Adani Green Energy Ltd (AGEL), part of Adani Group, will invest over INR 5,000 crore in setting up 1.35 GW of pump storage projects in the Indian state of Telangana. The projects include 850 MW at Koyabestagudem and 500 MW at Nacharam.
Adani Enterprises Ltd (AEL), also part of Adani Group, will invest over INR 5,000 crore in a 100 MW data centre, powered by renewable energy, in Telangana. The company will make the investment over the coming 5-7 years. AEL will work closely with local MSMEs and startups to develop a globally competent supplier base for the project. It would provide employment, both direct and indirect, to 600 people.
The Adani Group companies and the Government of Telangana signed MoUs for the proposed investments recently at the World Economic Forum 2024.
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