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Adani Group mulls Rs 50,000 crore investments in Jharkhand

Industry Agriculture

Adani Group is planning a multi – phase urea, methane, power and substitute natural gas (from coal) unit in Jharkhand. The company has signed a MoU with Jharkhand Govt. The capacity of phase-I is urea-1.3 MMTPA, methanol-3.3 MMTPA, SNG-8 and 4000 MW power. The expected year of production of phase-I is within five years of signing of stage-II MoU. The phase-II would commence after three years of commencement of phase-I commercial production. Estimated cost of the project is around Rs 50,000.

Extracted from ET, June 26,’15

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