Adani Group to invest Rs 30,000 crore in Kerala over five years

The Adani group is planning to invest Rs 30,000 crore in Kerala over next five years, a top official of the company said here Friday.

The investments include Rs 5,500 crore on expanding the operations of Trivandrum International Airport and an additional Rs 20,000 crore investment in the Vizhinjam port. 

“The Adani group has already invested Rs 5,000 crore in Vizhinjam and are committing an additional investment of Rs 20,000 crore,” Karan Adani, MD, Adani Ports & SEZ Ltd said while addressing the Invest Kerala Global Summit 2025. 

He said Vizhinjam is India’s first transshipment hub and that the group is aiming to make it the largest transshipment port in this part of the region. 

Vizhinjam is strategically located along the world’s busiest shipping lanes, even before commissioning, made history by docking the largest container vessel to ever touch the Indian shores, with a capacity of 24,000 containers.

Adani said the investment in Trivandrum International Airport will expand its capacity from 4.5 million passengers to 12 million passengers. The Adani Group will also invest in a logistics and e-commerce hub in the city of Kochi, and will also scale up the capacity of the group’s cement-handling unit in Kochi.  

Adani Cement, the second largest cement-maker in India, acquired Penna Cement for over Rs 10,000 crore in June 2024 and its group company Ambuja Cements acquired a 46.8% stake in Orient Cement from the CK Birla Group for Rs 8,100 crore in October.

“In total, the Adani group is going to invest Rs. 30,000 crore in the next five years in the state of Kerala,” Adani said adding that Kerala is emerging as a model of development and progress

 » Read More

Related Articles

Ranking India’s Most Livable Cities: Read this before you decide where to live!

In the evolving landscape of urban living, factors like rent affordability, food costs, commuting ease, and air quality significantly influence how we experience city life. As India continues to urbanize, millions of people are choosing between cities for job opportunities, lifestyle, and overall quality of life. But what makes a city truly livable? Here, real

Why are luxury villas becoming the top investment choice for HNIs?

India’s villa market is witnessing unprecedented growth, driven by rising affluence, evolving lifestyle preferences, and increasing investments from both domestic and NRI buyers. With the post-pandemic shift towards spacious living and premium amenities, luxury villas are becoming a preferred choice for high-net-worth individuals. Additionally, rapid urbanization and strong economic performance have fueled demand, leading developers

Adani Group’s tax payments surge 25% to Rs 58,104 crore in FY 2023-24

The Adani Group has released its Tax Transparency Reports for the financial year 2023-24, highlighting a substantial increase in its contributions to the exchequer. The group’s total global tax and other financial contributions amounted to Rs 58,104.4 crore, marking a sharp rise from Rs 46,610.2 crore in the previous fiscal year. ALSO READUS SEC seeks

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

0FansLike
0FollowersFollow
0SubscribersSubscribe
- Advertisement -

Latest Articles

Ranking India’s Most Livable Cities: Read this before you decide where to live!

In the evolving landscape of urban living, factors like rent affordability, food costs, commuting ease, and air quality significantly influence how we experience city life. As India continues to urbanize, millions of people are choosing between cities for job opportunities, lifestyle, and overall quality of life. But what makes a city truly livable? Here, real

Why are luxury villas becoming the top investment choice for HNIs?

India’s villa market is witnessing unprecedented growth, driven by rising affluence, evolving lifestyle preferences, and increasing investments from both domestic and NRI buyers. With the post-pandemic shift towards spacious living and premium amenities, luxury villas are becoming a preferred choice for high-net-worth individuals. Additionally, rapid urbanization and strong economic performance have fueled demand, leading developers

Adani Group’s tax payments surge 25% to Rs 58,104 crore in FY 2023-24

The Adani Group has released its Tax Transparency Reports for the financial year 2023-24, highlighting a substantial increase in its contributions to the exchequer. The group’s total global tax and other financial contributions amounted to Rs 58,104.4 crore, marking a sharp rise from Rs 46,610.2 crore in the previous fiscal year. ALSO READUS SEC seeks

Senior Citizen Fixed Deposits offering up to 9% — Compare latest interest rates

With banks and financial institutions offering higher interest rates on fixed deposits for senior citizens compared to regular FDs, this investment avenue has now become even more attractive for elderly investors and those looking for secured and steady income. However, before parking funds in senior citizen fixed deposits, it is crucial to evaluate several factors.

Upcoming IPOs this week: 2 new SME issues, 5 listings, and key allotment dates to watch

The primary market continues to be abuzz with activity. This week, two companies from the SME segment – Nukleus Office Solutions and Shreenath Paper Products will launch their public offerings. Adding to the action, shares of five companies are set to be listed on the stock exchanges this week. Among them, Quality Power Electrical IPO