Mumbai2 hours ago
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Adani Group has announced an investment of Rs 27,900 crore in several sectors including thermal power, smart meter, cement, logistics, gas distribution and agri-logistics in Bihar. This will provide employment to about 53,500 people.
These announcements were made by Pranav Adani, Managing Director (Agro, Oil and Gas) and Director of Adani Enterprises at ‘Bihar Business Connect Investor Summit 2024’ on Friday (20 December).
Thanking the CM, Pranab Adani said, ‘Nitish ji, your vision and foresight are unmatched. 22 years ago, as the Railway Minister of our country, you introduced the biggest change till date ‘Ticket Booking System using Automated Software’.
There were only 29 bookings in this system on the first day and now 13 lakh tickets are booked in a single day. Due to which it has become the world’s busiest online reservation platform. Pranab Adani said that the company’s planned investments will also create thousands of direct and indirect employment opportunities.
Adani Group’s Investments Plans in Bihar:
Rs 2,300 crore investment in three sectors
Adani Group is planning a total investment of Rs 2,300 crore in logistics, gas distribution and agri-logistics sectors, which will also create 27,000 additional direct and indirect local employment opportunities. Adani said the group has already invested Rs 850 crore in these sectors and given jobs to 25,000 people.
Investment of Rs 1,000 crore in strategic infra
The company will invest Rs 1,000 crore to develop strategic infrastructure in the state including Gati Shakti Railway Terminals, ICDs (Inland Container Depots) and Industrial Warehousing Parks.
There will be an investment of Rs 2,100 crore for smart meters.
The company will 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 create 4,000 local jobs.
Investment of Rs 2,500 crore in cement manufacturing sector
Adani Group will invest Rs 2,500 crore to set up a cement manufacturing capacity of 10 MMTPA in multiple phases at Warisaliganj in Bihar. This will generate 9,000 direct and indirect jobs. The foundation of this greenfield cement project was laid in July.
Rs 20,000 crore will be invested in the energy sector
Adani Group is planning to invest around Rs 20,000 crore to set-up an ultra-supercritical thermal power plant in Bihar. The group expects the plant to generate at least 12,000 jobs and around 1,500 skilled jobs during the operational phase.