Major Corporates Pledge Rs 4 Lakh Crore Investments in Madhya Pradesh

New Delhi, Feb 25 (KNN) In a significant boost to Madhya Pradesh’s economic landscape, leading conglomerates, including Adani Group, Reliance Industries (RIL), and NTPC, have committed investments totalling around Rs 4 lakh crore across various sectors during the state’s investment summit on Monday.

Adani Group led the announcements with a massive Rs 1.1 lakh crore investment across pumped storage, cement, mining, smart meters, and thermal energy.

Chairman Gautam Adani revealed plans for an additional Rs 1 lakh crore investment in a greenfield smart city, a major airport, and a coal gasification project.

“These are not just investments; they are milestones in a shared journey that will make Madhya Pradesh a national leader in industrial and economic growth,” Adani stated. The group’s projects are expected to generate over 1.2 lakh jobs by 2030.

Reliance Industries committed Rs 60,000 crore towards biofuel projects, aligning with its focus on renewable energy and sustainability.

State-owned NTPC announced plans to invest Rs 1.2 lakh crore in establishing 2 GW of renewable energy capacity. The company is also considering an additional Rs 80,000 crore for two greenfield nuclear power plants.

Renewable energy firm Avaada Group signed an MoU to invest Rs 50,000 crore in solar, wind, battery energy storage systems, and pumped storage projects, along with setting up green energy equipment manufacturing facilities.

Other key commitments include Torrent Power’s Rs 26,500 crore for renewable projects, PFC’s Rs 26,800 crore, and REC’s Rs 21,000 crore in financial support. OPG Power Generation also announced a Rs 13,400 crore investment in battery storage, green hydrogen, and hybrid energy projects.

These investments signal Madhya Pradesh’s growing role in India’s energy transition and industrial growth.

(KNN Bureau)