Raipur, Aug 24 (IANS): Adani Group on Monday said it has signed an initial agreement with the Chhattisgarh government to develop two critical projects in the state at an estimated cost of Rs. 25,200 crore.

The two projects comprise of a coal to poly-generation (CTP) project and a rice-bran solvent extraction plant and refinery.

"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," state Chief Minister Raman Singh said in the statement.

According to the company, the CTP project, estimated at Rs.25,000 crore has a potential to generate 5000 jobs as well as substantial revenue for the state.

The second project comprising the rice-bran solvent extraction plant is estimated to cost around Rs. 200 crore and has the potential to generate more than 600 jobs in the state.

"These projects will help the state of Chhattisgarh strengthen its overall socio economic status," said Adani Group chairman Gautam Adani.