Adani Group’s Major Investment: Rs 12,400 Crore for Data Centre and Energy Projects in Telangana

The Adani Group, one of the world’s largest infrastructure conglomerates, has announced that it will invest over Rs 12,400 crore in various projects in Telangana over the next 10 years. The group signed four memorandums of understanding (MoUs) with the state government at the World Economic Forum 2024 in Davos on Wednesday. The group said that these MoUs will help build the foundations for economic growth of Telangana that is green, sustainable, inclusive, and transformative.

Benefits for Telangana
The investment by the Adani Group will bring multiple benefits for Telangana, such as:

• Creating employment opportunities for over 10,000 people, both directly and indirectly, across various sectors.
• Enhancing the industrial and infrastructural development of the state with projects in data centre, energy storage, cement, and defence.
• Promoting green and renewable energy sources with a 100 MW data centre powered by solar and wind energy and two pump storage projects that can store excess energy and reduce carbon emissions.
• Strengthening the defence and security of the nation with a comprehensive ecosystem for counter drone and missile systems.
• Working with local MSMEs and startups to develop a globally competent supplier base and foster innovation and entrepreneurship.

Details of the Projects
The projects that the Adani Group will undertake in Telangana are:

• A 100 MW data centre that will be set up by Adani Enterprises Ltd (AEL) at a cost of Rs 5,000 crore. The data centre will use green energy from Adani Green Energy Ltd (AGEL), which will also set up two pump storage projects in the state.
• Two pump storage projects (PSPs) with a total capacity of 1,350 MW that will be set up by Adani Green Energy Ltd (AGEL) at a cost of Rs 5,000 crore. The PSPs will be located at Koyabestagudem (850 MW) and Nacharam (500 MW). PSPs are a type of hydroelectric power plant that can store excess energy from renewable sources and release it when needed.
• A 6 million tonne per annum (MTPA) cement plant that will be set up by Ambuja Cements, a subsidiary of Adani Group, at a cost of Rs 1,400 crore. The cement plant will be spread over 70 acres and will be completed in the next five years.
• A comprehensive ecosystem for the research, development, design, manufacturing and integration of counter drone and missile systems that will be set up by Adani Defence Systems and Technologies, another arm of Adani Group, at a cost of Rs 1,000 crore. The project will be completed in 10 years and will be located at the Adani Aerospace Park.

The Adani Group said that these projects are part of its seven trillion-rupee expenditure plan for the next decade in India.