Adani Group Unveils ₹30,000 Cr Investment Plan for Bihar’s Growth

Address by Mr Pranav Adani Bihar Business Connect 2024.

We are the largest private investor in Bihar.

At last year’s Bihar Business Connect, I promised to keep you updated on our activities in the state. Let me share a snapshot of our current and future investment roadmap for Bihar.

In three key sectors—logistics, gas distribution, and agri-logistics—we have already invested approximately INR 850 crore, creating around 25,000 direct and indirect employment opportunities.

Building on this foundation, we plan to invest an additional INR 2,300 crore in these sectors. This investment will significantly enhance our warehousing and handling capacities, expand our footprint in the EV, CGD, and CBG domains, and generate approximately 27,000 more direct and indirect local jobs.

We are also collaborating closely with your government to potentially invest another INR 1,000 crore in developing strategic infrastructure in Bihar. This includes Gati Shakti Railway Terminals, Inland Container Depots (ICDs), and Industrial Warehousing Parks.

Another promising sector for investment is smart meter manufacturing. As Bihar transitions from conventional electric meters to smart meters, we will invest INR 2,100 crore to produce and install over 28 lakh smart meters across five cities—Siwan, Gopalganj, Vaishali, Saran, and Samastipur. This initiative will create at least 4,000 local jobs in the technology sector.

But there’s more!

In July, we ventured into another exciting space when you personally laid the foundation stone for our first greenfield cement project in Bihar following our acquisition of ACC and Ambuja Cements. This project, located in Warisaliganj, is a cement grinding unit, and we have bigger plans ahead. We aim to invest INR 2,500 crore to establish a cement manufacturing capacity of 10 MMTPA in multiple phases, which will generate at least 9,000 direct and indirect jobs for the people of Bihar.

We are also exploring opportunities in Bihar’s energy sector. Our vision includes a substantial investment of around INR 20,000 crore to set up an ultra-supercritical thermal power plant. This project is expected to create approximately 12,000 job vacancies during the pre-commissioning phase and around 1,500 skilled positions during its operational phase.

Hon’ble Chief Minister, your unwavering commitment to improving Bihar’s business environment, supported by a team of highly efficient and motivated officers, is laying the groundwork for a remarkable investment boom.

On behalf of the Adani Group, I extend my heartfelt gratitude for your continuous support, guidance, and encouragement. We look forward to doing more in Bihar, with Bihar, and for Bihar.

Thank you.
Jai Hind.