Adani charts Rs 8,700-cr investments in Bihar

Patna: Adani Group on Thursday announced that it would invest Rs8,700 crore in Bihar across various sectors, including logistics and agro-industry. Pranav Adani, Director, Adani Enterprises, while speaking at Bihar Global Investors’ Summit, said that the investment would contribute to the creation of approximately 10,000 jobs in the State. The Gautam Adani-led Adani Group is already present in Bihar, and it has invested Rs850 crore in the State.

“I am very happy to share that Adani Group is with the Bihar development vision of the Chief Minister of Bihar, Nitish Kumar. We are currently present in logistics, gas distribution, and agro-logistics, with an investment of Rs850 crore, generating direct or indirect employment for three thousand individuals. Now, we aim to increase our investment tenfold,” said Pranav Adani.

The Group intends to invest in three additional sectors, creating direct or indirect employment for approximately 10,000 people. In the warehouse or godown sector, the company plans to invest Rs1,200 crore, generating employment for 2,000 people. Additionally, in six locations -Purnia, Begusarai, Darbhanga, Samastipur, Kishanganj, and Araria, the silo storage capacity will increase from 1.5 lakh metric tonnes (MT) to 2.75 lakh MT. Adani Agro Private Ltd has already commenced work on this project with an investment of Rs900 crore.

The company will allocate Rs200 crore to enhance its city gas distribution network in Gaya and Nalanda. Pranav Adani stated, “we are also planning to start producing compressed biogas and EV chargers. This initiative will create jobs for almost 1,500 people in the State.”

Adani Group is also contemplating bringing Adani Wilmar to Bihar. In another venture, the company plans to enter the cement manufacturing sector, establishing manufacturing units in Warsaliganj and Mahawal with a cost of Rs2,500 crore. The goal is to produce 10million metric tonnes annually from these plants, providing employment for around 3,000 people directly or indirectly.

The company is also eyeing the smart meter manufacturing sector, intending to invest Rs3,100 crore in cities like Shivan, Saran, Gopalganj, and Vaishali to install smart meters. Adani Group announced plans to install 28,000 smart meters, creating 2000 job opportunities in the state.