Ambuja Cement will set up this facility with a 6 MTPA (million tonnes every year) capability.
The 6 MTPA Warisaliganj cement grinding unit is the primary enterprise in Bihar of Ambuja Cement Ltd, which is aggressively increasing its capability within the nation.
Ambuja Cement Ltd (ACL) on Saturday introduced an funding of round Rs 1,600 crore in Bihar to arrange a cement grinding unit at Warisaliganj in Nawada district. The Adani Group-owned firm will set up this unit with a 6 MTPA (million tonnes every year) capability.
The 6 MTPA Warisaliganj cement grinding unit is the primary enterprise in Bihar of ACL, which is aggressively increasing its capability within the nation, in line with an announcement from the Adani Cement entity.
“The Warisaliganj Cement Grinding Unit, a standalone facility with an total capability of 6 MTPA (million tonnes every year), shall be established at an funding of almost Rs 1,600 crore,” it stated.
With this announcement, the billionaire Gautam Adani-led agency has develop into “the most important funding within the state by a cement trade participant”.
“The venture will meet the rising infrastructure wants of Bihar, aligning with priorities outlined within the current Union Price range,” it stated.
Within the newest Union Price range 2024-25, the Narendra Modi-led authorities unveiled big-ticket tasks for Bihar, proposing a complete outlay of over Rs 60,000 crore for varied tasks, together with funding for 3 expressways, an influence plant, heritage corridors and new airports and sports activities infrastructure.
Finance Minister Nirmala Sitharaman introduced Centre’s assist for the event of three Expressway tasks — Patna-Purnea, Buxar-Bhagalpur, and Bodhgaya, Rajgir, Vaishali and Darbhanga, and a further two-lane bridge over river Ganga at Buxar.
These 4 tasks could have a complete price of Rs 26,000 crore.
The Adani group agency stated it’s going to execute its cement grinding unit venture in phases, with the primary part being commissioned by December subsequent 12 months.
“The venture shall 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. Sufficient provisioning of land for future enlargement is in place, which shall be commissioned in the end at a lot decrease capex,” ACL stated.
The venture shall be situated in Mosama village, Tehsil Warisaliganj, District Nawada, Bihar and the location is well-connected by highway and rail community.
Furthermore, this venture will contribute “roughly Rs 250 crore per 12 months to the state’s fiscal income” and create 250 direct jobs and 1,000 oblique jobs.
Bihar Industrial Space Growth Authority (BIADA), the state company, has already allotted 67.90 acres of land for this cement unit for which environmental clearance has been obtained for work on the location.
Pranav Adani, Managing Director (Agro, Oil & Fuel) and Director, Adani Enterprises Restricted, stated: “We look ahead to collaborating with the state authorities, authorities, and native communities on this and future tasks. State authorities’s assist in quick monitoring and provisioning of all permits has made this landmark funding potential briefly time.” Adani Group is the second largest cement maker. It had lately introduced the acquisition of Hyderabad-based Penna Cement at an enterprise worth of Rs 10,422 crore, which can add 14 MTPA, taking its capability to 93 MTPA.
The group goals to realize a 140 MTPA capability by FY28 and is aggressively increasing organically by means of capability enlargement on the current models and likewise going for acquisitions. By Ambuja, it additionally controls ACC Ltd and bought MyHome Industries and Sanghi Industries in 2023.
