Adani Group to invest Rs 42,768 crore in Tamil Nadu

Jan 09 2024 09:43 AM IST
share
Share Via
The multi-business Adani Group has decided to invest a whopping Rs 42,768 crore in Tamil Nadu in renewable energy, cement manufacturing, data centre, city gas distribution and generate 10,300 employment opportunities. The Group announced this decision during the Tamil Nadu Global Investors Meet 2024 held on Monday. A Memorandum of Understanding (MoU) was also exchanged at the investors' meeting by Karan Adani, Chief Executive Officer of Adani Ports and SEZ Limited.

The multi-business Adani Group has decided to invest a whopping Rs 42,768 crore in Tamil Nadu in renewable energy, cement manufacturing, data centre, city gas distribution and generate 10,300 employment opportunities. The Group announced this decision during the Tamil Nadu Global Investors Meet 2024 held on Monday. A Memorandum of Understanding (MoU) was also exchanged at the investors’ meeting by Karan Adani, Chief Executive Officer of Adani Ports and SEZ Limited (APSEZ) and the Tamil Nadu government. The break-up of the investments by different Adani group companies are as follows: Adani Green Rs 24,500 crore (employment 4,000), Ambuja Cements Rs 3,500 crore (5,000), Adani Connex Rs 13,200 crore (1,000) and Adani Total Gas & CNG Rs 1,568 crore (300).Investment IdeasStock Report PlusePaperWealth EditionView all Stories

Mojo Stocks - The Top 1% Picks across Markets

Top 10 Large Cap Mid Cap Small Cap
{{col.header}}
Latest
OPEN CALL
CLOSED CALL
{{s[col.key]}} {{s.change_value}}
{{ s.score.value }} - {{ s.score.call_type }}
{{ s.dot_summary.score }} - {{ s.dot_summary.scoreText }}
{{s[col.key]}} {{col.extra}}

Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News
Most Read
Kamdhenu Ventures Ltd is Rated Sell
25 minutes ago
share
Share Via
Ircon International Ltd is Rated Strong Sell
25 minutes ago
share
Share Via
BMW Industries Ltd is Rated Sell
25 minutes ago
share
Share Via
Veritas (India) Ltd is Rated Strong Sell
25 minutes ago
share
Share Via
Last Mile Enterprises Ltd is Rated Sell
25 minutes ago
share
Share Via
Aveer Foods Ltd is Rated Sell
25 minutes ago
share
Share Via