The Adani Enterprise of Adani Group has mentioned to invest over Rs 25, 000 crore for setting up urea and power project as well as rice bran oil extraction plant in Chattisgarh.
"Adani Group has signed a MoU with the government of Chhattisgarh to develop two critical projects in the state. The projected cost of both the projects is estimated to be around Rs. 25, 200 crore" the Gautam Adanu-led group said in a statement.
The two projects comprise of a coal to polygeneration (CTP) project and a rice bran solvent extraction plant and refinery, it added.
A poly-generation plant is one that simultaneously produces two or more marketable products. The memorandum of understanding (MoU) was signed between Chhattisgarh Industry Secretary Subodh Kumar Singh on behalf of the state and Rajesh Jha and KS Varshney from the Adani Group.
For complete story, visit: http://economictimes.indiatimes.com/industry/indl-goods/svs/metals-mining/adani-group-to-invest-3-75-billion-in-coal-gasification-project-in-chhattisgarh/articleshow/48653985.cms
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