Adani group to invest Rs.25k cr to set up power, edible oil plants in Chhattisgarh
Adani Group has entered into an agreement with Chhattisgarh government to invest Rs.25,000 crore for the setting up of a power project and a rice bran oil extraction plant in the state. The MoUs were signed in the presence of Raman Singh, Chief Minister, Chhattisgarh, Amar Agrawal, Minister of Industry and Rajesh Adani, Managing Director, Adani Enterprises Ltd, the Chhattisgarh government said in a statement. The two projects— Coal to Poly‐generation (CTP) Project and a Rice Bran Solvent Extraction Plant & Refinery project, worth around Rs.25, 200 crore — are expected to leverage state’s core strengths i.e. coal and rice. “This is one of the biggest and strategic investments in the state which would ensure value addition in coal within the state and will make sure adequate supply of urea to the farmers within the state. The projects will also attract new downstream industries in the state,” Raman Singh said. Both these projects will not only enhance the economic growth of the state but will also create substantial employment opportunities for skilled manpower in Chhattisgarh, he said. The two-year long project proposed to be commissioned in Rajnandgaon is expected to offer 200 direct and 400 indirect employment opportunities and the plants set up under the project are expected to extract 3.3 lakh tonne rice bran solvent per annum and refine 66, 000 tonnes extracted material annually. Through these projects, Adani Group will produce urea, Substitute Natural Gas (SNG), sulpher, thermal power and rice bran oil, thus diversifying the core industry segment in the state.
August 25, 2015 | 4:45pm IST.