Adani Enterprises and IHC Sign Agreement for $11.5 Billion Aluminium Project in Odisha

Adani Enterprises Ltd. and Abu Dhabi‑based International Holding Co. (IHC) have entered into a partnership to launch an aluminium production project in the eastern Indian state of Odisha, with a total investment of US$11.5 billion. The two companies signed a Memorandum of Understanding (MOU) that outlines the project’s overall cost and investment timeline. The project is positioned to leverage Odisha’s strategic location and abundant natural resources, thereby contributing to the region’s industrial development. Adani Enterprises is pursuing the investment to strengthen its metal‑sector portfolio, while IHC’s financial backing will help the venture meet both domestic and international aluminium demand. Both firms have underscored their commitment to environmental compliance and sustainability standards for the manufacturing facility. The initiative is expected to enhance India’s aluminium production capacity, positively impact the country’s trade balance, and generate regional employment opportunities while accelerating infrastructure development. This is not investment advice.