Adani to invest Rs 20,000 crore in Bihar to generate thousands of jobs

The Adani Group has revealed several planned investments for Bihar, including cement, smart meters, thermal power, gas distribution, logistics, and agri-logistics. At the 2024 Bihar Business Connect investor summit on December 20, Pranav Adani, Managing Director (Agro, Oil & Gas) and Director of Adani Enterprises, announced the announcements.

Adani claimed that its planned investments will result from thousands of direct and indirect job opportunities. “Nitish ji, your vision and foresight are unmatched! Over 22 years ago, as our nation’s minister for railways, you introduced its greatest change ever – the ticket booking system using automated software. On the first day, it had only 29 bookings – and now up to 13 lakh tickets are booked in a single day, making it the world’s busiest online reservation platform!” Adani said, praising the chief minister.

The group plans to invest Rs 2,300 crore in the logistics, gas distribution and agri-logistics sectors in addition to creating 27,000 new direct and indirect local job opportunities. According to Adani, the company has already invested 850 crore rupees and generated 25,000 job prospects in these industries. 

Adani Group's investments in Bihar

Strategic infrastructure

Adani and the Bihar government are collaborating closely to invest Rs 1,000 crore in the construction of vital infrastructure, such as industrial warehousing parks, inland container depots, and Gati Shakti railway terminals.

Smart meters

To automate power-consumption monitoring in five cities — Siwan, Gopalganj, Vaishali, Saran and Samastipur — the business plans to invest Rs 2,100 crore in the production and installation of around 28 million smart meters. This will create 4,000 jobs in the area.

Cement manufacturing

To establish a cement manufacturing capacity of 10 MMTPA at Warisaliganj over several phases, the conglomerate will invest Rs 2,500 crore in Bihar. This could result in the creation of 9,000 direct and indirect jobs. In July, the groundwork for this greenfield cement project was established.

Energy sector

Rs 20,000 crore for the energy sector: The company also intends to establish an ultra-supercritical thermal power plant in Bihar with an estimated investment of Rs 20,000 crore. During the operational phase, they anticipate that this factory will create about 1,500 skilled employees and at least 12,000 job openings.