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Adani Enterprises and UAE’s IHC Announce ₹1.08 Lakh Crore Aluminium Project in Odisha

Adani Enterprises and International Holding Company (IHC) of UAE will jointly invest ₹1.08 lakh crore to develop a large-scale aluminium project in Odisha, planned in two phases with respective investments of ₹66,000 crore and ₹44,000 crore.

Jyotismita Choudhury - - 1 min read
Adani Enterprises and UAE’s IHC Announce ₹1.08 Lakh Crore Aluminium Project in Odisha
image credit : Reuters

Adani Enterprises, in collaboration with the UAE's International Holding Company (IHC), has committed to an ₹1.08 lakh crore investment to establish a major aluminium project in Odisha. The project will be implemented in two distinct phases, with the first phase involving an investment of around ₹66,000 crore and the second phase approximately ₹44,000 crore.

This significant investment aims to boost the aluminium production capacity and contribute to the industrial development of Odisha.

In addition, it is expected to create 9,300 direct jobs and thousands of indirect jobs in Odisha.

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