Adani to invest Rs.25000 Cr in Two Projects in Chhattisgarh

Adani Group, a global integrated player, today 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 INR 25, 200 crore. The MOU was signed in the presence of Mr. Raman Singh, Hon’able Chief Minister, Chhattisgarh, Mr. Amar Agrawal, Hon’able Minister of Industry, Mr.Vivek Dhandh, Chief Secretary of State and Mr. Rajesh Adani, Managing Director, Adani Enterprises Ltd.

The two projects comprise of a Coal to Poly‐generation (CTP) Project and a Rice Bran Solvent Extraction Plant &; Refinery. The MOU was signed by Mr. Subodh Kumar Singh, Secretary-Industries of the State and Mr. Rajesh Jha and Mr. KS Varshney from the Adani Group.

Speaking on the development Mr. Gautam Adani, Chairman, Adani Group, 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”.

Speaking on the occasion, Dr. Raman Singh, Hon’able Chief Minister, Chhattisgarh said, “We are delighted with this development and glad to be associated with the Adani group. Both these projects will not only enhance the economic growth of the state but will also create substantial employment opportunities for the people of Chhattisgarh”.

The first project to be set up is a Coal to Poly‐generation (CTP) Project consisting of Ammonia/Urea and Substitute Natural Gas (SNG) Complex via gasification of Indian high ash coal sourced from within the state. The project cost is estimated to be more than INR 25, 000 crore and includes Coal to Urea, Coal to SNG Plant and Coal based Thermal Power Plant.

The CTP project has the potential to generate 5000 jobs as well as substantial revenue to the state of Chhattisgarh. In addition to this, the project will strengthen the overall socio‐ economic status of Chhattisgarh State.

The Proposed CTP Project of Adani Enterprises Ltd. (AEL) is a unique Project, being set up for the first time in India, based on Coal to Synthetic Energy. Based on the various studies, Adani Enterprises Ltd. believes that the CTP, project would add significant value to the Indian economy. The project will not only help ensuring energy security for India but also drive macroeconomic growth through the coal based fuel.

The second project comprises of setting up a Rice Bran Solvent Extraction Plant and a physical Refinery packing plant at Rajnandgaon in the state of Chhattisgarh. The project cost is estimated to be around INR 200 crore and has the potential to generate more than 600 jobs in the state of Chhattisgarh. The proposed project will not only help in increasing the potential of rice bran oil production in the state but will also help in generating employment and economic growth in the region of operation.

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BSE Institute Ltd. signs MOU with Tolani College of Commerce

Mumbai, India, Aug 20: BSE Institute Ltd. today signed a Memorandum of Understanding (MoU) with Tolani College of Commerce, one of the premier colleges in Mumbai, to set up a Financial Literacy Mission Centre in their campus located at Andheri.

This Financial Literacy Mission Centre will offer various courses to students in the field of Finance and Financial Markets. These newly launched courses will include BSE Institute’s inimitable Global Financial Markets Professional (GFMP) program. On successful completion of the 12th grade, students willing to build a career in the field of banking and financial services can apply for this course with BSE Institute. Apart from providing coaching to enrolled students under certified faculties, BSE Institute will also help these students by providing hands-on assistance for internship and final placement.

Speaking on the occasion, Vinod Nair, Head Academics and Product Development at BSE Institute said, “Financial managers cannot operate in a vacuum—they make decisions within a large and complex financial environment. This environment includes financial markets and institutions, tax and regulatory policies, and the state of the Indian economy. The environment we are present in determines the available financial alternatives and affects the outcomes of various decisions, both. Thus, it is crucial that financial managers have a good understanding of the environment in which they operate. Currently most formal qualifications at both, the undergraduate and postgraduate level, are very academic in nature and do not provide the in-depth understanding required to make sound decisions. The Global Financial Market Professional (GFMP) program has been created to fill this lacuna. This program is designed, developed, and delivered by industry professionals to ensure that students get the desired exposure to edify them about current market practices.”

Dr. A. A. Rashid, Principal at Tolani College of Commerce said “The needs of today’s industry are very dynamic. Thus, our education system too has to adapt to these requirements. Education needs to go beyond class room teaching to make students ready to face challenges of the real world and also to make them proficient to survive, sustain and conquer in their field of choice. We are very glad to launch the Global Financial Market Professional (GFMP) program in collaboration with BSE Institute for the academic year 2015-16. This specialized program along with their regular courses for graduation will provide them with a blend of the basic knowledge of the subject in question along with the desired professional skills, which will help them to choose their futuristic career path. This will enable the students to be job-ready from the day they graduate and will be a preferred choice by recruiters. We look forward to the successful growth and development of the students with the help of this course, and we are sure to set a superior bench mark to achieve excellence.”

BSE Institute Limited (BIL) is a wholly owned subsidiary of BSE Limited. BSE Institute offers a bouquet of courses related to financial markets for students interested in achieving and upgrading their skills in this field, ranging from 5 international PG programs to more than 100 short term certifications.

