Adani Group Announces Investments Worth Rs 12,400 Crore In Telangana

Adani Group, has inked four agreements to invest over Rs 12,400 crore ($1.49 billion) in collaboration with the government of the Indian state of Telangana, across multiple sectors.

Adani Group Chairman, Gautam Adani, and Telangana Chief Minister A Revanth Reddy, held a meeting at the World Economic Forum in Davos that paved the way for the huge investments in the state.

The meeting saw exchange of four Memorandums of Understanding (MOUs), marking a commitment of Rs 12,400 crores across various sectors.