Adani to invest Rs 20,000 crore in proposed supercritical thermal power plant in Bihar

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Billionaire Gautam Adani’s conglomerate announces investment plans $20,000 crore to set up supercritical thermal power plants in Bihar. The move is part of the group’s wider strategy to expand its footprint in the state, including growth in the cement, food processing and logistics sectors.

Speaking at Business Connect Bihar 2024, Adani Enterprises Ltd Director Pranav Adani highlighted the group’s continued investments in the state. Adani has promised approx. $Rs 850 crore for sectors such as logistics, gas distribution and agri-logistics in Bihar.

“We are now going to invest in another $The investment amount in these sectors is Rs 2,300 crore. This investment will not only significantly increase our warehousing and processing capabilities and expand our business in the areas of electric vehicles, city gas distribution (CGD) and compressed biogas (CBG), but will also create an additional 27,000 direct and indirect local jobs. “.

Other proposed projects of Adani Group

The group is also seeking potential investments $1,000 crore to develop strategic infrastructure in Bihar such as Gati Shakti Railway Station, ICD (Inland Container Depot) and Industrial Warehouse Parks.

“Another area we are investing in is smart meter manufacturing. As Bihar shifts from traditional meters to smart meters, we will invest $Investment of Rs 2,100 crore for manufacturing and installation of over 2.8 million smart meters to enable automated monitoring of power consumption in five cities (“Siwan, Gopalganj, Vaishali, Saran and Samastipur”), which will create at least 4,000 people in this technology segment local jobs.

State cement plant invests to expand annual output to 10 million tons $2,500 crore will be invested in multiple phases.

“We are also exploring investment avenues in the energy sector in Bihar. Our plans are around $20,000 crore to set up an ultra-supercritical thermal power plant,” he said.

“We expect a project of this magnitude to create at least 12,000 vacancies during the pre-commissioning phase and around 1,500 technical jobs during the operational phase,” he added.

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