In a significant development, the Adani Group on Thursday announced to build a mega aluminium plant in Odisha, along with Abu Dhabi-based International Holding Company (IHC), with a proposed investment of $11.5 billion (nearly 1.08 lakh crore).
At the MoU signing ceremony for the proposed aluminium project in Bhubaneswar, Karan Adani, Managing Director of Adani Ports and Special Economic Zone Limited (APSEZ), said the “Adani Project represents ambition at a truly global scale”.
“With a proposed investment of $11.5 billion, translating to nearly Rs 1.08 lakh crore, this is among the most significant aluminium ecosystem investments anywhere in the world. But its true significance lies not only in the size of the investment. It lies in the depth of its impact,” Karan Adani noted.
Addressing the gathering, Karan Adani said that “we are gathered not merely to witness the historic MoU but to herald the beginning of a new economic chapter for Odisha, which will shape and accelerate the growth trajectory of Bharat”.
The project’s true significance lies not only in the size of the investment but in the depth of its impact.
“This project brings together the full aluminium value chain in one integrated ecosystem. It envisages an alumina refinery of nearly 4 million tonnes per annum, an aluminium smelter of nearly 2 million tonnes per annum, and a downstream aluminium park of nearly 1 million tonnes per annum,” said Karan Adani.
It will be supported by a captive power capacity of about 4,000 megawatts and a green energy component of about 400 megawatts.
“These numbers are not merely statistics. They represent the foundation of a new industrial future. During construction, this project will generate nearly 35,000 jobs. During operations, it will support around 18,500 jobs,” he informed.
“Behind every one of these numbers is a family, a dream, a young person acquiring a skill, a small business receiving an order, a local entrepreneur finding a market, and a community seeing new opportunities,” Karan Adani said, adding that “to IHC and all partners, we welcome your confidence in Odisha and in India”.
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