Ambuja Cements to invest Rs 1600 cr to set up cement grinding unit in Bihar; to create 250 direct and 1000 indirect jobs – Industry News
Adani Group-owned Ambuja Cements announced that it will invest nearly Rs 1600 crore to set up a 6 MTPA cement grinding unit in Bihar. The Warisaliganj cement grinding unit 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, the company said in a regulatory filing. Ambuja Cements said that adequate provisioning of land for future expansion is in place which will be commissioned in due course at much lower capex.
Located in the Mosama village, Tehsil Warisaliganj, District Nawada, Bihar, the site is well-connected by road and rail, with Warisaliganj railway station 1 km away and SH-83 just 500 meters from the site. “The project will meet the growing infrastructure needs of Bihar, aligning with priorities outlined in the recent Union Budget,” it stated.
At the foundation stone-laying ceremony, hosted by the Bihar Industrial Area Development Authority (BIADA), Bihar Chief Minister Nitish Kumar said, “This investment by the Adani Group is a testament to Bihar’s growth potential and our commitment to fostering sustainable development for the people of Bihar.”
Are Vande Bharat trains replacing existing train services? Ashwini Vaishnaw gives clarification – Here’s what he said
Infosys: GST Intelligence alleges Rs 32,000 Crore tax evasion – What’s at Stake?
In Images | Inside Mukesh Ambani’s Rs 592 crore ultra-luxury hotel: A look at 49 super-premium rooms
Budget 2024: Tweaks in new tax regime, angel tax abolished, Oppn stages walkout from Lok Sabha over Union Budget – Highlights
The project is aimed at boosting infrastructure and will contribute approximately Rs 250 crore per year to the state’s fiscal revenue and create 250 direct jobs and 1000 indirect jobs for the state.
Pranav Adani, Managing Director (Agro, Oil & Gas) and Director, Adani Enterprises Limited, said, “This investment aligns with the State Government’s development programs 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. We look forward to collaborating with the state government, authorities, and local communities on this and future projects. State Government’s support in fast tracking and provisioning of all permits has made this landmark investment possible in a short time.”
BIADA has allotted 67.90 acres of land for this cement unit for which environmental clearance has been obtained for work on the site. This unit is likely to be operational by December 2025. In addition to Warisaliganj, Ambuja Cements Limited has been allotted 26.60 acres of land by the BIADA for another cement unit in the industrial area of Mahbal, Motipur, Muzaffarpur.
Images are for reference only.Images and contents gathered automatic from google or 3rd party sources.All rights on the images and contents are with their legal original owners.
Comments are closed, but trackbacks and pingbacks are open.