Global integrated player, Adani Enterprises Ltd has informed in a filing to BSE that it has signed a MOU with the Government of Chhattisgarh to develop two critical projects in the state. The project cost for both the projects is estimated to be around Rs 25, 200 crore.
The MOU was signed in the presence of Chhattisgarh Chief Minister Raman Singh, Minister of Industry Amar Agrawal, Chief Secretary of State Vivek Dhandh and Adani Enterprises Ltd Managing Director, Rajesh Adani.
Speaking on the development, Adani Group Chairman Gautam Adani said, "The Adani Group remains committed to helping India on its path to attaining energy sufficiency. These projects will help the state of Chhattisgarh strengthen its overall socio economic status. We also feel these two projects will play an instrumental role in assisting the larger national agenda of inclusive growth for all and is demonstrative of our continuous efforts of nation building."
Meanwhile, shares of the company were trading at Rs 68.40 a piece, down 4 per cent from the previous close at 11:35 hours on BSE.