Business Hour

West Bengal to receive Rs 750 crore investment from Adani Group, Rs 5,000 crore from Reliance

Adani Group has announced its plans to double the capacity of their oil refinery at Haldia, West Bengal

With investments worth Rs 750 crore. The announcement was made on the last day of Bengal Global Business Summit 2018. Pranav Adani, the Managing Director of Adani Wilmar Ltd, showed interest in investments dedicated to agriculture, power, and shipping sectors as well.

Currently, the refinery at Haldia produces 1,600 tonnes of edible oil every day. With the investment, the produce will be doubled to 3,000-3,200 tonnes per day in the next five years. The expansion strategy includes packaging manufacture to be increased from 1,200 tonne to 1,800 tonne.

The Adani Group is also eyeing development in agri-logistics and warehousing in West Bengal. The group is strategising a replication of their Gujarat-based Mundra port in West Bengal, a plan aligned with the state government’s plan to develop two deep sea ports.



“We run the largest network of ports in the country.

Given the geographical location of West Bengal that connects to South East Asia and North-Eastern states, we look forward to bring our expertise in the state,” explains Rajesh Shantilal Adani, when asked why they chose Bengal as a location for their next port.

“We believe we can revolutionize the entire port scenario here, and it will create a massive driving force to boost employment. We seek your support for that. Given an opportunity, we would like to replicate Mundra port,” he added. Investments are set to double in the coming five years.

In addition, the Adani Group is eager to offer their resources and expertise in the renewable energy sector and power transmission infrastructure. Adani Godda power station is also upcoming power plant in Jharkhand, India. Meanwhile, Adani Gas Ltd is seeking to build a 5 mtpa Liquefied Natural Gas terminal in East India. Rajesh Adani, the Managing director of Adani Gas Ltd, was unavailable for comment on the choice of location of the gas terminal.

More Information: Adani Power

Investments in West Bengal

Were catalysed by the Bengal Global Business Summit 2018. The summit managed to invite investment commitments worth more than Rs 20,000 crore from Indian and international investors. Reliance Industries committed Rs 5,000 crore to install a host of projects in the Eastern Indian state. Similarly, the JSW Group may invest Rs 10,000 spread over the next five years in structural steel and paint sectors.

Recent Posts

Women in Politics: The Challenge of Gender Representation in Haryana

Gender representation in Indian politics has been discussed and debated for years. While progress has…

2 days ago

MS Swaminathan: A Legacy of Agricultural Transformation

Mankombu Sambasivan Swaminathan, known as MS Swaminathan, breathed his last on the morning of 28th…

2 days ago

India’s Financial Revolution: Unfolding Game-Changing Reforms for 2023 and Beyond

India is indeed a rapidly growing economy, and its financial landscape is evolving to meet…

4 days ago

The Remarkable Rise of Afghanistan’s Currency Amidst Turmoil

In an unexpected turn of events, the currency of Taliban-controlled Afghanistan has emerged as the…

4 days ago

Quad Foreign Ministers Reaffirm Commitment to Indo-Pacific Stability and UN Principles

On the sidelines of the 78th session of the United Nations General Assembly, the foreign…

1 week ago

Cauvery Water Dispute: Supreme Court Declines Intervention Amidst Brewing Tensions

In a recent turn of events, the age-old Cauvery water dispute between the southern Indian…

1 week ago