An integrated greenfield aluminium project worth Rs 1.08 lakh crore ($11.5 billion) is set to be developed in Odisha through a joint venture between Adani Enterprises Limited (AEL) and International Resources Holding (IRH). This project, the largest FDI proposal in Odisha and India’s metallurgy sector, will be executed in two phases with investments of Rs 66,000 crore and Rs 44,000 crore. It is anticipated to create 53,500 jobs and position Odisha as a global aluminium manufacturing hub.
Odisha’s Chief Minister Mohan Charan Majhi expressed that this initiative marks the state’s entry into the global aluminium supply chain. The project includes an alumina refinery, an aluminium smelter, a captive power plant, and a downstream manufacturing park, aiming to generate 53,500 jobs during construction and operations. Adani Group’s Managing Director highlighted the project’s significance in strengthening India’s industrial competitiveness and creating an integrated aluminium ecosystem.
During the construction phase, the project is expected to create around 35,000 jobs, while mining, alumina refining, aluminium production, and downstream manufacturing operations are projected to support an additional 18,500 jobs. Furthermore, the project is likely to generate indirect employment opportunities in logistics, engineering, maintenance, and ancillary industries. Once operational, it is poised to enhance India’s aluminium manufacturing base and solidify Odisha’s position as a prime destination for industrial investments in Asia.
