IHC is focusing heavily on India as part of its global investment strategy. Antonie Robertson / The NationalIHC is focusing heavily on India as part of its global investment strategy. Antonie Robertson / The NationalProject in Odisha will be state's largest aluminium complexThe NationalJuly 02, 2026
IHC and India's Adani Group have signed an initial pact to invest $11.5 billion in an aluminium project in Odisha, with each holding a 50 per cent stake.
The project will create India's largest aluminium complex, with an annual capacity of four million tonnes of alumina and two million tonnes of aluminium.
The development is expected to generate 53,500 jobs in Odisha.
India is targeting domestic aluminium production growth to meet demand projected to reach 8.5 million metric tonnes by the 2030 fiscal year.
