Patna:
Adani Group will invest about Rs 28,000 crore in setting up state-of-the-art power plants in Bihar, increasing cement production, food processing and logistics sectors. Adani Enterprises Limited Director Pranav Adani made this announcement at the investment summit ‘Bihar Business Connect 2024’ held in Patna on Friday. He told that Adani Group will work on a mega investment plan of Rs 27,900 crore for Bihar. This will create 53,500 jobs in the state.
Pranab Adani said that there can be no better confirmation of the confidence of Adani Group under the leadership of Chief Minister Nitish Kumar than the fact that we are the largest private investor in Bihar. Pranab Adani told NDTV, “We had come to the Bihar Summit last time. We have come this time too. Change can be seen in Bihar. Everything is going well from law and order to ease of doing business. Adani The group is investing more and more here. There are many opportunities in Bihar.”
Group looking for ways to invest in energy sector
Adani Group is aggressively working on a strategy to expand its business in Bihar. On one hand this 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. We are planning to build a state-of-the-art power plant. For this we will invest about Rs 20,000 crore.”
Pranab Adani said, “We expect that about 12,000 jobs will be created in the pre-operation phase of this project. About 1,500 skilled jobs will be created once the operation starts.”
Bihar’s current power generation capacity is 6,400 MW
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.
Additional investment of Rs 2,300 crore in logistics sectors
Director of Adani Enterprises said, “In Bihar, we have already made an investment of about Rs 850 crore in three sectors – logistics, gas distribution and agriculture logistics sectors. We are now going to make an additional investment of Rs 2,300 crore in these sectors. This investment will directly and indirectly increase our warehousing and maintenance capacity. “27,000 additional employment opportunities will be created.”
Smart electricity meters will be installed in 5 cities
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.
Pranab Adani said, “We are also investing in smart meter infrastructure. Bihar is moving from traditional electricity meters to smart meters. Therefore, we are planning to install smart meters in 5 cities – Siwan, Gopalganj, Vaishali, Saran and Samastipur. An investment of Rs 2,100 crore will be made for setting up more than 28 lakh units. This will create at least 4,000 local jobs in this area.
He also said that the cement factories present in the state will be expanded to 1 crore tonne annual capacity with an investment of Rs 2,500 crore in different phases.
(Disclaimer: New Delhi Television is a subsidiary of AMG Media Networks Limited, an Adani Group Company.)
