20 lakh tonne capacity cement grinding unit in Guna and a propellant production plant unit in Shivpuri. The port major of Adani Group is also going to develop a state-of-the-art propellant production facility in Shivpuri. After this update, Adani Group stocks will be in focus today. Especially Adani Ports, Ambuja Cement and ACAC.
According to a report by Live Mint, Karan Adani announced at the conclave that the unit in Shivpuri is strategically aligned with the Aatmanirbhar mission to transform India from a defense importer to a defense exporter. These two projects will create more than 3,500 direct and indirect jobs.
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Already invested Rs 18,250 crore
He said, “We have already invested Rs 18,250 crore and created 12,000 jobs. Gwalior is fast becoming a tourism hotspot, a pool of high-quality talent, a major transport and business hub. These developments make Gwalior one of India’s emerging economic hubs, attracting investments across all sectors. The Adani Defence Facility in Gwalior is the country’s largest small arms plant and has established Madhya Pradesh as a global hub.” Karan said, “Madhya Pradesh is becoming an excellent example of economic development, Chief Minister Dr. Mohan Yadav ji has an important role in this unprecedented transformation taking place in the state.
Ambuja Cements to invest Rs 1,600 crore in Bihar
Ambuja Cements, owned by billionaire Gautam Adani’s group, had earlier announced an investment of Rs 1,600 crore in its first project in Bihar. This is the biggest investment by a cement industry player in Bihar. Ambuja Cements will set up a cement grinding unit with a total capacity of six million tonnes per annum (MTPA) in Warisaliganj, Bihar.
