THEBUSINESSBYTES BUREAU
BHUBANESWAR, JANUARY 28, 2025
In a historic commitment, the Adani Group has signed a Memorandum of Understanding (MoU) with the Odisha government to invest an unprecedented Rs 2.3 lakh crore across multiple sectors within the next five years.
The MoU was signed on Tuesday during the ‘Utkarsh Odisha-Make in Odisha Conclave’, which was inaugurated earlier in the day by Prime Minister Narendra Modi.
Adani Ports & Special Economic Zone Ltd Managing Director, Karan Adani, signed the agreement in the presence of Odisha Chief Minister Mohan Charan Majhi. The investment will span critical sectors such as power, cement, industrial parks, and aluminum, aiming to accelerate Odisha’s economic growth.
“This is the single largest investment commitment made by any group at the conclave,” stated Hemant Sharma, Additional Chief Secretary (Industries) of the Odisha Government, said while briefing mediapersons .
In addition to the MoU, six projects under Adani Total Gas Ltd (ATGL) were commissioned on Tuesday. These include infrastructure for natural gas and compressed natural gas (CNG) supply to industrial, commercial, and residential sectors, further enhancing Odisha’s energy landscape.