Adani Group will now invest openly in Bihar, Rs 28,000 crore will be invested in many areas.

Bihar Business Connect 2024: Industrialist Gautam Adani-led Adani Group will invest about Rs 28,000 crore in Bihar by setting up a state-of-the-art power plant, increasing cement production capacity, food processing and logistics sector. Adani Enterprises Ltd. Director of Bihar Pranab Adani made this announcement while addressing the global investor conference ‘Bihar Business Connect’ here.

Work on strategy to expand business in Bihar

Adani Group is working on a strategy to expand business in Bihar. On one hand the Group is expanding its core business, while on the other hand it is also looking for new opportunities. 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.” 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 2,500 crore in various phases.

Pranab Adani said, “We expect that about 12,000 jobs will be created in the pre-implementation phase of this project, while about 1,500 skilled jobs will be created once the operations begin.” However, he remained tight-lipped about the capacity and location of the proposed power plant. Information was not given, but ‘Ultra Supercritical Plant’ i.e. state-of-the-art power plant can have a capacity of 1,980 MW. These plants use coal to generate electricity.

There is currently a shortage of power generation capacity in Bihar. Its capacity is 6,400 MW while the demand is more than 8,000 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 areas. This investment will enhance our warehousing and handling capacity and expand our presence in the electric vehicles, city gas distribution (CGD) and compressed biogas (CBG) sectors. This will create 27,000 additional employment opportunities directly and indirectly.

Investment will be made in Siwan, Gopalganj, Vaishali, Saran and Samastipur.

Apart from this, Adani Group is also planning to invest about Rs 1,000 crore in the development of strategic infrastructure like Gati Shakti Railway Terminal, ICD (Inland Container Depot) and Industrial Warehousing Park in Bihar. He said, “We are also investing in smart meter manufacturing. Bihar is moving from traditional electricity meters to smart meters. Therefore, we will invest Rs 2,100 crore to manufacture and install more than 28 lakh units of smart meters in the five cities of Siwan, Gopalganj, Vaishali, Saran and Samastipur. This will create at least 4,000 local jobs in the region.

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