Adani Group inks MoU with the Odisha government for a ₹2.3 lakh crore investment over the next five years.
The MoU was signed at the ‘Utkarsh Odisha-Make in Odisha Conclave,’ inaugurated earlier in the day by Prime Minister Narendra Modi.
The Adani Group on Tuesday signed an MoU with the Odisha government, pledging an investment of ₹2.3 lakh crore over the next five years across various sectors.
The MoU was formalized at the ‘Utkarsh Odisha-Make in Odisha Conclave,’ inaugurated earlier in the day by Prime Minister Narendra Modi.
Karan Adani, Managing Director of Adani Ports & Special Economic Zone Ltd, met with Chief Minister Mohan Charan Majhi to sign the agreement, which encompasses investments in sectors such as power, cement, industrial parks, and aluminium, according to an official statement.
“This is the largest investment commitment by any group at the conclave,” remarked Additional Chief Secretary (Industries) Hemant Sharma during a media briefing.
He added that 54 MoUs amounting to ₹4.5 lakh crore were signed on the first day of the event.
Additionally, six projects of Adani Total Gas Ltd (ATGL), which focuses on supplying natural gas and compressed natural gas to industrial, commercial, and residential consumers, were commissioned on the same day, officials confirmed.
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