You are here: Home » Companies » News
Business Standard

TN Global Investors Meet: Adani Group to invest Rs 12,000 crore in state

Karan Adani said Tamil Nadu is one of the most progressive states in India

T E Narasimhan  |  Chennai 

File photo of one of Adani Group's projects

Chief Executive Officer (CEO) on Wednesday said would be signing a memorandum of understanding (MoU) to invest Rs 12,000 crore in across various projects, including logistics, industrial park,

Speaking at the Global Investors Meet, which was inaugurated in Chennai today, said is one of the most progressive states in India.

made its first investment in the state by setting up a container terminal seven years ago. Three years, it also acquired and is currently planning to make it one of the largest ports in the country.

The company is looking at expanding total cargo handling capacity at Kattupalli (North of Chennai) to 320 million tonnes (MT) from existing 24.65 MT. The total capital cost for the proposed development is estimated over Rs 52,400 crore and is likely to generate employment for around 6,000 people, directly and indirectly. It has filed a revised plan with the Ministry of Environment,

First Published: Wed, January 23 2019. 12:34 IST