Adani Group, Reliance Industries (RIL), state-owned NTPC, and several other companies on Monday committed total investments worth around Rs 4 lakh crore across various sectors in Madhya Pradesh.
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At the state’s investment summit, Adani Group announced an investment of Rs 1.1 lakh crore across pumped storage, cement, mining, smart meters, and thermal energy. Additionally, chairman Gautam Adani said, the group is in advanced discussions with the state government for further investments worth Rs 1 lakh crore in a greenfield smart city, a major airport, and a coal gasification project. “These are not just investments; they are milestones in a shared journey that will make Madhya Pradesh a national leader in industrial and economic growth,” Adani said. The group’s investments are projected to create over 120,000 jobs by 2030.
Reliance Industries committed Rs 60,000 crore towards setting up biofuel projects, reinforcing its focus on renewable energy and sustainable development.
Meanwhile, NTPC chairman and MD Gurdeep Singh announced that the state-run power producer and its subsidiaries will invest Rs 1.2 lakh crore in setting up 2 gigawatt renewable power generation capacity in the state. NTPC is also considering an additional Rs 80,000-crore investment in two greenfield nuclear power plants.
Avaada Group, a key renewable energy player, signed a memorandum of understanding (MoU) with the Madhya Pradesh government, pledging Rs 50,000 crore towards the development of 6,000 MW of solar energy, 700 MW of wind energy, 2,100 MW of battery energy storage systems (BESS), and 2,000 MW of pumped storage projects. Additionally, Avaada plans to establish green energy equipment manufacturing facilities in the state.
“Madhya Pradesh is emerging as a beacon of India’s energy transition, driven by its strategic vision, progressive policies, and dynamic leadership,” said Vineet Mittal, chairman of Avaada group.
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Other key investors include Ahmedabad-based Torrent Power, which committed Rs 26,500 crore to renewable energy projects, and Power Finance Corporation (PFC) and Rural Electrification Corporation (REC), which pledged Rs 26,800 crore and Rs 21,000 crore, respectively, in lending support for upcoming projects. OPG Power Generation also announced a Rs 13,400-crore investment in battery storage system manufacturing,
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