The project will comprise a 4 million metric tonnes per annum (MMTPA) alumina refinery, a 2 MMTPA aluminium smelter, a 4,000-megawatt captive power plant and a 1 MMTPA downstream manufacturing park, supported by enabling infrastructure.
The company said the proposed investment is expected to be Odisha’s largest foreign direct investment (FDI) proposal and India’s largest foreign direct investment in the metallurgy sector.
The project is expected to generate around 53,500 jobs across construction and operations. According to the press release filed with the NSE, about 35,000 jobs are expected to be created during the construction phase, while mining, alumina refining, aluminium production and downstream manufacturing operations are expected to support another 18,500 jobs.Karan Adani, Managing Director, Adani Ports and Special Economic Zone (APSEZ) and Director, Adani Cement, said, “Together with the Government of Odisha, we will build an integrated aluminium ecosystem that creates jobs, expands value-added manufacturing and strengthens India’s industrial competitiveness.”
The company added that downstream manufacturing park is expected to attract manufacturers producing components for transport, construction, power, packaging, renewable energy and advanced engineering, supporting the growth of micro, small and medium enterprises (MSMEs) across the state.
Speaking on the occasion, Odisha Chief Minister Mohan Charan Majhi said, “Already India’s leading hub for metals and mineral-based industries, the state is now poised to become a global centre for aluminium and value-added manufacturing.”
Shares of Adani Enterprises Limited ended 0.68% higher at ₹3,165 on the NSE on Thursday.
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