Gujarat-based Adani Group will invest Rs 2,000 crore in more than trebling its rail network from about 90 kms currently to around 290 kms in the next 3-4 years.

The execution of additional rail tracks would be undertaken by group firm Adani Rail Logistics Pvt Ltd.  "We will add about 200 kms of rail tracks in the next 3-4 years with an investment of Rs 2,000 crore," Adani Rail Logistics Pvt Ltd CEO Yogendra Sharma told reporters on the sidelines of an event organised by industry chamber Assocham.     

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Another 64 kms of rail network would be added for doubling its rail line to Mundra Port in Gujarat from the nearest railway station.     

The investments would be "project-specific" and the various group firms would arrange for the required funds, Sharma said.  The railway lines would not only cater to Adani Group businesses but also carry third-party cargo, he added. 

The group has diversified business interests with operations in oil and gas, ports, logistics, real estate, edible oil and IT enabled services.

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