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Adani Group to invest Rs one lakh crore in Karnataka for 7 years, Energy News, ET EnergyWorld | Rare Techy


Adani Group to invest Rs one lakh crore in Karnataka for 7 years

The Adani Group has plans to invest nearly Rs 1 lakh crore over the next seven years in Karnataka as it seeks to expand its footprint in various sectors, Adani Ports and SEZ Limited CEO Karan Gautam Adani said on Wednesday. He said that having invested more than Rs 20,000 crore in Karnataka so far, the business group is active in various sectors in the state, ranging from cement, electricity, city piped gas and edible oil to transportation, logistics and digital.

Adani was speaking at the inaugural three-day event ‘Invest Karnataka 2022’-Global Investors Meet.

“When I combine all the sectors that we will invest (in) and that we will grow in the state of Karnataka, we will see almost Rs 1 lakh crore investment in the next seven years,” Adani said.

“As the largest solar power developer, Adani Group will invest more in the renewable energy sector in Karnataka,” he said.

The company has an installed cement production capacity of over seven million tonnes across four plants in Karnataka, and it will also look to expand its footprint in this sector, he said.

Mangaluru International Airport (owned by Adani Airport Holdings, a subsidiary of Adani Group), is undergoing a facelift and “we will expand that airport as well”, the CEO said.

Adani Wilmar is increasing its presence in Karnataka’s coastal city of Mangaluru, he added.


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