Adani to emerge as one of the largest investors in Tamil Nadu

The Adani Group signed memorandums of understanding (MoU) for investment of over Rs 42,700 crore with Tamil Nadu at the Global Investors Meet 2024 today. The biggest investment of Rs 24,500 crore will be made by Adani Green Energy Ltd in three pump storage projects (PSP) in the next 5-7 years aimed to increase the hydel power in the state.

Tamil Nadu Chief Minister MK Stalin, State Industries Minister TRB Rajaa and the Managing Director of Adani Ports and Special Economic Zone, Karan Adani, were present at the signing of the MoUs, along with Cabinet Ministers and Secretaries of various government departments.

Adani Connex will invest Rs 13,200 crore in a hyper scale data centre over the coming seven years, while Ambuja Cements will invest Rs 3,500 crore in three cement grinding units in the next five years. Adani Total Gas Ltd will invest Rs 1,568 crore in eight years.

"Today's Tamil Nadu is a standout example of stability, a well-established industrial ecosystem, advanced infrastructure, total connectivity, safe and secure neighborhoods, business-friendly policies with an able and efficient team of officers, and a diverse and highly-skilled workforce with more women in the ranks than anywhere else in the country!" Karan Adani said.

The Adani Group's presence in Tamil Nadu spans several rapidly accelerating sectors, including ports and logistics, edible oil, power transmission, city gas distribution, data centres, green energy, and cement manufacturing. Adani Ports and Special Economic Zone, its integrated ports and logistics company, is currently operating the Kattupalli and a container berth at Ennore Port - and, so far, has invested a total of Rs 3,733 crore in Tiruvallur district. The two ports collectively cater to the hinterland in the Chennai and Sri City regions and are well-positioned to meet the EXIM requirements of the region.

Adani Green Energy will be investing in Pumped Storage Power plants in Tami Nadu and in hydroelectric energy storage systems that use the force of gravity to generate electricity. It is targeting a total capacity of 4,900 MW through facilities in Thenmalai, Alleri and Aliyar. For this clean energy project that will create over 4,400 job opportunities, the Adani Group will invest around Rs 25,000 crore.

The Group operates Chennai's most advanced data centre, located near the SIPCOT IT Park, to meet the data requirements of the state's well-established IT industry. With 33 MW capacity, the Adani-EdgeConnex data centre is a network-neutral facility, powered by renewable energy. It will now be raised to a 200 MW data centre with an investment of Rs 13,200 crore, which will be one of India's largest single-location investments in digital infrastructure.