Adani Group has announced an investment of Rs 27,900 crore in several sectors including thermal power, smart meters, 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 the ‘Bihar Business Connect Investor Summit 2024’ on Friday (December 20).
Pranav Adani thanked the CM and said, ‘Nitish ji, your vision and foresight are unmatched. 22 years ago, as the Railway Minister of our country, you introduced the biggest change to date, the ‘Ticket Booking System Using Automated Software’.
On the first day, there were only 29 bookings in this system and now 13 lakh tickets are booked in a single day. Due to this, it has become the busiest online reservation platform in the world. Pranav Adani said that the company’s planned investments will also create thousands of direct and indirect employment opportunities.
Investment of Rs 2,300 crore in three sectors
The Adani Group is planning to invest a total 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 that 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 infrastructure
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.
Rs 2,100 crore investment for smart meters
The company will invest Rs 2,100 crore to manufacture and install more than 28 lakh smart meters to automate monitoring of electricity consumption in five cities including Siwan, Gopalganj, Vaishali, Saran and Samastipur. This will create 4,000 local jobs.
Rs 2,500 crore investment in cement manufacturing sector
Adani Group will invest Rs 2,500 crore to set up 10 MMTPA cement manufacturing capacity in several phases at Warisaliganj in Bihar. This will create 9,000 direct and indirect jobs. The foundation stone of this greenfield cement project was laid in July.
Rs 20,000 crore will be invested in the energy sector
The 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 create at least 12,000 jobs and around 1,500 skilled jobs during the operational phase.
