Patna: The Adani Group has announced plans to invest Rs 28,000 crore in Bihar, focusing on projects in the energy, cement, food processing, and logistics sectors. The investment forms part of the company’s strategy to expand its business operations while contributing to local economic development.
Pranav Adani, Director of Adani Enterprises Ltd, revealed the details during the Bihar Business Connect 2024 summit. He confirmed the Group’s commitment to Bihar’s energy sector, stating, “We are exploring investment avenues in Bihar's energy sector. Our plan is to invest around Rs 20,000 crore to set up an ultra-super critical thermal power plant.”
Although the capacity, location, and timeline of the power plant remain undisclosed, ultra-super critical plants typically have a capacity of 1,980 megawatts and use coal to generate electricity. The project is expected to help Bihar, which currently has an electricity generation capacity of 6,400 megawatts against a peak demand exceeding 8,000 megawatts. This additional capacity will also benefit neighbouring states. The power plant is projected to create 12,000 jobs during the pre-commissioning phase and approximately 1,500 skilled jobs during its operational phase.
The company will also invest Rs 2,500 crore in expanding its cement production capacity in Bihar to 10 million tonnes per annum through a phased approach. Furthermore, an investment of Rs 2,300 crore will be allocated to enhance warehousing and handling capacity while expanding operations in electric vehicles, city gas distribution, and compressed biogas. This is expected to generate 27,000 direct and indirect employment opportunities.
Additional investments of Rs 1,000 crore are planned for strategic infrastructure projects, including the development of Gati Shakti Railway Terminals, inland container depots, and industrial warehousing parks. The Group also plans to invest Rs 2,100 crore to manufacture and install over 28 lakh smart meters in five cities, Siwan, Gopalganj, Vaishali, Saran, and Samastipur, facilitating the transition to automated power consumption monitoring and creating 4,000 jobs in the process.
The investments by the Adani Group are expected to address critical infrastructure needs in Bihar while driving economic growth and creating thousands of jobs in the state.
BI Bureau
