Adani Group to invest Rs 80,000-cr investment in Guj

Adani Group Chairman Gautam Adani on Wednesday announced Rs 80,000 crore investment in ports, power sector and infrastructure in Gujarat at the fifth edition of Vibrant Gujarat Summit (VGS) in Gandhinagar .

He, however, did not specify the timeline for the investments.

"On the occasion of VGS, we announce an investment of more than Rs 80,000 crore in port, power generation and infrastructure in Gujarat," Adani said, while speaking at VGS.

"While two new ports - one each at Hazira and Dholera - are being developed, we are also expanding the existing ports at Mundra and Dahej. With this, we have a goal to create 200 million tonnes per annum of port handling capacity by the year 2015," he said.

"In power generation while we have commissioned 2,000 megawatt at Mundra, additional 2,600 megawatt will be commissioned by March 2012. Further, we are also building 3,300 megawatt at Bhadreshwar in Kutch, 600 megawatt at Dahej and 4,000 megawatt at Dholera SIR," Adani said adding all the above power plants shall be completed to create a capacity of 15,000 megawatt by 2015.

"As an integrated infrastructure conglomerate, we are also developing LNG terminal, infrastructure parks, supporting railway lines and supporting facilities," Adani 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 realised," he added.