Adani Group to Invest in Edible Oil Refinery
On the second day of the 4th Bengal Global Business Summit (BGBS), Adani Group decided to invest Rs 750 crore to double the capacity of its edible oil refinery at Haldia in West Bengal. Pranav Adani, managing director of Adani Wilmar announced it and also expressed an interest to invest in port, agriculture and power sectors if given an option to do so.
The Adani group said that they are keen on exploring agri-logistics and warehousing business in the state. Also, on the power sector prospects, they will like to offer its expertise in transmission and renewable energy.
On the first day of BGBS, West Bengal received investment proposals worth Rs 17,000 crore from leading industrialists of the country. An investment of Rs 5,000 crore was announced by Reliance Industries chairman Mukesh Ambani to boost telecom arm Jio’s operations. JSW group chairman Sajjan Jindal said the group will invest Rs 10,000 crore to expand the capacity of its cement plant businesses like steel, paints and power over the next few years.