Adani Group To Enter Cement Manufacturing Sector In Bihar
Adani Group plans to increase investment in Bihar to about Rs 8,700 crore, Pranav Adani, director, Adani Enterprises, said. Adani Enterprises is the flagship firm of the Adani conglomerate. In addition to increasing investment in the state, Adani group will also expand investment into three new sectors, namely, cement manufacturing, logistics, and the agro-industry. As part of the expansions, the Adani Group plans to increase the godown storage capacity by 1 lakh square feet to bypass 65 lakh square feet with an investment of Rs 1,200 crore. Two new big godowns will be established in Patna. Additionally, storage capacity in 6 places, namely, Poornia, Begusarai, Darbangha, Samastipur, Kishanganj, and Arria will be increased with an investment of Rs 900 crore in agri-logistics. The conglomerate will also bring in Adani Wilmar into the state. Adani Group will enter into cement manufacturing in the state with an investment of Rs 2,500 crore for the same. As part of the investments, Adani Group would venture into smart meter manufacturing with an outlay of Rs 3,100 crore, and generate employment opportunities for about 2,000 people.
Tags : Pranav Adani director Adani Enterprises Poornia Begusarai Darbangha Samastipur Kishanganj Arria