ADAG plans to invest Rs 70,000 crore in MP over five years | india | Hindustan Times
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ADAG plans to invest Rs 70,000 crore in MP over five years

india Updated: Oct 23, 2010 15:56 IST
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Unveiling mega investment plans for Madhya Pradesh which almost compete with the state's plan outlay, ADAG chairman, Anil Ambani, said the group would invest Rs 70,000 crore over the next five years in various sectors making it the largest investor in the state.

Speaking at a Global Investors' Summit here, he said that his group would invest in sectors like power, mining, cement, Coal Bed Methane (CBM) and telecommunication. The state’s plan outlay over the next five years would be Rs 1,00,000 crore whereas RADAG's investment in the same period would be over Rs 70,000 crore, he pointed out.

Giving details about the slew of projects the group has chalked up, The Reliance Anil Dhirubhai Ambani Group chairman said it would set up 12,000 MW power plant using ultra super-critical technology.

In case of coal, he said the group would develop the country’s largest private sector mine in the state with a production capacity of 25 million tonnes of coal per annum. As regards cement, he said that the group would set up 10 MTPA of cement capacity in the state which would be enhanced to 20 MTPA.

Anil said that his group was committed to education and plans to build Dhirubhai Ambani Institute of Information and Communication Technology (DAIICT), a world class institute in Bhopal.