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Adani-IHC foray may rejig India's aluminium market mix
Adani Group is set to disrupt India's aluminium market with an $11.5 billion venture, challenging Hindalco and Vedanta. The project, slated to add nearly 50% to national output in five years, leverages Adani's low-cost energy advantage. This significant expansion aims to meet rising domestic demand, with a substantial portion of bauxite sourced from Odisha, creating over 53,000 jobs.
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economictimes.indiatimes.com
Adani, IHC plan to forge $11.5 billion aluminium unit
Adani Group and Abu Dhabi's International Holding Company are set to invest a massive $11.5 billion in a new Odisha aluminium plant. This ambitious project, aiming for over 2…
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thehindubusinessline.com
Adani Group, UAE's IHC plan $11.5 billion aluminium project in Odisha
Adani and UAE's IHC announce $11.5 billion aluminium project in Odisha, creating 53,500 jobs and boosting local production.
