IHC, Adani announce $11.5bn aluminium project in Odisha, India

Odisha lands largest-ever FDI as Adani-IHC JV signs ₹1 lakh cr aluminium project

Odisha signs an $11.5 billion MoU with Adani Group and IHC for an integrated aluminium project, boosting jobs and industrialization in the state.

Indian, UAE groups ink pact for $11.5bn aluminium project in Odisha

India’s Adani Group and Abu Dhabi’s International Holding Company (IHC) are looking to invest $11.5 billion in a massive aluminum project in the eastern state of Odisha, the Indian conglomerate said on Thursday. The two parties signed a memorandum of understanding with the Odisha state government, Adani said in a statement, with the proposed investment set to be India’s “largest foreign direct investment in the metallurgy sector”. The statement said the Odisha project will see Adani Enterpris...

By none@none.com (AFPReuters)

UAE's IHC, India's Adani Group plan $11.5 billion aluminium project in Odisha

Project to create 53,500 jobs includes aluminium refinery and 4,000MW captive power plant

By AFP/REUTERS