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Billionaire Gautam Adani’s conglomerate is gearing up for a major expansion in Bihar, with plans to invest Rs 20,000 crore in establishing a supercritical thermal power plant. Alongside this ambitious project, the group is also scaling up its presence in cement, food processing, and logistics sectors within the state.
Speaking at the Bihar Business Connect 2024, Pranav Adani, Director of Adani Enterprises Ltd, highlighted that the conglomerate has already invested approximately Rs 850 crore in Bihar across three key sectors: logistics, gas distribution, and agri-logistics.
The Adani Group has announced several intended investments for Bihar, including in thermal power, smart meters, cement, logistics, gas distribution and agri-logistics sectors. The announcements were made by Pranav Adani, Managing Director (Agro, Oil & Gas) and Director of Adani Enterprises at the 2024 Bihar Business Connect investor summit on Friday.
Alongside this ambitious project, the group is also scaling up its presence in cement, food processing, and logistics sectors within the state.
“We are now going to invest another Rs 2,300 crore in these sectors. This investment will not only massively increase our warehousing and handling capacity and expand our presence in the EV, city gas distribution (CGD) and compressed biogas (CBG) space but will also generate an additional 27,000 direct and indirect local job opportunities,” he said.
The group is also looking to potentially invest another Rs 1,000 crore in developing strategic infrastructure in Bihar, like Gati Shakti Railway Terminals, ICDs (Inland Container Depots) and Industrial Warehousing Parks.
“Another sector we are investing in is smart meter manufacturing. As Bihar migrates from conventional electric meters to smart meters, we will invest Rs 2,100 crore to manufacture and install over 28 lakh smart meters to automate power-consumption-monitoring in five cities– Siwan, Gopalganj, Vaishali, Saran and Samastipur– and this will generate at least 4,000 local jobs in this technology segment,” he said.
The cement plants in the state will be expanded to 10 million tonnes per annum capacity with an investment of Rs 2,500 crore in multiple phases.
“We are also exploring investment avenues in Bihar’s energy sector. Our plan is to invest around Rs 20,000 crore to set up an ultra-supercritical thermal power plant,” he said.
“We expect such a massive project to open up at least 12,000 job vacancies in the pre-commissioning phase and also lead to around 1,500 skilled jobs during the operational phase,” he added.
(With inputs from PTI)
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