Adani Group to invest Rs 65,000 Cr in Rajasthan

Adani Group will make fresh investments worth Rs 65,000 crore in Rajasthan over the next 5-7 years. The investment will be made to expand the renewable energy, airport and cement portfolio of the company.

Adani Group’s other projects in Rajasthan are under various stages of execution and expansion. These include expansion of the Jaipur airport, development of networks to supply PNG and CNG, and accelerating cleaner fuel availability to industrial, commercial, transport and domestic consumers, and new transmission projects, to move the renewable power being generated.

Adani Group will set up a 10,000 megawatts (MW) solar power plant facility at an investment of Rs 50,000 crore in the next five years. Adani Group has already set up a 1,320 megawatt Kawai Power Plant, a solar park of 10,000 megawatts in partnership with the state government, which has the production capacity of 1,500 megawatts, and has commissioned projects of over 4,000 megawatts at an investment of Rs 20,000 crore.

Gautam Adani said, “Continuing our investment in the renewables business, another 10,000 megawatts, with an investment of Rs 50,000 crore, is under implementation – and this will be commissioned progressively over the next 5 years. The Adani Group is also making one of the world’s largest bets on Energy Transition. In this process, we are betting on green hydrogen, given our 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.”

Recently, the Group acquired Ambuja Cements and ACC, propelling it to the second spot in the list of India’s biggest cement producers. “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,” Adani said.