Adani and IHC pledge $11.5 bn for India’s biggest integrated aluminium hub
Adani Enterprises and Abu Dhabi’s International Resources Holding signed a 50‑50 MoU to build a $11.5 bn integrated aluminium complex in Odisha – a 4 MMTPA alumina refinery, 2 MMTPA smelter, 4 GW power plant and a downstream park. The project, the largest FDI in India’s metallurgy, will create about 53,500 jobs and cut the country’s reliance on imported aluminium for EVs and other industries.