Adani Group on Monday signed a memorandum of understanding (MoU) with the Chhattisgarh government to develop two critical projects in the state at an estimated cost of around Rs 25,200 crore.
The two projects comprise of a Coal to Poly‐generation (CTP) Project and a Rice Bran Solvent Extraction Plant & Refinery.
The first project to be set up is a Coal to Poly‐generation (CTP) Project consisting of Ammonia/Urea and Substitute Natural Gas (SNG) Complex via gasification of Indian high ash coal sourced from within the state. The project cost is estimated to be more than Rs 25, 000 crore and includes Coal to Urea, Coal to SNG Plant and Coal based Thermal Power Plant. The CTP project has the potential to generate 5000 jobs as well as substantial revenue to the state of Chhattisgarh.
The second project comprises of setting up a Rice Bran Solvent Extraction Plant and a physical Refinery packing plant at Rajnandgaon in the state of Chhattisgarh. The project cost is estimated to be around Rs 200 crore and has the potential to generate more than 600 jobs in the state of Chhattisgarh.
Adani Group chairman Gautam Adani said, “The Adani Group remains committed to helping India on its path to attaining energy sufficiency. These projects will help the state of Chhattisgarh strengthen its overall socio economic status. We also feel these two projects will play an instrumental role in assisting the larger national agenda of inclusive growth for all and is demonstrative of our continuous efforts of nation building.”