Adani Cement to set up unit in Bihar for investment for Rs 1,600 crore
Adani Cement-owned Ambuja Cements will be investing Rs 1,600 crore in the Nawada district of Bihar to set up a six-million-tonne cement grinding unit. This is not only the first investment by the Adani group in Bihar, but also the largest investment for the state from the cement industry.
The project will be set up in three phases in the states, with the first phase entailing an investment of Rs 1,100 crore, a capacity of 2.4 million tonne, and completion targeted by December 2025.
“This investment aligns with the State Government's development programs and our growth plans,” Pranav Adani, director of Adani Enterprises was quoted in a release. “State Government’s support in fast tracking and provisioning of all permits has made this landmark investment possible in short time,” he said.
The requisite land for further expansion at the site is already in place, and further expansion is expected to come in at significantly lower capital expenditure, the company said. This project is expected to create 250 direct and 1,000 indirect jobs, and is likely to add Rs 250 crore to the state’s revenue.
Adani Cements – consisting of Ambuja Cements, ACC and Sanghi Industries – is the second largest producer of the cement in the country with a production capacity of nearly 79 million tonne. The company has recently acquired Hyderabad-based Penna Cement Industries which has a capacity of 14 million tonne, and aims to have a production capacity of 140 million tonne by 2028.
The cement unit is to be set up in Mosama village in
