The BJP-led government in Jharkhand on Wednesday signed memoranda of understanding (MoUs) worth Rs 62,000 crore.
Adani Group signed an MoU with the Jharkhand government for a total investment of Rs 50,000 crore. Of the Rs 50,000 crore, an investment of Rs 15,000 crore was proposed in setting up two thermal power plants. The rest would be invested to set up a unit that would produce coal-based methane fertiliser. Further, the Vedanta group would invest Rs 2,000 crore in setting up a steel plant. The Jharkhand industry department has also received 11 letters of intent from various companies, committing an investment of Rs 10,000 crore in setting up units in the chemical, IT, textile and construction sectors.