Adani Group Announces Rs 80K Crore Investment In Gujarat

Reports from Vibrant Gujarat Summit 2011: On Wednesday, Gautam Adani chairman of Adani Group announced investment of Rs 80,000 crore in ports & power sector & infracstructure of Gujarat. While announcing the statements of investment, Gautam said, “On the occassion of Vibrant Gujarat-2011 we announce an investment of more than Rs 80,000 crore in port, power generation and infrastructure in Gujarat”.

He showed his interest in expanding ports of Mundra & Dahej. He also announced about the development of two new ports at Hazira & Dholera. By this he estimated that the rate of handling capacity to be increased by 200 million tonnes per annum by the year 2015.

Also in the field of power sector the group has specially made 2,000 MW plant at Mundra which will be extended to 2,600 MW by March 2012. They are expanding their roots by installing 3,300 MW at Bhadreshwar in Kutch, and 600 MW at Dahej and 4,000 MW at Dholera. With the help of these power plants Gujarat will cumulatively produce 15,000 MW by the year 2015.

For the purpose of increasing the efficiency of production, & infrastructure, development of LNG systems is being promoted with promoting railway lines and supporting facilities.

Announcing about the other projects he said, "Projects of more than Rs 35,000 crore for which we had signed MoUs at the time of Vibrant Gujarat Summit in 2007 and 2009 have been fructified."