Pranav Adani, Managing Director of Agro, Oil, and Gas, and Director of Adani Enterprises, on Friday announced an ambitious Rs 27,900 crore investment plan for Bihar, likely to create up to 53,500 jobs in the state. The announcement was made during the ‘Bihar Business Connect’ summit.
Addressing the gathering, Pranav Adani stated that the Adani Group’s position as the largest private investor in Bihar serves as a ‘strong affirmation’ of their trust in the leadership of Chief Minister Nitish Kumar.
Pranav Adani outlined the Group’s current and future investments in Bihar, with a focus on sectors like logistics, gas distribution, and agri-logistics.
“In three sectors, logistics, gas distribution and agri-logistics, we have already invested around Rs 850 crore and have also created around 25,000 direct and indirect employment opportunities,” he asserted.
Adani further revealed plans for an additional Rs 2,300 crore investment, which will significantly enhance the Group’s warehousing and handling capacity and expand its presence in electric vehicles (EV), city gas distribution (CGD), and compressed biogas (CBG). This investment will likely generate an additional 27,000 jobs.
In partnership with the state government, the Adani Group is also exploring a potential Rs 1,000 crore investment in key infrastructure projects, including Gati Shakti Railway Terminals, Inland Container Depots (ICDs), and Industrial Warehousing Parks.
The Group also intends to invest Rs 2,100 crore in smart meter manufacturing for five cities – Siwan, Gopalganj, Vaishali, Saran, and Samastipur – aiming to automate power consumption monitoring.
This initiative is likely to generate around 4,000 local jobs in the technology sector.
Pranav Adani Announces Rs 2,500 Crore Cement Plant, Rs 20,000 Crore Power Project In Bihar
Pranav Adani also highlighted the ongoing construction of a greenfield cement plant at Warisaliganj, with a planned additional Rs 2,500 crore investment to set up cement manufacturing capacity of 10 MMTPA in multiple phases. This will potentially create at least 9,000 jobs.
“We are also exploring investment avenues in Bihar’s energy sector. Our plan is to invest around Rs 20,000 crore to set up an ultra-supercritical thermal power plant,” he added.
This project will likely create approximately 12,000 job vacancies during the pre-commissioning phase and 1,500 skilled jobs once operational.
Pranav Adani praised Chief Minister Nitish Kumar’s efforts to improve Bihar’s business environment, stating that the state’s proactive approach is paving the way for future investment growth.
“On behalf of the Adani Group, let me thank you for your constant support, guidance and encouragement – and also for the opportunity to do more in Bihar – with Bihar – for Bihar,” Pranav Adani concluded.
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