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The Adani Group has announced several investments planned for Bihar, including thermal power, smart metering, cement, logistics, gas distribution and agrologistics sectors. The announcements were made by Pranav Adani, CEO (Agri, Oil & Gas) and Director, Adani Enterprises at the Bihar Business Connect 2024 investor summit on Friday.
“Nitish-ji, your vision and foresight are incomparable! More than 22 years ago, as our nation’s Railway Minister, you introduced the biggest change ever – the automated software ticket reservation system. On the first day, it had only 29 bookings, and now up to 13 lakh tickets are booked in a single day, making it the busiest online booking platform in the world! Adani said thanking the CM.
Adani said the planned investments would also generate thousands of direct and indirect employment opportunities. Here is what Pranav Adani announced about the group’s plans:
2,300 crore for three sectors: The group is planning an investment of Rs 2,300 crore in logistics, gas distribution and agro-logistics sectors that will also create 27,000 additional direct and indirect local employment opportunities. Adani said the group has already invested Rs 850 crore and created 25,000 employment opportunities in these sectors.
1,000 crore for strategic infrastructure: Adani said the company is working closely with the CM Nitish Kumar-led Bihar government to invest Rs 1,000 crore in developing strategic infrastructure in the state, including Gati Shakti railway terminals, ICDs (inland container depots ) and industrial storage parks.
2,100 crore for smart meters: The company would invest Rs 2,100 crore to manufacture and install over 28 lakh smart meters to automate power consumption monitoring in five cities including Siwan, Gopalganj, Vaishali, Saran and Samastipur. This will generate 4,000 local jobs, he said.
2,500 crores for cement manufacturing: Adani said the conglomerate would invest Rs 2,500 crore in Bihar to set up a 10 MMTPA cement manufacturing capacity in Warisaliganj in multiple phases. This would create 9,000 direct and indirect jobs. In July the foundations for this new cement project were laid.
20,000 crore for power sector: The conglomerate also plans to invest around Rs 20,000 crore to set up an ultra-supercritical thermal power plant in Bihar. They expect this plant to create at least 12,000 vacant positions and generate around 1,500 skilled jobs during the operational phase.
