Adani Group is all set to invest Rs. 21,000 crore in energy, ports and renewable energy sectors in Karnataka.Gautam Adani, founder chairman of Adani Group, speaking at the Invest Karnataka 2016 – global investors meet, said that the investment climate in the state has been very conducive across the sectors where the company has presence.
Adani said: “We are investing Rs. 11,500 crore for increasing the capacity of Udupi Power Company from 1,200 MW to 1,600 MW. When this expansion happens, it will cater to 20 million households from current 9 million hourseholds.”The group is also commiting Rs. 500 crore for expanding its coal handling facilities in the state.
“To give a thrust to our renerwable energy sector, we are also planning to enter solar power generation and we plan to invest Rs. 7,000 crore to set up a 1,000 MW of solar plant in Karnataka,” Adani said.