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IHC, Adani announce $11.5bn aluminium project in Odisha, India
Key takeaways
- IHC, Adani announce $11.5bn aluminium project in Odisha, India.
- The planned investment will be made through a joint venture (JV), with both IHC and Adani Group holding equal stakes, as per the memorandum of understanding.
- It is set to become the largest foreign investment in India's metals sector to date.
IHC, Adani announce $11.5bn aluminium project in Odisha, India. The project is designed for output of 4mtpa of alumina · Mining Technology Shree Mishra Thu, July 2, 2026 at 9:45 PM GMT+7 2 min read ALI=F IHC.AB International Holding Company (IHC), based in Abu Dhabi, has proposed to invest $11.5bn (Dh42.23bn) in an integrated aluminium project in the Indian state of Odisha in partnership with Adani Group.
The planned investment will be made through a joint venture (JV), with both IHC and Adani Group holding equal stakes, as per the memorandum of understanding.
It is set to become the largest foreign investment in India's metals sector to date.
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