Adani, IHC unveil Odisha aluminium project with 4-5yr timeline, 53,500 jobs

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The memorandum of understanding (MoU) between India’s Adani Enterprises Limited (AEL) and the United Arab Emirates-based Abu International Resources Holding (IRH), through 2PointZero, to establish the USD 11.5 billion aluminium complex in Odisha has received a tentative project timeline of approximately 4-5 years.

The project has been broken down into phases, viz., Phase 1 and Phase 2. The first would involve an investment worth INR 660 billion (USD 6.9 billion), and the latter, INR 440 billion (USD 4.6 billion).

The planned integrated complex will consist of a 4 MTPA of alumina refining capacity, 2 MTPA of primary aluminium production, and 1 MTPA of downstream aluminium manufacturing capacity, making it Odisha's largest aluminium project.

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Speaking at the MoU ceremony, Karan Adani, Managing Director, Adani Ports and Special Economic Zone, noted, “We expect all the approvals to be in place in the next 12-18 months,” followed by a timeframe of “between three and three and a half years to get Phase 1 running.”

He added, “Roughly, the entire project will take four to five years to be commissioned.”

Moreover, the project is expected to generate a large number of employment opportunities. The construction period would create about 35,000 jobs, and post-commissioning, another 18,500 jobs for the operations of mining, alumina refining, aluminium production and downstream manufacturing.

Apart from this total of 53,500 jobs, indirect employment opportunities across logistics, engineering, maintenance and ancillary industries are likely to emerge in the course of time.  

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The project has been welcomed by the Odisha administration. Hon'ble Chief Minister Shri Mohan Charan Majhi, who was present on the occasion, stated, “This investment will enable Odisha to develop the complete aluminium value chain, from mining and refining to smelting and downstream manufacturing, creating greater value within the state.”

He further mentioned that the project takes the state a step closer to the state’s goals of achieving Samruddha Odisha 2036, upholding the objectives of Viksit Bharat 2047.

Hon'ble Industries Minister Shri Sampad Chandra Swain remarked, “This investment reflects growing confidence in Odisha's industrial ecosystem.”

Voicing his support for the initiative, he continued, “The Government will work with all stakeholders to provide timely approvals and facilitate the project's implementation.”

The group is collaborating with the Odisha Mining Corporation (OMC), having signed long-term agreements for procuring raw materials required for the project.  

Reflecting on the shared aims of the two companies, Syed Basar Shueb, CEO of IHC, said, “This partnership with Adani Enterprises reflects that strategy and our shared ambition to develop a world-class integrated aluminium project that creates lasting economic value.”

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