Adani Group to invest ₹20,000 crore in Bihar Thermal Power Plant

The Adani Group, under the leadership of billionaire Gautam Adani, is set to make significant investments in Bihar’s industrial and energy landscape. As announced by Pranav Adani, Director of Adani Enterprises Ltd, during the Bihar Business Connect 2024, the conglomerate plans to establish an ultra-supercritical thermal power plant in the state. This massive project will involve an investment of ₹20,000 crore and is expected to generate substantial employment opportunities, both during the construction and operational phases.

Transforming Bihar's energy sector

The proposed thermal power plant represents a pivotal step in Bihar’s energy development. According to Pranav Adani, the project will create approximately 12,000 jobs in the pre-commissioning phase and 1,500 skilled jobs during its operational phase. This move aligns with Adani Group’s broader strategy of bolstering energy infrastructure in the region. The project’s ultra-supercritical technology promises greater efficiency and lower emissions, ensuring a balance between industrial growth and environmental sustainability.

In addition to the power plant, the Adani Group is focusing on other crucial sectors in Bihar, including logistics, gas distribution, and agri-logistics. With an existing investment of ₹850 crore in these areas, the group plans to infuse an additional ₹2,300 crore. This expansion aims to enhance warehousing and handling capacity and expand operations in electric vehicles (EV), city gas distribution (CGD), and compressed biogas (CBG). The expected result is the creation of over 27,000 new direct and indirect jobs in the state.

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The Adani Group is also investing in modernizing Bihar’s infrastructure through strategic initiatives. It plans to allocate ₹1,000 crore towards developing strategic infrastructure, such as Gati Shakti Railway Terminals, Inland Container Depots (ICDs), and Industrial Warehousing Parks. These projects will improve logistics efficiency and support Bihar’s industrial growth.

Another key area of investment is smart meter manufacturing. As Bihar transitions from conventional electric meters to smart meters, the Adani Group will invest ₹2,100 crore to manufacture and install 28 lakh smart meters across Siwan, Gopalganj, Vaishali, Saran, and Samastipur. This initiative will automate power consumption monitoring and create 4,000 local jobs in the technology sector.

Expanding cement operations

In the cement sector, the Adani Group plans to enhance its capacity in Bihar to 10 million tonnes per annum. This expansion, with an investment of ₹2,500 crore, will be carried out in multiple phases. The group’s increased focus on cement production underscores its commitment to supporting the state’s construction and infrastructure sectors.

Pranav Adani also highlighted the group’s interest in expanding its presence in the food processing and logistics industries. The Adani Group’s comprehensive investment strategy is poised to transform Bihar into a hub of industrial and economic activity. By focusing on energy, infrastructure, and technological advancements, the group is set to play a pivotal role in the state’s growth and development.