NewsVoir | 24 Aug, 2015
Adani Group, a global integrated player, today signed a MOU with the Government of Chhattisgarh to develop two critical projects in the state. The project cost for both the projects is estimated to be around INR 25, 200 crore. The MOU was signed in the presence of Mr. Raman Singh, Honâable Chief Minister, Chhattisgarh, Mr. Amar Agrawal, Honâable Minister of Industry, Mr.Vivek Dhandh, Chief Secretary of State and Mr. Rajesh Adani, Managing Director, Adani Enterprises Ltd.
The two projects comprise of a Coal to PolyÃ¢ÂÂgeneration (CTP) Project and a Rice Bran Solvent Extraction Plant & Refinery. The MOU was signed by Mr. Subodh Kumar Singh, Secretary-Industries of the State and Mr. Rajesh Jha and Mr. KS Varshney from the Adani Group.
Speaking on the development Mr. Gautam Adani, Chairman, Adani Group, said, âThe Adani Group remains committed to helping India on its path to attaining energy sufficiency. These projects will help the state of Chhattisgarh strengthen its overall socio economic status. We also feel these two projects will play an instrumental role in assisting the larger national agenda of inclusive growth for all and is demonstrative of our continuous efforts of nation buildingâ.
Speaking on the occasion, Dr. Raman Singh, Honâable Chief Minister, Chhattisgarh said, âWe are delighted with this development and glad to be associated with the Adani group. Both these projects will not only enhance the economic growth of the state but will also create substantial employment opportunities for the people of Chhattisgarhâ.
The first project to be set up is a Coal to PolyÃ¢ÂÂgeneration (CTP) Project consisting of Ammonia/Urea and Substitute Natural Gas (SNG) Complex via gasification of Indian high ash coal sourced from within the state. The project cost is estimated to be more than INR 25, 000 crore and includes Coal to Urea, Coal to SNG Plant and Coal based Thermal Power Plant.
The CTP project has the potential to generate 5000 jobs as well as substantial revenue to the state of Chhattisgarh. In addition to this, the project will strengthen the overall socioÃ¢ÂÂ economic status of Chhattisgarh State.
The Proposed CTP Project of Adani Enterprises Ltd. (AEL) is a unique Project, being set up for the first time in India, based on Coal to Synthetic Energy. Based on the various studies, Adani Enterprises Ltd. believes that the CTP, project would add significant value to the Indian economy. The project will not only help ensuring energy security for India but also drive macroeconomic growth through the coal based fuel.
The second project comprises of setting up a Rice Bran Solvent Extraction Plant and a physical Refinery packing plant at Rajnandgaon in the state of Chhattisgarh. The project cost is estimated to be around INR 200 crore and has the potential to generate more than 600 jobs in the state of Chhattisgarh. The proposed project will not only help in increasing the potential of rice bran oil production in the state but will also help in generating employment and economic growth in the region of operation.
About The Adani Group:
The Adani Group is one of Indiaâs leading business houses with revenue of over $10 billion.
Founded in 1988, Adani has grown to become a global integrated infrastructure player with businesses in key industry verticals - resources, logistics and energy. The integrated model is well adapted to the infrastructure challenges of the emerging economies.
The Group has also made significant inroads in the agri-infrastructure business by setting up grain storage silos and cold storage facilities, catering to storage of apples from Himachal Pradesh. We are a market leader in edible oil business with our Fortune brand of oil leading the pack.
We live in the same communities where we operate and take our responsibility towards the society very seriously. Through Adani Foundation, we ensure development and progress is sustainable and inclusive; not just for the people living in these areas, but the environment on the whole. At Adani, we believe in delivering benefits that transcend our immediate stakeholders.
Resources means obtaining Coal from mines and trading; in future it will also include oil and gas production.
Adani is developing and operating mines in India, Indonesia and Australia as well as importing and trading coal from many other countries. Currently, we are the largest coal importers in India. We also have extensive interests in oil and gas exploration. Our extractive capacity has increased three folds to 5 MMT in 2015 and we aim to extract 200 MMT per annum by 2020, thereby making Adani one of the largest mining groups in the world.
Logistics denotes a large network of Ports, Special Economic Zone (SEZ) and Multi-Modal Logistics - Railways and Ships.
Adani owns and operates seven ports and terminals â Mundra, Dahej, Kandla and Hazira in Gujarat, Dhamra in Orissa, Mormugao in Goa and Visakhapatnam in Andhra Pradesh, India. Mundra Port, which is the largest port in India, benefits from deep draft, first-class infrastructure and SEZ status. It crossed the 144 MMT mark of cargo handling in FY15. Adani is also developing terminal at Ennore in Tamil Nadu, India.
Energy involves Power generation & transmission and Gas distribution.
Adani is the largest private thermal power producer in India with an installed capacity of 10,480 MW. Our four power projects are spread out across the states of Gujarat, Maharashtra, Karnataka and Rajasthan.
We also provide a range of reliable and environment friendly energy solutions, in the form of CNG and PNG. In fact, the above-mentioned installed capacity also includes a 40 MW solar plant at Bitta, Gujarat.