Adani, Reliance & NTPC pledge Rs 4 lakh crore investment in Madhya Pradesh

During the eighth edition of the Madhya Pradesh Investment Summit, over a dozen companies, including major players like Gautam Adani’s group, Reliance Industries, and state-owned NTPC, committed nearly Rs 4 lakh crore in investments across various sectors in Madhya Pradesh.
This investment push comes as the state showcases its vast opportunities and potential for growth.
Adani Group pledged Rs 1.10 lakh crore towards a range of projects, including pumped storage, cement, mining, smart meters, and thermal energy, reported news agency PTI.
Adani Group also announced an additional Rs 1 lakh crore for a greenfield smart city, an airport project, and a coal-gasification venture, all in collaboration with the state government. Adani emphasized that these investments will create over 1.2 lakh jobs in Madhya Pradesh by 2030.
"Today, I am proud to announce over Rs 1.10 lakh crore in investments across several sectors, which will pave the way for Madhya Pradesh to emerge as a national leader in industrial and economic growth," said Adani.
NTPC also made a significant commitment, with its subsidiary NTPC Green Energy Ltd (NTPC-NGEL) and Madhya Pradesh Power Generation Company Ltd (MPPGCL) signing an MoU to invest Rs 1.20 lakh crore in renewable power generation, targeting 20 GW capacity. In addition, NTPC plans to invest another Rs 80,000 crore for the development of greenfield nuclear power plants in the state.
Renewable energy company Avaada plans a Rs 50,000 crore investment in solar, wind, pumped hydro storage, battery storage projects, and photovoltaic module manufacturing in the state. Similarly, Torrent Power committed Rs 26,500 crore for renewable energy projects.
Power Finance Corporation (PFC) and Rural Electrification Corporation (REC) will lend Rs 26,800 crore and Rs 21,000 crore, respectively, for projects in Madhya Pradesh.
Other notable commitments include OPG Power Generation Pvt Ltd, which plans to invest Rs 13,400 crore in manufacturing facilities for battery storage systems, small modular reactors, green hydrogen, and hybrid power generation.
Chief Minister Mohan Yadav celebrated the success of the summit, noting that these investments are just the beginning. He highlighted that Madhya Pradesh has gained confidence from global investors, paving the way for further opportunities and developments in the state’s economy.
MP Public Works Department (PWD) and NHAI signed a Rs 1 lakh crore agreement for the development of a high-speed corridor.
The two-day summit is expected to see further announcements, with more investment deals and MoUs expected to be finalized by Tuesday. CM Yadav expressed confidence that the summit would transform Madhya Pradesh into a key economic hub in India.