Odisha signs huge FDI worth $11.5B with Adani group to build integrated aluminium value Chain

Jul 02, 2026

Bhubaneshwar (Odisha), July 02 2026 (ANI): Odisha CM Mohan Charan Majhi witnesses Memorandum of Understanding (MoU) signing ceremony between Adani Enterprises Ltd, International Holding Company, and the Industries Department, Government of Odisha. This landmark agreement marks India’s largest Foreign Direct Investment (FDI) in the Mining and Metallurgy sector, opening up unprecedented opportunities for industrial growth, employment, and economic transformation in Odisha. At the MoU signing ceremony between Adani Enterprises Ltd, International Holding Company, and the Industries Department, Government of Odisha, Karan Adani (Managing Director of Adani Ports & Special Economic Zone Ltd (APSEZ)) says, “…This project represents ambition on a truly global scale. With a proposed investment of USD 11.5 billion—translating to nearly 1.08 lakh crores—this is among the most significant aluminium ecosystem investments anywhere in the world…This project brings together the full aluminium value chain into one integrated ecosystem. It envisages an alumina refinery of nearly 4 million tons per annum, an aluminium smelter of nearly 2 million tons per annum, and a downstream aluminium park of nearly 1 million tons per annum. It will be supported by a captive power plant of about 4,000 megawatts and a green energy component of about 400 megawatts. These numbers are not mere statistics; they represent the foundation of a new industrial future…During construction, this project will generate nearly 35,000 jobs. During operations, it will support around 18,500 jobs...'”