Adani Group to pump in Rs 7.5 bn in West Bengal's Haldia oil refinery

Adani Group today said it would invest Rs 7.5 billion to double the capacity of the company's edible oil refinery at Haldia in West Bengal.

Announcing this at the second and last day of the Bengal Global Business Summit (BGBS) here, Pranav Adani of the Adani Group expressed interest to invest in port, agri and power sectors.

Adani said Rs 7.5 billion would be pumped in to double the capacity of the edible oil refinery at Haldia from 1600 tonne per day in the next five years.

Packaging would also be expanded from 1200 tonne to 1800 tonne.

Stating that they will also be exploring in the business of agri-logistics and warehousing in the state, Adani said the group wants to replicate Mundra port of Kutch in Bengal, given the opportunity.

The state government has been planning to develop two deep sea ports.

In power sector, Adani said, they are keen on offering their expertise in transmission and renewable energy.

West Bengal received investment proposals worth Rs 170 billion on the first day of BGBS from leading industrialists of the country.

Reliance Industries Chairman Mukesh Ambani announced an investment of Rs 50 billion in retail and petroleum outlets, while JSW Group Chief Sajjan Jindal said the state would receive investments worth Rs 100 billion in cement capacity expansion, steel, paints and power over the next 3-4 years.