Adani to invest Rs 49,000 cr to extend capacity of Gujarat ports

Adani Group Chairman Gautam Adani on Tuesday announced thathis company would invest another Rs 49,000 crore in Gujarat for expanding portcapacity, setting up cement plants and its foray in the wind and solar powersectors over the next five years.

Adani Group will set up a 10 million tonnes cement clinkerplant at an investment of Rs 5,500 crore and another Rs 2,000 crore in adesalination plant in Gujarat, he said at the 8th Vibrant Gujarat Global Summithere.

Adani Enterprises has already incorporate a new company,Adani Cementation (ACL), which will carry on the cement business. He said thefresh investment would create an additional 25,000 jobs in the state bothdirectly and indirectly.

In the past 5 years, we have invested Rs 48,000 crore inGujarat, Adani said. Adani Ports, India's largest private port and logisticscompany, in the next five years will invest Rs 16,700 crore to expand capacityof all its Gujarat ports at Mundra, Dahej, Hazira and Ajira and Tuna, he said.

Adani said the group is also accelerating its investment inrenewable energy.