Don’t miss the latest developments in business and finance.

Adani to raise investment by $4.39 crore in Odisha

The increased investment will create 10,000 new jobs in the state, says Adani

Gautam Adani
File photo of Indian billionaire Gautam Adani. Photo: Reuters
Reuters Bhubaneswar
Last Updated : Dec 01 2016 | 3:25 PM IST
Adani Group will increase its investments in the eastern state of Odisha by about 30 billion rupees ($438.87 million) for a total of 150 billion rupees, Chairman Gautam Adani said on Thursday, without providing a specific timeline.

The increased investment will create 10,000 new jobs in the state, Adani said at an investment conference, adding his Group has invested more than 120 billion rupees so far in the state.

Adani added the group plans to double the capacity of its Dhamra port in the state to 50 million tonnes by March 2017.

Also Read

First Published: Dec 01 2016 | 3:25 PM IST

Next Story