Adani Group’s Major Investment in Bihar: Boosting Energy, Infrastructure, and Employment
The Adani Group, headed by Gautam Adani, has signed a deal to invest Rs 20,000 crore in Bihar to set up an ultra-supercritical thermal power plant. This major energy initiative, declared during the ‘Bihar Business Connect 2024’ event, aims to bolster Bihar’s energy infrastructure and provide extensive employment opportunities.
The thermal power plant’s pre-commissioning phase will create 12,000 jobs, while the operation phase will create 1,500 highly skilled jobs. This investment indicates the conglomerate’s intention to assist Bihar in enhancing its economy and meeting its energy needs.
Strategic Investments in Infrastructure and Energy Expansion
Pranav Adani, Director of Adani Enterprises Ltd., stated that the group plans to invest Rs 2,300 crore to become a major player in logistics, gas distribution, and agri-logistics. These funds are expected to boost warehousing and logistics infrastructure and accelerate the company’s push into electric vehicles (EVs), city gas distribution (CGD), and compressed biogas (CBG).
Third, the group plans to invest Rs 1,000 crore in developing strategic infrastructure in Bihar. These comprise Gati Shakti Railway Terminals, Inland Container Depots (ICDs), and Industrial Warehousing Parks. These developments are believed to enhance the connectivity of the state’s logistic infrastructure, which will support increasing industrial activities in the region.
Smart Meter Manufacturing and Cement Sector Expansion
Adani Group has also revealed its plans to invest Rs 2,100 crore in manufacturing and deploying more than 28 lakh smart meters across cities like Siwan, Gopalganj, Vaishali, Saran, and Samastipur. The project will also automate the monitoring of these regions’ power consumption and create 4,000 new employment opportunities in the technology sector.
In the cement segment, it aims to raise production capacity in Bihar to 10 million tonnes per annum by investing Rs 2,500 crore. The proposed expansion will be done in phases and address the area’s increasing construction needs.
Strengthening Bihar’s Economic Landscape
The Adani Group has committed Rs 850 crore to Bihar across major sectors. The new investments align with its strategy of fostering sustainable development in the state. As the company states, the cumulative investments will lead to over 27,000 direct and indirect employment, which will help spur the economy.
This elaborate development plan aligns with the group’s goals in delivering energy, logistics, and technology-based solutions. It lays out Bihar for industrial and technological proliferation.
