Adani Group Announces Over Rs 2,500 Crore Investment for Expansion and Development in Uttarakhand
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Adani Group is set to invest over Rs 2,500 crore in Uttarakhand, with plans to expand cement plant capacity, install smart electricity meters, and explore the development of aero-city and knowledge city in the state of Uttarakhand. The announcement was made during the ‘Global Investors Summit Uttarakhand.’ The group’s city gas joint venture aims to convert 200 state transport businesses to eco-friendly CNG. In the cement sector, investments exceeding Rs 1,700 crore will be directed towards expanding Ambuja Cements’ capacity, with additional funds allocated for plant capacity expansion and a grinding unit. These initiatives are expected to generate around 6,000 job opportunities in the Rishikesh-Dehradun area. The group is also involved in a project to install smart meters in the Kumaon region and is exploring a 1,000-acre land parcel in Pant Nagar for potential development, including infrastructure for an aero-city, container depot, logistics warehousing, and a knowledge park. Adani’s presence in Uttarakhand spans gas distribution and cement manufacturing.
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Note: The above-mentioned news was first published by us in our ProjectX India | 15th December 2023 edition.. Do you want to buy this issue or our latest issue? If yes! click here
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