Friday, 13 January 2023

Adani Group

Ports-to-energy conglomerate Adani Group on Wednesday said that it has plans to invest Rs 60,000 crore in mineral exploration, energy, agriculture, renewable energy and coal sectors. The group, however, did not give timelines for the investment. "During one-to-one interaction with Madhya Pradesh chief minister Shivraj Singh Chouhan on the sidelines of the two-day Global Investors Summit (GIS) in Indore, Pranav Adani, managing director (Agro, Oil & Gas), and director of Adani Enterpr .. The chief minister asked him to give priority to the local youths in employment to which Adani said, "It is our duty". The group will run skill development centres as per its requirement to train the youths of the state and it also has plans to establish a hospital in Madhya Pradesh. Chouhan also apprised him about opportunities to set up food processing units in the state, the release said. Meanwhile, addressing the GIS summit, Aditya Birla Group head Kumar .. At present, seven businesses of Birla Group are running in the state and their total investment has crossed Rs 60,000-crore mark. Referring to the state's economic progress in the last decade, he said that Madhya Pradesh has presented itself as a "ready for the future" state. He informed that over 25,000 employees in the state are part of the Birla Group. In separate interactions with the chief minister, while Dalmia Bharat Group's Puneet Dalmia has expressed interest .. Meswani informed Chouhan that 5G network will be expanded till tehsil level by the year end and also said that at present 175 petrol pumps are being operated by the group and their number will be doubled. He informed that the group has plans to invest big in the solar energy sector and a necessary survey and studies are going on in the Chambal area. He also showed interest in setting up full processing units of textile in the state, the release added.

India Daybook – Stocks in News

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