MIO Conclave: Adani Group To Invest Over Rs 60,000 Cr In Odisha

Bhubaneswar: The capital investment by the Adani Group in Odisha is set to exceed Rs 60,000 crore over the next ten years, Chief Executive Officer of Adani Ports and SEZ Ltd (APSEZ), Karan Adani said on Thursday.

Speaking at Make in Odisha Conclave in Bhubaneswar, he said the Adani Group has already invested Rs 7,600 crore in the state as it has been developing LNG terminals, Dhamra port and mining activities.

Stating that the group’s investments in Odisha will continue to accelerate, Adani said the company’s planned capital investment will exceed Rs 60,000 crore over the next ten years.

Stating that the number of direct employments created has already reached 4,500, he said the planned investment will create thousands of direct and indirect jobs and help reshape the economics of the state.

The primary interests of the Group in Odisha are in ports and logistics, industrial clusters and special economic zones, power generation, transmission, and distribution, integrated natural resource management, renewable energy, data centres, defence, cement, and agri-businesses.

“We are leaders in our core businesses – and Odisha is one of the most important states for the Adani Group,” he said.

Describing Dhamra port as the first port in the country to receive environmental clearance for more than 300 million tons, he said It will have 35 berths with a massive 315 million tons in port capacity.

The LNG terminal of 5 million tonnes capacity taken up at an investment of Rs 5,200 crore in Dhamra will start functioning soon and its capacity is proposed to be doubled in the next five years, he said.

This apart, the state government has already approved Adani Group’s proposal to set up a 4 MTPA capacity alumina refinery and a 30 MTPA iron ore project in the state.