Adani Group and Abu Dhabi’s International Holding Company (IHC) are partnering to invest $11.5 billion to build an integrated aluminium manufacturing ecosystem in Odisha. This project, which includes a refinery, smelter, and power plant, marks Adani's second major entry into the metals sector. Investors will track the project’s funding, regulatory approvals, and the timeline for execution.
What Happened
Adani Group and Abu Dhabi’s International Holding Company (IHC) have announced plans to invest approximately $11.5 billion (roughly ₹1.08 lakh crore) to set up a massive aluminium manufacturing ecosystem in Odisha. The project is an integrated facility that will include a 4 million tonnes per annum (MTPA) alumina refinery, a 2 MTPA aluminium smelter, and a 1 MTPA downstream aluminium park. To support these energy-intensive operations, the complex will feature a 4,000 MW captive power plant, along with an additional 400 MW of green energy capacity. The project is expected to create around 53,000 jobs through its construction and operation phases.