Published 21:52 IST, December 20th 2024
Adani Group To Invest Rs 28000 Crore In Bihar - Details
The group’s investment roadmap for Bihar also includes a Rs 2,100 crore initiative to manufacture and install over 28 lakh smart meters in five cities
- Economy
- 3 min read
In a major boost to Bihar's economy, Pranav Adani, Managing Director of Adani Enterprises, announced a Rs 27,900 crore investment plan for the state during the Bihar Business Connect 2024 summit in Patna on Friday. This ambitious investment is expected to generate around 53,500 jobs, both directly and indirectly, further solidifying the Adani Group's role as the largest private investor in Bihar. Adani, who also oversees the agro, oil, and gas sectors for the group, expressed his confidence in the state’s potential under Chief Minister Nitish Kumar's leadership. "There can be no better validation of our belief in Bihar than the humble fact that we are the largest private investor in the state," he said, reflecting on the group's growing commitment to Bihar.
Current and Future Investments
Adani provided an overview of the group's ongoing and upcoming investments. To date, the Adani Group has already invested Rs 850 crore in Bihar across three key sectors: logistics, gas distribution, and agri-logistics. This has created approximately 25,000 employment opportunities.
Looking ahead, Adani Group is set to invest an additional Rs 2,300 crore in expanding its presence in these sectors. This investment will significantly enhance warehousing and handling capacities while broadening the group’s footprint in the electric vehicle (EV), city gas distribution (CGD), and compressed biogas (CBG) segments. The expansion is expected to generate an additional 27,000 local jobs.
In collaboration with the Bihar government, the Adani Group is also exploring an investment of Rs 1,000 crore to develop strategic infrastructure, including Gati Shakti Railway Terminals, inland container depots (ICDs), and industrial warehousing parks, further strengthening the state’s logistical capabilities.
Power, Cement, and Green Energy Investments
The group’s investment roadmap for Bihar also includes a Rs 2,100 crore initiative to manufacture and install over 28 lakh smart meters in five cities—Siwan, Gopalganj, Vaishali, Saran, and Samastipur. This project is expected to create at least 4,000 local jobs in the technology sector. In another major development, Adani Group is working on a greenfield cement plant at Warisaliganj. The group plans to invest ₹2,500 crore in multiple phases to establish a cement manufacturing capacity of 10 million metric tonnes per annum (MMTPA), generating up to 9,000 direct and indirect jobs. Additionally, the group is exploring investments in Bihar's energy sector, with plans to allocate Rs 20,000 crore towards setting up an ultra-supercritical thermal power plant. This massive project will create 12,000 jobs in the pre-commissioning phase and 1,500 skilled jobs during its operational phase.
Updated 21:52 IST, December 20th 2024