Adani to invest Rs57,575 cr in setting up alumina refinery in Odisha

Adani group will invest Rs 57,575 crore in setting up an alumina refinery in Odisha as the company run by richest Indian Gautam Adani adds one more business. In a press statement, the Adani group said it will set up a 4-million tonnes a year alumina refinery near bauxite mines  and an iron ore project.

"The High-Level Clearance Authority f the government of Odisha, headed by chief minister Naveen Patnaik, endorsed  the Adani Group's proposal to set up 2 projects -- a 4 million tonnes per year integrated alumina refinery and a 30 million tonnes iron ore project," it said. Starting as a commodities trader in late 1980s, the Adani group has over the years added ports, airports, power, renewable energy, gas distribution, data centre and more recently cement business.

"Further, being a power intensive business, it is a great adjacency to the renewable energy that we are able to generate and help to produce the greenest alumina anywhere," Gautham Adani  said. "Our capital investment of Rs 57,575 crore will create 9,300 direct jobs and open up tens of thousands of indirect employment opportunities in Odisha."

"Odisha is one of our most strategic states in which we have continued to invest and we are always appreciative of the support we have received from chief minister Naveen Patnaik," said Gautam Adani, Chairman, Adani Group. Metals  are critical commodities in which the nation must be self-reliant, and these projects are aligned with vision of Atmanirbharta, Adani said.

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