Adani Group moots ₹8,700-Cr additional investment plans in Bihar

Bihar Business Connect-2023: Bihar CM Nitish Kumar released Bihar Logistics Policy 2023 and a coffee table book of the state industries department

Adani Investment plan Bihar

Patna: Adani Group has planned to make an additional investment of ₹8,700 crore in Bihar in cement manufacturing, logistics, agri-industry and other sectors in months to come.

This was announced by Adani Enterprises director Pranav Adani at the plenary session of Bihar Business Connect-2023, a two-day global investors summit organised by the state industries department, which concluded here on Thursday. He said that the group has already invested ₹850 crore in different sectors in the state.

Adani Group eyes ₹2,500-Cr in cement manufacturing.

Addressing the summit, Pranav Adani said: “Adani group has decided to invest ₹8,700 crore in additional sectors in Bihar. This will create direct or indirect employment for about 10,000 people. Bihar is now an attractive investment destination in the country. We are currently present in logistics, gas distribution, and agro-logistics, with an investment of ₹850 crore, generating direct or indirect employment for 3,000 individuals. Now, we aim to increase our investment around 10-fold.”

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Industries department officials said that a major share of the proposed investment would be in the cement manufacturing segment. The group has allocated an investment plan of ₹2,500 crore at Warsaliganj and Mahawal with an objective of producing 10 million metric tonnes in a year. The other proposals include augmentation of existing godown capacity, development of two large godowns, including one at Patna, a new compressed bio gas plant and EV charging center through which 1500 people will get employment.

₹1,200-Cr planned for warehouse capacity enhacement

Regarding the investment plans, Pranav Adani said that the group has planned pushing in ₹1,200 crore to increase its warehouse capacity from the current 1 lakh sq ft to over 65 lakh sq ft. “Apart from this, an investment of ₹900 crore has been made in agri-logistics to increase its storage capacity from 1.50 lakh metric tonnes to 2.75 lakh metric tonnes in six places — Purnia, Begusarai, Darbhanga, Samastipur, Kishanganj and Araria,” he added.

Also Read: Dharavi redevelopment plan set to take off as Adani group forms JV

Adani Wilmar to set up agri-based industries

To enhance its presence in agri-based industry segment, Adani Wilmar is also looking to start its operation in the state. To begin with, Adani Wilmar has planned investing ₹800 crore on building flour mill plant, RFM plant, solvent extraction plant, co-gen power plant as well as paddy processing plants at Sasaram and in Rohtas.

Also Read: Bihar industry body seeks special package for state to thrive

Earlier in the day, Bihar chief minister Nitish Kumar released the Bihar Logistics Policy 2023 and a coffee table book (of the state industries department) at the summit. Kumar, however, did not address the gathering at the event.

MoU signed with various firms for investments

During the programme, a memorandum of understanding (MoU) related to investment proposals in Bihar were signed between the industries department and major companies, which included Bharat Petroleum Corporation Company, Patel Agri Industry, Indo-European Heart Hospital and Research Institution and Dev India Project.

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