The billionaire Gautam Adani-led Adani Group is planning to take a position ₹20,000 crore in organising a brilliant essential thermal energy plant in Bihar, reported PTI.
Jaipur: Adani Group Chairman Gautam Adani addresses the gathering through the �51st Gem and Jewelry Awards (IGJA)�, in Jaipur, Saturday, Nov. 30, 2024. (PTI Photograph) (PTI11_30_2024_000351A)(PTI)
The announcement about this was made by Pranav Adani, Director, Adani Enterprises Ltd, on the Bihar Enterprise Join 2024.
“We are also exploring investment avenues in Bihar’s energy sector. Our plan is to invest around ₹20,000 crore to set up an ultra-supercritical thermal power plant,” Pranav Adani mentioned. “We expect such a massive project to open up at least 12,000 job vacancies in the pre-commissioning phase and also lead to around 1,500 skilled jobs during the operational phase.”
The Adani Group also plans to expand the cement, food processing and logistics business in the state.
Pranav Adani said the ports-to-energy conglomerate is invested in three sectors in Bihar – logistics, gas distribution and agri logistics, where it has already invested around ₹850 crore.
“We at the moment are going to take a position one other ₹2,300 crore in these sectors. This funding is not going to solely massively enhance our warehousing and dealing with capability and increase our presence within the EV, metropolis fuel distribution (CGD) and compressed biogas (CBG) area however may even generate an extra 27,000 direct and oblique native job alternatives,” he was quoted as saying by PTI.
Adani Group can be trying to doubtlessly make investments one other ₹1,000 crore in growing strategic infrastructure in Bihar. This contains initiatives akin to Gati Shakti Railway Terminals, ICDs (Inland Container Depots) and Industrial Warehousing Parks.
“Another sector we are investing in is smart meter manufacturing. As Bihar migrates from conventional electric meters to smart meters, we will invest ₹2,100 crore to manufacture and install over 28 lakh smart meters to automate power-consumption-monitoring in five cities– Siwan, Gopalganj, Vaishali, Saran and Samastipur,” Pranav Adani mentioned. “ This will generate at least 4,000 local jobs in this technology segment.”
The group additionally introduced that the cement crops in state might be expanded to 10 million tonnes every year capability. This may price about ₹2,500 crore, which might be invested in in a number of phases.
(Inputs from PTI)