Reliance, adani plan big investment in Gujarat

Gandhinagar: Reliance Industries Ltd.
and Adani Group have said the Mega investment plan in Gujarat.
This includes an investment of RS 5 Lakh Crore by RIL for their new vertical energy business and steel mill by Adani Group in a joint venture with the Posco Korean company.
Gautam Adani-Controlled Adani Group on Wednesday signed a memorandum of understanding (MoU) with the Korean Posco company to jointly establish steel making facilities in Gujarat.
“Karan Adani, CEO of Ports and Sez Adani, signed the MoU with the CEO of Posco to establish a steel factory in Gujarat for investment of Rs 37,500 Crore.
The agreement was fulfilled in front of Gujarat Bhupendra Patel’s Chief Minister in Gandhinagar on Wednesday,” said a senior government official close to development.
On Thursday, senior RIL executives are expected to sign three Mosa with the Gujarat government for the total investment of Rs 5.
67 lakh Crore.
“RIL aims to invest RS 5 Lakh Crore to regulate the hydrocarbon ecosystem in the state.
Investment RS 60,000 other Crore will go to solar projects.
The third MoU with RIL will be Jio who plans to further invest RS 7,000 Crore in Gujarat,” said Government sources.
RIL has been looking for land in Kutch for solar projects for solar projects, RIL has been looking for land in Kutch, further resource words.
The two projects will be regulated under the Mega Scheme from the State Industry Policy.
The Chairperson of RIL Mukesh Ambani has a GMS held in June 2021 announced plans to invest Rs 75,000 Crore for several years ahead of the vertical new energy business.
The company announced that it will invest RS 60,000 Crore to build four ‘Giga Factories’ to make integrated solar pv modules, electrolyer, fuel cells and batteries to store energy from the grid.
The site of these factories will be located in the new 5,000-hectare green energy giga complex in Jamnagar.
The company plans to enter the manufacture and manufacture of solar with the target of 100GW solar energy in 2030.
The company previously announced plans to build facilities for solar energy production where RIL would build an integrated solar photovoltaic module.