Adani Group will invest Rs 28,000 crore here; Thousands of job opportunities in cement, electricity, logistics

Adani Group: Gautam Adani-led Adani Group will invest around Rs 28,000 crore in setting up a state-of-the-art power plant in Bihar, increasing cement production capacity, food processing and logistics sector. Adani Enterprises Limited Director Pranab Adani made this announcement while addressing the global investor conference ‘Bihar Business Connect’ in Patna.

Work will develop rapidly in Bihar

Adani Group is aggressively working on a strategy to expand its business in Bihar. On one hand Adani Group is expanding its core business while on the other hand it is also looking for new opportunities. On the same occasion, Pranab Adani said, “We are also looking for ways to invest in the energy sector of Bihar. Our plan is to set up a state-of-the-art power plant. For this, we will invest about Rs 20,000 crore.” However, he did not confirm the capacity of the proposed power plant. And did not give information about his location. But ‘ultra supercritical plants’ i.e. state-of-the-art power plants can have a capacity of 1,980 MW. These plants use coal to generate electricity.

Adani said, “We expect that about 12,000 jobs will be created in the pre-implementation phase of this project while about 1500 skilled jobs will be created once the project becomes operational.”

Shortage of power generation in Bihar will be fulfilled

There is currently a shortage of power generation capacity in Bihar. Its capacity is 6400 MW while the demand is more than 8000 MW. In such a situation, the proposed plant will not only help in bridging the gap between demand and supply of electricity in the state but will also supply electricity to the neighboring states.

Pranab Adani said, “In Bihar, we have already invested about Rs 850 crore in three sectors – logistics, gas distribution and agro logistics sectors. We are now going to invest an additional Rs 2,300 crore in these sectors. This The investment will increase our warehousing and maintenance capacity and increase our presence in the electric vehicle, urban gas distribution and compressed biogas sectors, creating an additional 27,000 jobs directly and indirectly. “Employment opportunities will be created.”

Apart from this, Adani Group is also planning to invest about Rs 1000 crore in the development of strategic infrastructure like Gati Shakti Railway Terminal, ICD and Industrial Warehousing Park in Bihar.

Smart meters will be installed in five cities of Bihar

He said, “We are also investing in smart meter manufacturing. Bihar is moving from traditional electricity meters to smart meters. Therefore, we are planning to install smart meters in five cities… Siwan, Gopalganj, Vaishali, Saran and Samastipur. We will invest Rs 2100 crore in the manufacturing and installation of more than 28 lakh units. This will create at least 4000 local jobs in this area.

What will be the change in cement sector?

He also said that the existing cement factories in the state will be expanded to one crore tonne annual capacity with an investment of Rs 2500 crore in various phases.

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