Anil Ambani group plans to invest Rs 75K cr in MP
Reliance Anil Dhirubhai Ambani group (ADAG) is set to become the biggest private investor in Madhya Pradesh, with plans to spend Rs75,000 crore in energy, mining, cement production and telecommunications over the next five years.india Updated: Oct 23, 2010 23:42 IST
Reliance Anil Dhirubhai Ambani group (ADAG) is set to become the biggest private investor in Madhya Pradesh, with plans to spend Rs75,000 crore in energy, mining, cement production and telecommunications over the next five years.
Announcing this at a global investors’ meet here on Saturday, chairman Anil Ambani said ADAG was setting up a mega power plant using ultra super-critical technology at Chitrangi in Singrauli district.
The project, along with the Sasan ultra mega power project in the same district, will generate 1,250 MW annually.
“The two projects will employ 100,000 people in the next five years,” Ambani said.
The group plans to establish a cement production plant using fly ash, with a capacity of 20 million tonnes a year.
It is building the Dhirubhai Ambani University and Dhirubhai Ambani School of Technology and Communication in capital Bhopal. The state government has already allotted 100 acres for the university.
The group is also planning an institute for environment, ecology and wildlife protection.
Ambani arrived in Khajuraho after a visit to the Mahakaleshwar temple in Ujjain to seek the blessings of Lord Shiva.
Striking a personal note, Ambani recalled his mother had once asked him to accompany her to both Omkareshwar and Mahakaleshwar temples.
“Unless we become an integral part of the seven crore people (of the state), it is unlikely that that we will succeed here,” he said.
The group has 11 million shareholders, of which half a million are in Madhya Pradesh. ADAG’s telecom unit, Reliance Infocom, has five million mobile phone subscribers in the state as well, Ambani added.
First Published: Oct 23, 2010 23:36 IST