Adani announces Rs 80k cr investment in Gujarat

Adani Group Chairman Gautam Adani today announced Rs 80,000 crore investment in ports, power sector and infrastructure in Gujarat at the fifth edition of Vibrant Gujarat Summit 2011 (VGS) here.

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