By PTI Jan 18, 2019 3:23:11 PM IST (Published)
The Rs 55,000 crore investment announced Friday does not include the petrochemical plant Adani plans to set up in a joint venture with BASF at Mundra.
Billionaire Gautam Adani Friday announced over Rs 55,000 crore investment in next five years in a clutch of projects in Gujarat including the world's largest solar park, a copper plant, a cement unit, and a lithium battery manufacturing complex. Adani Group, which operates Mundra port in the state, had Thursday announced plans to foray into petrochemical business with a Rs 16,000 crore project with German chemical major BASF.
Speaking at the 9th Vibrant Gujarat Summit here, Adani said his group's investments in Gujarat in the past five years exceed Rs 50,000 crores and "we are further accelerating our investments."
"Over the next 5 years, our investments will include the world's largest solar hybrid park in Khavda. The anticipated investment in this park is Rs 30,000 crore.