Adani Group to invest Rs.9,000 crore in Andhra Pradesh
Saturday - February 24, 2018 5:04 pm ,
Category : BUSINESS
Adani Group to invest Rs.9,000 crore in Andhra Pradesh
Visakhapatnam Feb 24 (IANS) Adani Group will invest Rs 9 000 crore in projects across different sectors in Andhra Pradesh it announced on Saturday.
Gautam Adani Chairman Adani Group made the announcement at the inaugural session of "CII Partnership Summit" in this coastal city.
He said the investment would be made in the state over the next five years.
The group signed several Memorandums of Understanding (MoUs) with the Andhra Pradesh government on the first day of the three-day event.
He said the Adani Group would develop a greenfield seaport at Bhavanapadu in Srikakulam district.
Adani also announced setting up of a 1 000MW renewable energy project and battery storage facility in the state.
--IANS
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