In order to strengthen its footprint in the state, the Adani company would establish two new cement manufacturing facilities, 15,000 MW of renewable energy projects, and a data center in Visakhapatnam, according to Karan Adani, a scion of the founding family.
He said at the Andhra Pradesh Global Investors Conference here that the apples-to-apples firm wants to treble the capacity of the two seaports it manages at Krishnapatnam and Gangavaram in the state, though he did not provide investment figures.
The further investments would be made on top of the Rs 20,000 crore previously made in the state, which produced more than 18,000 direct and 54,000 indirect jobs.
The group will build cement plants with a combined capacity of 10 million metric tonnes per year at Kadappa and Nadikudi in the state as well as a 400 MW data center in Visakhapatnam, according to Adani, who serves as CEO of the group’s port company Adani Ports and SEZ Ltd. and is the son of group founder and chairman Gautam Adani.
During a comparable investor gathering that the Uttar Pradesh government held in Lucknow last month, Senior Adani was noticeably absent. The previous UP investor summit was attended by Gautam Adani.
Adani Group now runs Krishnapatnam and Gangavaram, two of the largest private ports in Andhra Pradesh, with a combined capacity of 100 million metric tonnes annually, according to Karan Adani.
“We want to turn these ports into industrial port cities in addition to doubling their capacity over the next five years,” he added.
“We will be able to significantly lower the logistics costs, making these businesses much more competitive worldwide, by building industrial clusters at Krishnapatnam and Gangavaram and attracting enterprises.”
Anantapur, Kadappa, Kurnool, Visakhapatnam, and Vizianagaram are the five districts where the group is currently building 15,000 MW of renewable energy projects over the next few years.
“Cement manufacturing facilities and data centers are among our other investments in the state. We now lack the ability to manufacture cement in Andhra Pradesh. We will thus be building cement facilities in Kadapa and Nadikudi with a combined capacity of 10 million metric tonnes per year as part of our growth ambitions,” “he stated.
The team is also creating a 400-megawatt data center in Visakhapatnam.
“These projects will generate more employment opportunities and reflect our commitment to the sustained growth of the state of Andhra Pradesh,” he added.
He lauded Andhra Pradesh for having “great infrastructure, a sizable manufacturing base, skilled young people, and a business-friendly atmosphere.”
The state has been recognized by the World Bank as the top implementer of energy efficiency and conservation programmes, and it possesses India’s second-longest coastline.
On the CSR work being done by the Adani Foundation, he stated, “Our footprint in the state of Andhra Pradesh is growing as I speak on this occasion.”
“We are making investments in the state’s ecosystem for skill-building and sustainable livelihoods, as well as in education, healthcare, nutrition, access to clean water, and sports. In Nellore, Tirupati, and Visakhapatnam districts, our staff are carrying out activities. We currently have over Rs 4200 crore invested, and we are positively affecting more than 180,000 lives in the state,” he said.
Education programs that are spread among schools, 32 evening education centers with scholarship programs, and the distribution of education kits are among the social intervention and outreach initiatives it offers in 74 communities.
“To change people’s lives and ways of life in the state, we will keep working with the administration. Our participation in the state of Andhra Pradesh’s sustainable development is an honor,” he said.