Torrent Power Limited has announced plans to swt up a thermal power plant in Madhya Pradesh with an investment of Rs 18,000 crore. 

The announcement was made at the Regional Industry Conclave (RIC) held in Shahdol recently.

Naveen Kumar Singh, Vice President of Torrent Power Limited,  said "The investment policy of Madhya Pradesh is highly conducive to industries. Torrent Power will set up a thermal power plant utilizing modern technology, which will create direct and indirect employment for over 7,000 people."

Chief Minister Mohan Yadav reaffirmed the state’s commitment to attracting industry, citing special incentives for sectors like tourism, IT, and textiles. "In the last few months, investment worth over Rs 4 lakh crore has flowed into Madhya Pradesh through six RICs, generating employment for more than 3 lakh people," he stated.

The Shahdol RIC received investment proposals totaling Rs 32,520 crore, expected to create over 30,000 jobs.

Key proposals include Rs 3,300 crore from Bajrang Power and Ispat Limited for mining, Rs 2,500 crore from Select Builders for renewable energy, Rs 2,500 crore from Sharda Energy and Minerals Limited for mining, and ₹1,200 crore from DDTC Exim Limited for the textile sector.