Adani Power plans to invest Rs 7,000 Crs in Bihar

The first-generation, dollar billionaire Mr Gautam Adani  along with top honchos of his group companies was in Patna recently. In a power point presentation made to chief minister Nitish Kumar, the group company – Adani Power Limited – proposed to set up a thermal power plant with a capacity of 1320MW (660MWX2) and develop Urma Pahari coal block, located in Jharkhand, which has been allotted to Bihar by the Centre.

There are three companies of Adani Group — Adani Power Ltd, Mundra Port and Special Economic Zone Ltd and Adani Enterprises Ltd — all listed in the share market and the cumulative capital of the three companies stood at Rs 25,000 crore.

The Adani Group has shown interest for making investments in food processing sector based  on Litchi and Langra variety of mango which are very famous. They also have shown interest for investing in mining and development of port.

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