In a significant move, the Adani Group has pledged investments exceeding ₹42,700 crore in Tamil Nadu across various sectors, marking a substantial commitment to the state’s economic growth. The Memorandums of Understanding (MoUs) were signed at the Tamil Nadu Global Investors Meet, with notable investments in green energy, data centers, cement manufacturing, and gas distribution.
The largest share of the investment, amounting to ₹24,500 crore, will be made by Adani Green Energy Ltd in three pump storage projects (PSP) over the next 5-7 years. These projects aim to harness hydroelectric energy storage systems, utilizing gravity to generate electricity. The clean energy initiative, with a targeted capacity of 4,900 MW, will be realized through facilities in Thenmalai, Alleri, and Aliyar, creating over 4,400 job opportunities.
Adani Connex, a part of the Adani Group, will invest ₹13,200 crore in establishing a hyperscale data center over the next seven years. This move aligns with the growing demand for data infrastructure, reflecting the group’s commitment to advancing digital capabilities. The Adani-EdgeConnex data center, currently operating in Chennai, will be expanded to a 200 MW capacity, becoming one of India’s largest single-location investments in digital infrastructure.
Ambuja Cements, another entity within the Adani Group, will invest ₹3,500 crore in three cement grinding units over the next five years. This investment aims to enhance cement manufacturing capacity and meet the rising demand for construction materials. The expansion will include plants in Madukkarai with a 2 million tonne capacity, and two plants in Kattupalli and Tuticorin, each with a capacity of 6 million tonnes. The project is expected to generate over 5,000 direct and indirect employment opportunities.
Adani Total Gas Ltd has committed ₹1,568 crore in investments over the next eight years, focusing on city gas distribution, liquefied natural gas for mining and trucks, and electric vehicles. This investment will contribute to enhancing energy infrastructure in the region, addressing both industrial and domestic energy needs.
Speaking at the signing ceremony, Karan Adani, Managing Director of Adani Ports and Special Economic Zone, emphasized the favorable business environment in Tamil Nadu. He praised Chief Minister MK Stalin’s efforts to position the state as a socio-economic powerhouse, attracting investments from diverse business houses, including the Adani Group.
The Adani Group’s presence in Tamil Nadu extends across multiple sectors, including ports and logistics, edible oil, power transmission, city gas distribution, data centers, green energy, and cement manufacturing. Adani Ports and Special Economic Zone, the integrated ports and logistics company, currently operates Kattupalli and Ennore Ports, having invested ₹3,733 crore in Tiruvallur district.
The investments announced at the Global Investors Meet are expected to contribute significantly to Tamil Nadu’s economic development, creating job opportunities and enhancing infrastructure. The state’s focus on fostering a conducive environment for industrial growth has attracted major players like the Adani Group, reinforcing Tamil Nadu’s position as an attractive destination for investments across diverse sectors.
