Our capex in Odisha to cross Rs 60 thousand crore: Karan Adani | News Bharat

Bhubaneswar: Adani Group has already invested Rs 7,600 crore in Odisha and the planned capital investment will cross Rs 60,000 crore over the next ten years, said Karan Adani, CEO of Adani Ports and SEZ Ltd. (APSEZ) here on Thursday.

Speaking at the Make in Odisha conclave here, Karan Adani said, “Our investments in the state of Odisha continue to accelerate – and in the last five years, the Adani Group has already invested Rs 7,600 crore as we deal with the development of LNG terminals, Dhamra port and our mining activities.’

The company’s planned capital investment will exceed Rs 60,000 crore over the next ten years, he said.

The number of direct jobs created has already reached 4,500, while the planned investment will create tens of thousands of direct and indirect jobs and help reshape the state’s economy, he said.

Karan Adani said Adani Group’s core interests 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 centers, defence, cement and agricultural business.

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

He also informed that Dhamra port is the first port in India to get environmental clearance for more than 300 million tonnes. It will have 35 berths with a huge port capacity of 315 million tonnes.

He announced that the 5 million tonne LNG terminal at Dhamra will start commissioning in December this year. This resulted in an investment of Rs 5,200 crore.

“We have already planned to double this capacity in the next five years,” he added.

Besides, Karan Adani said, the Odisha government’s High Level Control Authority (HLCA) has approved Adani Group’s proposal to set up a 4 million tonne per annum alumina refinery and a 30 million tonne per annum iron ore project in the state.

The Make in Odisha conclave began here on November 30 and will continue till December 4.


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