Adani Ports to set up 2 projects in MP with Rs 3,500 cr investment

Adani Group firm APSEZ on Wednesday announced setting up a 2 million tonne capacity cement grinding unit in Guna and a propellant production facility at Shivpuri in Madhya Pradesh with a total investment of Rs 3,500 crore.

Adani Ports and Special Economic Zone Ltd (APSEZ) MD Karan Adani made the announcement at the Gwalior Regional Industry Conclave here.

He said the unit in Shivpuri is strategically aligned with the Aatmanirbhar mission to transform India from a defence importer to a defence exporter. These two projects would create over 3,500 direct and indirect jobs.

Referring to the investment made by Adani Group in Madhya Pradesh, he said "we have already invested Rs 18,250 crore and created 12,000 jobs. Gwalior is fast becoming a tourism hotspot and a pool of high-quality talent and also a key transportation and trade hub. These developments are making Gwalior one of India's emerging economic centers, attracting investments across sectors."

The Adani defence facility at Gwali