Adani Group director Pranav Adani said that the company will invest over Rs 2,500 crore in Uttrakhand in expanding capacity of cement plants and installing smart electricity meters.

Speaking at the 'Global Investors Summit – Uttarakhand', he said the group's city gas joint venture will convert 200 state transport businesses to environment-friendly CNG.

"In the cement sector, we will invest in excess of Rs 1,700 crore to expand Ambuja Cements' existing capacity in Uttarakhand," he said.

Pranav added,"We will invest Rs 300 crore to take our Roorkee plant's capacity from the current 1.2 million tonnes per annum to 3 million tonnes per annum by the end of next year. We will also invest around Rs 1,400 crore to set up a grinding unit with a capacity of 4 million tonnes per annum."

He further said,"In the Kumaon region, we have taken up a project of over Rs 800 crore to install smart meters for the Uttarakhand Power Corporation, in line with the Government of India's plan to replace conventional electric meters with smart prepaid meters,"