Adani Group-led Ambuja Cements on Saturday it’ll make investments Rs 1,600 crore to arrange a 6 MTPA capability Warisaliganj Cement Grinding Unit in Bihar. It could be its first enterprise in Bihar. The mission may 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 mission can be carried out 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. Enough provisioning of land for future enlargement is in place which can be commissioned in the end at a lot decrease capex,” Ambuja Cements stated in a press release.
The corporate stated satisfactory provisioning of land for future enlargement is in place and it is going to be commissioned in the end at a a lot decrease capex. It added the plant is positioned within the Mosama village, Tehsil Warisaliganj, District Nawada, Bihar, the positioning is well-connected by street and rail, with Warisaliganj railway station 1 km away and SH-83 simply 500 meters from the positioning.
The corporate stated the mission will meet the rising infrastructure wants of Bihar, aligning with priorities outlined within the Union Finances.
On the basis stone-laying ceremony, Bihar CM Nitish Kumar stated the funding is a testomony to Bihar’s progress potential.
Pranav Adani, MD (Agro, Oil & Fuel) and director of Adani Enterprises, stated the funding aligns with the state authorities’s improvement programmes and the corporate’s progress plans. “The cement business is witnessing wholesome volumes as a result of authorities’s infrastructure thrust and Ambuja Cements is well-positioned to help sustainable infrastructure improvement within the nation.”
The Bihar Industrial Space Improvement 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 mission. The unit is anticipated to start operations by December 2025.
Moreover, BIADA has designated 26.6 acres of land to Amubja Cements for an additional cement unit inside the industrial space of Mahbal, Motipur, Muzaffarpur. The corporate talked about that the environmental clearance for this mission is at present in progress and building is anticipated to start quickly.
Within the Finances 2024, FM Nirmala Sitharaman introduced to sanction Rs 58,900 crore to Bihar, which incorporates Rs 26,000 crore for street 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 combating. 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 thought is to rework them into “world-class pilgrim and vacationer locations”.
