BUSINESSJul 2 · 15:30 UTCDAWN[email protected] (AFPReuters)

Indian, UAE groups ink pact for $11.5bn aluminium project in Odisha

India’s Adani Group and UAE’s International Holding Company (IHC) have signed a $11.5 billion aluminum project in Odisha, forming a 50/50 joint venture to create a refinery, smelter, and power plant. The project aims to generate 53,500 jobs and boost India’s aluminum production to meet domestic demand.

Nexus surfaces and summarizes. The full story lives at the source.

Mentioned

Adani GrouporganizationInternational Holding CompanyorganizationOdishaplaceUAEplaceIndiaplaceAluminumtopicjob creationtopicForeign Direct Investmenttopic

Spot something wrong with this article?Report a problem →

Forward this

Related Signal

Adjacent reporting

BUSINESSJul 2 · 12:07 UTC
UAE's IHC and Adani ink $11.5B aluminum deal
BUSINESSJul 2 · 05:53 UTC
Adani, IHC Sign MOU for An $11.5 Billion India Aluminum Project
BUSINESSJul 2 · 08:01 UTC
Adani Enterprises, UAE’s IHC to invest ₹1.08 lakh crore in Odisha aluminium project
BUSINESSJun 2 · 13:15 UTC
Bahrain presses ahead with plan to buy French aluminum smelter
BUSINESSApr 10 · 20:54 UTC
Top Gulf Aluminum Maker Declares Force Majeure on Some Contracts
TECHNOLOGYJun 17 · 10:51 UTC
Hyderabad’s Dhruva Space, Finland’s ICEYE ink pact to collaborate on various fronts