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Adani Group Chairman Gautam Adani met new Telangana CM Revanth Reddy at the World Economic Forum in Davos, and Adani declared that his companies will invest Rs 12,400 crore in the state.
Business tycoon Gautam Adani’s group will invest Rs 12,400 crore in Telangana. In this regard, the Adani Group has confirmed investments worth Rs 12,400 crore in Telangana in multiple sectors for the next few years. Adani Group Chairman Gautam Adani met new Telangana CM Revanth Reddy at the World Economic Forum in Davos, and Adani declared that his companies will invest Rs 12,400 crore in the state.
Gautam Adani, along with its president and Adani Aerospace and Defence chief executive officer Ashish Rajvanshi, exchanged four memoranda of understanding with Chief Minister Revanth Reddy and IT Minister Sridhar Babu at WEF in Davos on Tuesday. Adani Green Energy will invest Rs 5,000 crore to set up two pumped storage projects in Telangana with a 1350 MW capacity.
In addition to that, AdaniConneX Data Centers will invest another Rs 5,000 crore to establish a data center campus in Chandanvelly with a total capacity of 100 MW. Similarly, Ambuja Cements will invest Rs 1,400 crore in a cement grinding unit in Telangana with a capacity of 6.0 MTPA. According to the MoUs, Adani Aerospace and Defence will invest Rs 1,000 crore in counterdrone systems and missile development and manufacturing centers at the Adani Aerospace and Defence Park in Hyderabad.
