Sandev Renewable will invest Rs 4330 crore
Many other companies including Mukesh Ambani’s Reliance Industries and Gautam Adani’s Adani Group will invest Rs 4 lakh crore in Madhya Pradesh. These companies committed investment at the ‘Invest Madhya Pradesh’ Global Investors Summit held in Bhopal. Apart from Reliance and Adani, these companies also include government power company NTPC. Gautam Adani announced an investment of more than Rs 1.10 lakh crore in pump storage, cement, mining, smart-meter, smart city, airport and thermal energy, while Reliance has been worth Rs 60,000 crore to set up a bio fuel project in the state. Committed investment.
More than 1.20 lakh jobs will be born in Madhya Pradesh by 2030
During the state’s Global Investors Summit, Adani said, “Today I am proud to announce a new investment of more than Rs 1,10,000 crore in pump storage, cement, mining, smart meters and thermal energy areas. -Regional Investment will produce more than 1,20,000 jobs in Madhya Pradesh by 2030. ” Adani called these projects as ‘a milestone of shared journey of development of Madhya Pradesh’, saying that these projects will lead the state to the national level in industrial and economic growth.
NTPC will invest Rs 1.20 lakh crore in MP
NTPC Chairman and Managing Director (CMD) Gurdeep Singh said that his company, its subsidiaries and its partners in joint ventures would invest Rs 1.20 lakh crore to establish two GW renewable energy production capacity in Madhya Pradesh. NTPC will also consider investing Rs 80,000 crore in two sites of new nuclear power plants in the state. Vineet Mittal, chairman of Avada of renewable energy sector, said that the company has planned to invest Rs 50,000 crore in developing solar, wind and pump storage and battery storage projects and solar photovoltaic module manufacturing facilities in the state.
Torrent Power committed an investment of Rs 26,500 crore
Ahmedabad -based Torrent Power committed an investment of Rs 26,500 crore in the state in renewable energy projects. Power Finance Corporation (PFC) and Rural Electrication Corporation (REC) committed to provide loans of Rs 26,800 crore and Rs 21,000 crore for upcoming projects in the state respectively. OPG Power Generation Private Limited promised an investment of Rs 13,400 crore in the establishment of a manufacturing facility for power generation facility for power generation for power generations in the state, small modular reactors, green hydrogen and hybrids (in one place).
Sandev Renewable will invest Rs 4330 crore
Sunil Jain, the founder of Sandev Renewables, expressed his desire to invest more than Rs 4,330 crore in the next five years to set up a new 750 MW data center in the state. Chief Minister Mohan Yadav while addressing the attendees during the signature ceremony on the MoU said that the state has achieved new achievements on the inauguration of the global investor conference. He said that countries around the world have expressed confidence in the pace of India’s progress and leadership in various fields.
Mohan Yadav said that while large -scale investment commitment has been expressed by big companies, there is also a plan to invest adequately for those wishing to avail the business possibilities of the state. The final figure of investment will come out after the state government released a complete list of commitments of different companies at the closing ceremony held on Tuesday of the two-day global investor conference released in Bhopal.
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