Moving towards attaining self-reliance and offering humongous developmental opportunities, Adani Godda has announced the establishment of a cement factory and its power plant project. The consent to set up a factory was reached after a conversation between the Chairman of the Adani Group, Gautam Adani, and MP Dr. Nishikant Dubey in Delhi.
Dr. Dubey had previously raised concern over the large amount of fly ash that accumulates during power generation. However, it was stated by the Adani Group, that the model of the factory will be based on a sustainable solution. Fly ash in large quantities will be mixed with limestone to make cement that will overcome all challenges. With an upcoming power plant of 1600 MW capacity based on super-critical technology and cement factory in Godda by the Adani Godda, the region is likely to become a big industrial hub. Local people will get more employment opportunities that will contribute to the overall economy of the state.
The MP of Godda, Dr. Nishikant Dubey announced that approval has been given on his behalf to establish a cement factory along with a power plant in Godda, and he hoped in the future, the region will witness more achievements and prosperity with the support of such conglomerates.
Being one of India’s most mineral-rich states, Jharkhand immensely contributes to the overall mineral production in terms of value. It has more than 40 percent of India’s mineral wealth which makes it lucrative for investments. Considering the favorable conditions and the huge scope of development, the big industry players of various sectors are preferring the state for their operations.
Jharkhand’s coal reserves are estimated at around 83,151 million tonnes, whereas, it accounts for 20-25% of the total steel production in India. In 2018-19, 1,248 thousand tonnes of limestone was produced in Jharkhand with a total value stood at Rs. 42.91 crore (US$ 6.09 million). Total exports from the region were registered at US$ 1,168.01 million in 2019-20. In 2020-21, exports from the state stood at US$ 1,351.81 million.
Apart from the Adani Group Godda, Jharkhand houses various coal mines projects of numerous other companies. The Chakla coal block owned by Hindalco is set to bolster the sector and uplift the socio-economic status of the rural people in the state. Earlier, Vedanta also chose Jharkhand to set up a steel plant with a capacity of 4.5-million-tonne-per-annum at an investment of $3-4 billion. Once operational, it will directly boost the overall revenue and employment rate.