Rs 20,000 crore for power, Rs 2,100 crore for smart meters, Rs 2,500 crore for cement business: Adani’s big plans for Bihar

The Adani Group has announced several intended investments in Bihar, including thermal power, smart meters, cement, logistics, gas distribution and agricultural logistics sectors. The announcements were made by Pranav Adani, Managing Director (Agriculture, Oil & Gas) and Director, Adani Enterprises at the Bihar Business Connect Investment Summit 2024 on Friday.

“Nitish-ji, your vision and foresight are unparalleled! Over 22 years ago, as our country’s Railway Minister, you introduced the biggest change ever – an automated ticket booking system. On day one, it had just 29 bookings – and now it has… As many as 13 lakh tickets in a single day, making it the busiest online booking platform in the world,” Adani said, thanking the Prime Minister.

Adani said their planned investments will also generate thousands of direct and indirect job opportunities. Here’s what Pranav Adani announced about the group’s plans:

Rs 2,300 crore for three sectors: The group plans to invest Rs 2,300 crore in logistics, gas distribution and agricultural logistics sectors which will also create 27,000 additional direct and indirect local employment opportunities. Adani said the group has already invested Rs 850 crore and created 25,000 jobs in these sectors.

Rs 1000 Crores for Strategic Infrastructure: Adani said the company is working closely with the Bihar government led by CM Nitish Kumar to invest Rs 1,000 crore in developing strategic infrastructure in the state including Jati Shakti railway stations, inland container depots and industrial warehousing parks.

Rs 2,100 crore for smart meters: The company will invest Rs 2,100 crore to manufacture and install over 28 lakh smart meters to automate energy consumption monitoring in five cities, including Siwan, Gopalganj, Vaishali, Saran and Samastipur. He added that this would provide 4,000 local job opportunities.

Rs 2,500 crore for cement manufacturing: Adani said the group will invest Rs 2,500 crore in Bihar to set up a cement manufacturing capacity of 10 million metric tons per annum in Warisaliganj in multiple phases. This would create 9,000 direct and indirect job opportunities. The foundations for this new cement project were laid in July.

Rs 20,000 crore for power sector: The group also plans to invest around Rs 20,000 crore to set up a supercritical thermal power plant in Bihar. They expect this plant to open at least 12,000 job vacancies, and lead to about 1,500 skilled jobs during the operation phase.