Adani Group To Invest Rs 8,700 Crore In Bihar, Enter Cement Manufacturing Sector
Pranav Adani said that the Adani group will also expand investment into three new sectors, namely, cement manufacturing, logistics, and the agro-industry in Bihar.
Adani Group plans to increase investment in Bihar to about Rs 8,700 crore, Pranav Adani, director, Adani Enterprises, said at the 'Bihar Business Connect - 2023' conference in Patna. Adani Enterprises is the flagship firm of the Adani conglomerate. In addition to increasing investment in the state, the executive added that the Adani group will also expand investment into three new sectors, namely, cement manufacturing, logistics, and the agro-industry.
Addressing the conference, Adani said, “If we talk about Bihar, then Adani Group is present in the logistics, gas distribution, and agri-logistics sectors. About Rs 850 crore have been invested in these sectors”. He stated that now the firm plans to increase the investment by 10 times to about Rs 8,700 crore and expand investment in three sectors. The executive noted that this investment will help add 10,000 direct and indirect job opportunities for the people.
As part of the expansions, the Adani Group plans to increase the godown storage capacity by 1 lakh square feet to bypass 65 lakh square feet with an investment of Rs 1,200 crore, Pranav Adani informed.
He added, “Two new big godowns will be established in Patna and this would provide employment opportunity to 2,000 people. Additionally, storage capacity in 6 places, namely, Poornia, Begusarai, Darbangha, Samastipur, Kishanganj, and Arria will be increased with an investment of Rs 900 crore in agri-logistics. This would also give job opportunities to 2,000 people.”
Further, city gas distribution network present in Gaya and Nalanda would be expanded with an investment of Rs 200 crore, Pranav said. He noted that the group will also construct new compressed biogas plant and EV charging centre, which would give employment to about 1,500 people.
The conglomerate will also bring in Adani Wilmar into the state, Pranav stated. “Adani Group will enter into cement manufacturing in the state,” he informed and said an investment of Rs 2,500 crore would be done for the same, which would help provide jobs to about 3,000 people.
As part of the investments, Adani Group would venture into smart meter manufacturing with an outlay of Rs 3,100 crore, and generate employment opportunities for about 2,000 people, Pranav Adani noted.
The executive also appreciated the Bihar government for organising the conference and making Bihar as one of the favourite ‘investment destination’ in the country today. The conference further discussed ease of business, single point clearance, and employment opportunities among major discussions.
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