Adani Group and Abu Dhabi’s International Holding Company have agreed to invest $11.5 billion in a large aluminium plant in Odisha.
The two partners will develop an integrated aluminium facility that includes a smelter, refining operations and a captive power plant. The project will take shape over the next few years through a mix of debt and equity funding.
Reports indicate the aluminium smelter will have an annual capacity of more than 2 million tonnes. The facility will also feature a captive power plant to meet its high energy needs. Logistics for the project are expected to use Adani’s Dhamra port on the Bay of Bengal.
The investment marks Adani Group’s second major entry into metals after its copper smelter in Gujarat began operations last year. It represents one of the largest foreign investments in India’s metals and minerals sector.
Company officials described the project as a strategic step to meet rising domestic demand for aluminium. They noted that the plant will support India’s infrastructure and manufacturing growth.
The smelter’s output could raise India’s total aluminium production capacity by nearly 50 per cent. India currently produces about 4.2 million tonnes of aluminium each year and consumes around 5.5 million tonnes. Demand is projected to grow sharply in the coming decades as the country expands its industrial base.
The project forms part of efforts to boost India’s position in the global aluminium market. The country aims to increase its capacity significantly to support long-term economic goals and reduce import dependence.
Adani Group operates across ports, energy, logistics and now metals. Abu Dhabi’s International Holding Company is a major investment firm backed by the UAE government. The partnership builds on earlier ties between the two entities in other sectors. The aluminium plant will add to Odisha’s growing industrial landscape while creating jobs and supporting the state’s economy.
