en.Wedoany.com Reported - The Bihar State Investment Promotion Board (SIPB) granted Stage-I approval to 36 investment projects at its 68th meeting on June 24, 2026, with a total investment of 16.286 billion Indian rupees. Among them, the largest project comes from India's largest cement manufacturer, UltraTech Cement Limited, which plans to build a new cement plant with an annual capacity of 3.5 million tonnes in the Katolia Industrial Area of Banka District, Bihar, with an investment of 6.3097 billion Indian rupees (approximately $66.8 million).

UltraTech Cement is the flagship company of the Aditya Birla Group and one of the world's leading cement producers. As of the first quarter of fiscal year 2026, the company operates 34 integrated plants, 30 grinding units, and 9 bulk terminals in India, with a total capacity of 192.26 million tonnes per annum, and is expected to exceed 200 million tonnes per annum within fiscal year 2026. This new project in Bihar is part of its ongoing strategy to expand its domestic capacity footprint.

The Bihar government stated that the approval of these projects is a key initiative to accelerate the state's industrialization process, create employment opportunities, and promote economic development. The meeting particularly emphasized simplifying, making transparent, and time-bound the investment approval process, and discussed addressing practical challenges faced by investors to further strengthen Bihar's position as a competitive and investment-friendly destination. This project will significantly enhance cement production capacity in the region, expected to boost local infrastructure development and create job opportunities.

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