Adani Group to invest Rs 3,500 crore in two projects in Madhya Pradesh

Adani Group comprises Adani Ports and Special Economic Zone Limited, an Indian multinational port operator and logistics company. Gwalior is fast growing as a travel destination, a center of commerce and transportation, and a pool of top talent. Due to all of them, Gwalior is becoming one of the developing economic hubs of India and drawing in investments from various industries. Madhya Pradesh is now known as a global center for small arms manufacturing thanks to the Adani Defence facility in Gwalior, which is the largest small arms plant in the nation. Karan Adani, Managing Director of Adani Ports and SEZ Limited (APSEZ), made the following statement at the 2024 Regional Industrial Conclave in Gwalior: “We are witnessing a remarkable period of progress in India—an era of amazing growth.” Under the visionary leadership of our Prime Minister Narendra Modi ji, along with capable assistance from leaders such as Jyotiraditya Scindia ji, India is enjoying a remarkable transformation. In his capacity as the Minister of Civil Aviation, Scindia Ji was instrumental in changing the aviation industry in India.”

The Adani Group is going to invest Rs. 3500 crore in Madhya Pradesh:

At a Gwalior event on August 28, Karan Adani, CEO of Adani Ports and SEZ, revealed that the Adani Group intended to invest Rs 3,500 crore to establish cement grinding and propellant production units in Madhya Pradesh.

“In Guna, the Adani Group intends to establish a 2 million tonne cement grinding facility. Additionally, the Adani Group plans to build a cutting-edge propellant production facility in Shivpuri. The strategic alignment of this Shivpuri unit with the Aatmanirbharta mission of turning India from an importer of defense materials to an exporter of defense is noteworthy.” The CEO of Adani Ports and SEZ, Karan Adani, stated that these two projects would generate over 3500 direct and indirect jobs with an investment of Rs 3500 crore.”

The Adani Group claimed to have already contributed Rs 18,250 crore to the creation of 12,000 jobs in Madhya Pradesh. Adani stated, “Gwalior is soon becoming a tourism hotspot, a pool of highly qualified talent, as well as a key transportation and trade hub.” These developments are also transforming the city into an emerging economic center that is drawing in investments from a variety of industries. He claimed that Adani’s defence plant in Gwalior, which has made the city famous worldwide, is the biggest small arms plant in India.

Stock price of Adani Ports: 

Adani Ports and Special Economic Zone Ltd. stock price is currently at Rs. 1,464.45 per share today, slightly down.

Conclusion: Adani Group is creating more jobs and expansion opportunities in Madhya Pradesh, especially in Gwalior, by investing Rs. 3500 crore in 2 projects.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.