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M3M Group, India signs US $5 billion deal with Xian Ji Co. of China

M3M Group, India signs US $5 billion deal with Xian Ji Co. of China for Multi- Trade Exposition Centre’s in India


New Delhi: M3M Group, country’s leading ultra-luxury real estate developer, today announced their strategic tie- up with the Xian Ji Co. of China for massive Multi-Trade Exposition Centre’s in India. Both the companies signed a MoU for US $ 5 billion, planning to build an expansive new convention and exposition Centre in Gurgaon.


This unprecedented collaboration by the M3M Group, Real Estate Development leaders in India,

with one of the largest Chinese Corporations of China, follows hot on the footsteps of the recent meeting held between Prime Minister Narendra Modi and the Chinese Premier Xi Jinping on his last visit to India.


China has shown interest in partnering with India in the urban development sector, including the development of new smart satellite cities and large Expo Centre’s, to foster world trade employing mutual resources and talent. The top leadership of China conveyed its areas of interest during extensive talks that were held between the two great economies. During the talks, both sides decided to set up committees to further examine and concretize the areas of cooperation between the two countries in the context of India’s initiative to build 100 news smart cities.


Pankaj Bansal, Director-M3M Group, stated at a formal signing ceremony on the association between M3M and the Xinji Group, "This is a historic step taken by any Indian company, inspired by our honorable Prime Minister to 'Make in India'! We at the M3M Group are proud to sign this momentous MOU agreement to associate with one of China's best and largest Groups to develop world-class Maxi Expo Centre’s in India".


Commenting on the MOU, India's Consul General in Guangzhou, K Nagaraj Naidu said, “If materialized, such huge Expo-Centre’s could play a major role in showcasing India's products as the country lacks this facility, barring a few like in Pragathi Maidan. China has benefited immensely from developing huge expo- centres in several cities including Shanghai and Guangzhou by holding annual fairs attended by lakhs of buyers from abroad.”



These Centers will have large International Convention Arenas, Hotels, Exhibition Halls, Office Spaces, Retail Hubs and Universal Media Cities. In fact, this type of development will foster world trade for both countries. They will rival and supersede the likes of Pragati Maidan, the Melbourne Darling Harbour Centre and Seoul and Dubai Expo Cities!


M3M will be able to benefit from the experience of Xinji, as the corporation is well known for developing and providing every aspect of the hospitality industry. M3M has the knowledge, experience, land bank (2000 acres) to partner such a venture. Initial information regarding the agreement proposes a joint investment by both groups. A total investment of US $ 5 billion has been planned in over 5 years for the venture which will see numerous Maxi Expo Centers all across India as part of the satellite 'Smart City' concept of the Prime Minister of India. Total 1000 acre land has been identified in Gurgaon for this development.


About the Xinji Group of China


Xinji Group was founded in Panyu, Guangzhou in 1998. It has now developed into a mega corporate with a wide business scope covering real estate, exposition center of hotel supplies, exposition center of home furnishings, urban complex, tourism real estate, convention and exposition economy, international trade and star-rated hotels.


Xinji Group has over 20 subsidiaries with more than 30 projects in many parts of China. Over the past 16 years, Xinji has been expanding its business and set up a total of 6 headquarter bases in Guangzhou, Shenyang, Chengdu, Wuhan, Nantong and Hohhot with business in 32 major cities in the country.


At present, Xinji Group operates in a total area of 1.5 million square meters. With an area of 9 million square meters to be exploited, the Group has an abundance of land resources to offer.

Xinji Group has developed many high-impact projects of commercial and residential real estate including Dashi Furniture Town, Xinji Shaxi Exposition Center of Hotel Supplies, Fuli Plaza, Xinji Town and so on. The Group has become an exemplary player in the industry.


About the M3M Group of India

M3M Group is one of India's premiere business conglomerates with interests in Real Estate (Residential / Commercial / Retail), Hospitality, Education and IT / SEZs. The land bank exceeds 2000 acres of prime land with 11 million sq. ft. of built up space. The organization has already invested over USD 500 million in developing many iconic projects in North India. The projected business value of the organization exceeds USD 5 billion.


M3M has embarked upon 39 projects in Haryana. M3M Golf Estate, the 75 acre uber luxury resort-like residential complex is an example of it venture. This project has won many accolades and awards the world over at Dubai, London and San Francisco. Recently it won the award for the Best Luxury Project in India from NAREDCO, a Govt. of India patronized organization. The group is known for its philanthropist activities in uplifting the weaker sections of our society. M3M is also known to back healthy and clean living by promoting sports and games for the youth. The recent Polo tournaments were sponsored by the company.


M3M is an ardent supporter of all government initiatives. The company directors were part of the recent business delegation to Japan along with the PM and also accompanied the President of India, His Excellency Shri Pranab Mukherjee, to Finland and Norway.

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