Adani Group will invest Rs 25,200 crore in Chhattisgarh to develop two projects – a coal to poly-generation (CTP) facility and a rice bran solvent extraction plant & refinery. An MoU to this effect was signed between the group and the Government of Chhattisgarh on August 24, 2015.
Coal to poly-generation project, which will witness investment of Rs 25,000 crore, will consist of ammonia/urea and substitute natural gas (SNG) complex via gasification of Indian high ash coal sourced from within the state. The project includes coal to urea, coal to SNG plant and coal-based thermal power plant.
The proposed CTP venture of Adani Enterprises Ltd (AEL) is a unique project, being set up for the first time in India, based on coal to synthetic energy. The project will not only help ensuring energy security for India but also drive macroeconomic growth through the coal based fuel.
The second project, a rice bran solvent extraction plant and a refinery packing plant, will be set up at Rajnandgaon (Chhattisgarh) with an estimated investment of Rs 200 crore. The proposed project will not only help in increasing the potential of rice bran oil production in the state but will also help in generating employment and economic growth in the region of operation.
Gautam Adani, chairman, Adani Group, said, “The Adani Group remains committed to helping India on its path to attaining energy sufficiency. These projects will help the state of Chhattisgarh strengthen its overall socio economic status. We also feel these two projects will play an instrumental role in assisting the larger national agenda of inclusive growth for all and is demonstrative of our continuous efforts of nation building.”
Dr Raman Singh, Chhattisgarh Chief Minister, said, “We are delighted with this development and glad to be associated with the Adani group. Both these projects will not only enhance the economic growth of the state but will also create substantial employment opportunities for the people of Chhattisgarh.”