Ambuja Cements, part of the diversified Adani Portfolio, on Saturday announced to invest Rs 1,600 crore to set up a 6 MTPA cement grinding unit in Bihar.<\/p>\n\n\n\n
Aimed at boosting infrastructure, the Warisaliganj Cement Grinding Unit is likely to contribute approximately Rs 250 crore per year to the state\u2019s fiscal revenue and creating 250 direct and 1,000 indirect jobs for the state.<\/p>\n\n\n\n
\u201cThis investment by the Adani Group is a testament to Bihar\u2019s growth potential and our commitment to fostering sustainable development for the people of the state,\u201d said Chief Minister Nitish Kumar.<\/p>\n\n\n\n
The project will be implemented in three phases, with the first phase of 2.4 MTPA at an investment of Rs 1,100 crore targeted to be commissioned by December 2025.<\/p>\n\n\n\n
\u201cThis investment aligns with the state government\u2019s development programmes and our growth plans. The cement industry is witnessing healthy volumes due to the government’s infrastructure thrust, and Ambuja Cements is well-positioned to support sustainable infrastructure development in the country,\u201d said Pranav Adani, Managing Director (Agro, Oil & Gas) and Director, Adani Enterprises Limited.<\/p>\n\n\n\n
\u201cWe look forward to collaborating with the state government, authorities, and local communities on this and future projects,\u201d Pranav Adani added.<\/p>\n\n\n\n
Adequate provisioning of land for future expansion is in place which will be commissioned in due course at much lower capex, said the company.<\/p>\n\n\n\n
The project will meet the growing infrastructure needs of Bihar, aligning with priorities outlined in the recent Union Budget.<\/p>\n\n\n\n
The company\u2019s first venture in Bihar marks the largest investment in the state by a cement industry player. AGENCIES<\/p>\n","protected":false},"excerpt":{"rendered":"
Ambuja Cements, part of the diversified Adani Portfolio, on Saturday announced to invest Rs 1,600 crore to set up a 6 MTPA cement grinding unit in Bihar. Aimed at boosting infrastructure, the Warisaliganj Cement Grinding Unit is likely to contribute approximately Rs 250 crore per year to the state\u2019s fiscal revenue and creating 250 direct […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"footnotes":"","_jetpack_memberships_contains_paid_content":false,"jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[87],"tags":[],"jetpack_publicize_connections":[],"yoast_head":"\n