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Sun Petrochemicals
Sun Petrochemicals has signed a MoU with the Telangana government for setting up large-scale pumped storage hydro power projects in the state with an investment of Rs 45,000 crore. The projects, "one of the single-largest investment deals ever", will come up in Nagarkurnool, Mancherial, and Mulugu districts of Telangana and are expected to create 7,000 jobs over a period, a release from the state government said. "These projects will have a combined capacity of 3,400 MW and will be complemented by downstream integrated solar power plants with a capacity of 5,440 MW. With an estimated investment of Rs 45,500 crore, this ambitious venture is expected to create over 7,000 jobs during the construction phase, significantly contributing to the socio-economic development of the State," it said. The pact was signed on the sidelines of the World Economic Forum being held in Davos. "Broadbasing the investment base and scope of Telangana, our government has been giving equal importance to all
The Bihar government on Friday said it has attracted record investment proposals of nearly Rs 1.81 lakh crore across different sectors such as renewable energy, food processing and manufacturing from an array of corporates, including the Adani Group, Sun Petrochemicals, and others. At the end of the two-day global investors' summit Bihar Business Connect 2024, Industries Secretary Bandana Preyashi said the Bihar government has signed MoUs for setting up 423 units with an investment of Rs 1,80,899 crore. "We are overwhelmed with the response from corporates. It is beyond our expectations. We have received investment proposals of over Rs 1.8 lakh crore," she told reporters here. Sun Petrochemicals and Adani Group were among an array of industrial houses that lined up a record Rs 1.8 lakh crore investments across sectors in Bihar, more than triple of Rs 50,300 crore the state received at its maiden investor meet last year. Preyashi said Sun Petrochemicals will invest Rs 36,700 crore i