Adani Group-led Ambuja Cements on Saturday it’s going to make investments Rs 1,600 crore to arrange a 6 MTPA capability Warisaliganj Cement Grinding Unit in Bihar. It might be its first enterprise in Bihar. The undertaking can have three phases. The primary part of two.4 MTPA will see an funding of Rs 1,100 crore and is focused to be commissioned by December 2025.
“The undertaking might be applied in three phases with first part of two.4 MTPA at an funding of Rs. 1,100 crore is focused to be commissioned by December 2025. Ample provisioning of land for future growth is in place which might be commissioned sooner or later at a lot decrease capex,” Ambuja Cements stated in a press release.
The corporate stated sufficient provisioning of land for future growth is in place and will probably be commissioned sooner or later at a a lot decrease capex. It added the plant is situated within the Mosama village, Tehsil Warisaliganj, District Nawada, Bihar, the location is well-connected by highway and rail, with Warisaliganj railway station 1 km away and SH-83 simply 500 meters from the location.
The corporate stated the undertaking will meet the rising infrastructure wants of Bihar, aligning with priorities outlined within the Union Price range.
On the basis stone-laying ceremony, Bihar CM Nitish Kumar stated the funding is a testomony to Bihar’s development potential.
Pranav Adani, MD (Agro, Oil & Fuel) and director of Adani Enterprises, stated the funding aligns with the state authorities’s growth programmes and the corporate’s development plans. “The cement trade is witnessing wholesome volumes as a result of authorities’s infrastructure thrust and Ambuja Cements is well-positioned to help sustainable infrastructure growth within the nation.”
The Bihar Industrial Space Growth Authority (BIADA) has allotted 67.9 acres of land for the cement unit. The corporate has confirmed that they’ve acquired the required environmental clearance for the undertaking. The unit is anticipated to begin operations by December 2025.
Moreover, BIADA has designated 26.6 acres of land to Amubja Cements for one more cement unit throughout the industrial space of Mahbal, Motipur, Muzaffarpur. The corporate talked about that the environmental clearance for this undertaking is at the moment in progress and development is anticipated to begin quickly.
Within the Price range 2024, FM Nirmala Sitharaman introduced to sanction Rs 58,900 crore to Bihar, which incorporates Rs 26,000 crore for highway tasks, together with the Patna-Purnia Expressway and the Buxar-Bhagalpur Expressway, a 2,400-MW energy plant at a value of Rs 21,400 crore in Pirpainti and Rs 11,500 crore for flood preventing. The Bihar authorities is anticipated to arrange airports, medical schools and sports activities infrastructure in Bihar.
Sitharaman additionally introduced hall tasks for the Vishnupad temple at Gaya and the Mahabodhi temple at Bodh Gaya, “modelled on the profitable Kashi Vishwanath Temple Hall”, in addition to “efforts to revamp the historic Nalanda College”. The concept is to rework them into “world-class pilgrim and vacationer locations”.
