https://www.engineeringnews.co.za
Abu Dhabi|Adani|International Holding Company|India|Aluminium|Mining|Renewable Energy|Odisha
||||
abu-dhabi|adani|international-holding-company|india|aluminium|mining|renewable-energy|odisha

UAE's IHC, Adani plan $11bn aluminium project in India

Rolled aluminium

Photo by Bloomberg

2nd July 2026

By: Reuters

  

Font size: - +

Abu Dhabi's International Holding Company plans to invest $11.5-billion in an integrated aluminium project in India's eastern state of Odisha through a joint venture with Adani Group, a State official said on Thursday, marking the country's largest foreign investment in the metals sector.

Under the Memorandum of Understanding (MoU), IHC and India's Adani Group will each hold a 50% stake in the venture, which will comprise a refinery, smelter, captive power plant and downstream aluminium manufacturing park.

The investment comes as India seeks to expand domestic aluminium production to meet growing demand from the infrastructure, power, transport and renewable energy industries, while reducing reliance on imports of value-added metal products.

Odisha, home to some of India's largest bauxite reserves, accounts for 54% of the country's aluminium output.

The project is expected to create 53 500 jobs, with 35 000 during construction and another 18 500 once operations begin, the State official said at the MoU signing ceremony.

The project will house Odisha's largest aluminium complex, comprising a four-million tons a year alumina capacity, a two-million tons a year aluminium capacity and downstream aluminium facilities, with a capacity of one-million tons a year.

Edited by Reuters

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

ECG Engineering
ECG Engineering

ECG provides specialised electrical engineering services to the Mining, Utilities, Materials Handling and Industrial industries, with extensive and...

VISIT SHOWROOM 
Tradestream
Tradestream

We partner growth of our select clients through our comprehensive and competitive integrated international logistics, trade finance and information...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (03/07/2026)
3rd July 2026 By: Martin Creamer

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.062 0.101s - 150pq - 2rq
Subscribe Now