Karan Adani Announces ₹33,000 Crore Investment in Odisha, Launches Key Industrial Projects

Karan Adani announced a multi-sector investment package in Odisha, including an ₹ 800 crore data centre in Bhubaneswar, a ₹ 30,181 crore thermal power plant near Cuttack, and a ₹ 2,100 crore cement facility near Cuttack, emphasising long-term growth, job creation, and Odisha’s economic ascent.

Karan Adani on Tuesday announced major multi-sector investments in Odisha, highlighting the state’s growing importance in India’s industrial and digital future. Speaking at a groundbreaking ceremony in Bhubaneswar, he outlined three major projects spanning data infrastructure, energy, and manufacturing, with a combined investment exceeding ₹33,000 crore.

Addressing the gathering in the presence of Mohan Charan Majhi and other state leaders, Adani emphasized Odisha’s transformation into a key economic hub driven by strong governance, natural resources, and strategic location.

He announced an ₹800 crore data centre project at Info Valley in Bhubaneswar, aimed at strengthening digital infrastructure and supporting emerging technologies such as artificial intelligence and cloud computing. The project is expected to generate around 200 high-skilled jobs.

In the energy sector, a thermal power plant near Cuttack will be developed with an investment of ₹30,181 crore. The facility is expected to enhance power reliability for industries and households while creating approximately 7,000 direct and indirect employment opportunities.

Additionally, a cement manufacturing unit near Cuttack will be set up with an investment of ₹2,100 crore. The project is expected to generate around 2,500 jobs and support infrastructure development across the region.

Adani said these projects reflect long-term confidence in Odisha’s economic trajectory and align with the state’s ambitious vision of becoming a $500 billion economy by 2036 and $1.5 trillion by 2047.

Highlighting Odisha’s historical significance, he noted that the state has long played a transformative role in shaping trade, culture, and civilization, and is now poised to emerge as a major driver of India’s industrial growth.

He described the company’s presence in Odisha as a long-term partnership focused on infrastructure development, job creation, and inclusive growth. He also appreciated the state government’s proactive approach in facilitating investments and fostering a business-friendly environment.

Concluding his address, Adani reaffirmed the group’s commitment to contributing to Odisha’s development, stating that the projects are not just investments in infrastructure but a promise to support the state’s future growth and prosperity.