UAE's IHC, Adani plan $11.5 billion aluminum project in India's Odisha
Company News · Mining.com ·
Abu Dhabi's International Holding Company plans to invest $11.5 billion in an integrated aluminum project in India's eastern Odisha state through a joint venture with the Adani Group, in what would be the country's largest foreign investment in the metals sector. The move supports India's push to expand domestic aluminum output to meet rising demand from infrastructure, power, transport and renewable energy while reducing reliance on imports of value-added metal products.