- 23 Dec 2024
- ICICI Securities
ADANI GROUP PLANS TO INVEST ₹28,000 CRORE IN BIHAR
News: Adani Group plans to Invest ₹28,000 crore in Bihar. It plans to invest ₹20,000 crore to set up a 1,600 MW coal-fired ultra-supercritical thermal power plant in Bihar. Adani group plans to source fuel (Coal) for the plant from neighbouring states Jharkhand and West Bengal. It will invest ₹2100 crore to manufacture and install 2.8 million smart meters in five cities: Siwan, Gopalganj, Vaishali, Saran, and Samastipur. It has also planned to invest ₹2,500 crore to set up a 10 MMTPA cement manufacturing plant in Warsaliganj. The Adani Group also plans a Infrastructure investment of ₹1,000 crore for developing strategic infrastructure, including Gati Shakti Railway Terminals, Inland Container Depots, and Industrial Warehousing Parks.
Views: The planned investments will create ordering opportunities for capital goods players like BHEL, L&T, Thermax.
Impact: Positive