Adani Group to invest over Rs 12,000 crore in Telangana; Here's everything you need to know

Indian billionaire Gautam Adani-led Adani Group today said it has signed four memorandums of understanding (MoU) with the Government of Telangana to invest over Rs 12,400 crore in the state.

The MoU, which was signed at the World Economic Forum 2024, will help build the foundations for the economic growth of Telangana that is green, sustainable, inclusive, and transformative. 

Investment details

Adani Enterprises Limited (AEL) will invest over Rs 5,000 crore in a 100 MW data centre, which would be powered by renewable energy, over the coming 5-7 years. AEL will work closely with local MSMEs and startups to develop a globally competent supplier base for the project.

It would provide employment, both direct and indirect, to 600 people.

Adani Green Energy's investment

Adani Green Energy Limited (AGEL) will invest over Rs 5,000 crore to set up two pump storage projects (PSPs) –850 MW at Koyabestagudem and 500 MW at Nacharam. Ambuja Cements will invest Rs 1,400 crore to set up a 6 MTPA cement plant in the next five years.

The unit would be set up across 70 acres and would significantly enhance Ambuja’s capability. It will provide employment for over 4,000 people, both directly and indirectly.

Adani Defence Systems' investment in Telangana

Adani Defence Systems and Technologies Limited will invest over Rs 1,000 crore in 10 years to set up a comprehensive ecosystem for the research, development, design, manufacturing and integration of counter-drone and missile systems at the Adani Aerospace Park.

The ecosystem developed through these projects would significantly enhance the defence capability of India and would provide employment to over 1,000 people.

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