Adani's Rs 1,600 Crore Cement Investment in Bihar

Gautam Adani's Adani Group has announced a significant investment of Rs 1,600 crore to establish a new cement grinding unit in Warisaliganj, Bihar, marking the group's first venture in the state's cement industry. The 6 MTPA facility, to be implemented in three phases, is expected to create 250 direct and 1,000 indirect jobs, contributing approximately Rs 250 crore annually to the state's revenue. This project aligns with Bihar's infrastructure needs and is part of a broader Rs 5,500 crore investment by Adani across various sectors in the state, generating 40,000 employment opportunities. Concurrently, the Indian cement sector is witnessing fierce competition between Adani and UltraTech Cement, owned by Kumar Mangalam Birla, with both companies making strategic acquisitions to expand their market share.