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    Brief: IHC Unit, Adani Enterprises To Form Joint Venture For $11.5 Bln Aluminium Project

    Picture of Adani Enterprises logoAdani Enterprises
    02/07/2026 15:44
    BRIEF-IHC Unit, Adani Enterprises To Form Joint Venture For $11.5 Bln Aluminium Project
    July 2 (Reuters) - INTERNATIONAL HOLDING COIHC.AD:
    • ADANI ENTERPRISES AND IHC GROUP COMPANY IRH TO FORM A 50:50 JOINT VENTURE FOR USD 11.5 BILLION ALUMINIUM PROJECT
    • JOINT VENTURE TO DEVELOP GREENFIELD ALUMINIUM PROJECT IN ODISHA
    • PROJECT COMPRISES A 4 MILLION MMTPA ALUMINA REFINERY, 2 MMTPA ALUMINIUM SMELTER AND 1 MMTPA DOWNSTREAM MANUFACTURING PARK
    • GREENFIELD PROJECT WILL BE DEVELOPED IN TWO PHASES
    • INVESTMENT IS EXPECTED TO CREATE 53,500 JOBS
    • ON SIGNING OF MOU, JV PARTNERS, AEL AND IRH, TOGETHER WITH GOVERNMENT OF ODISHA, WILL ADVANCE NEXT PHASE OF PROJECT
    Source text: ID:nADX9wQcZ7
    Further company coverage: ADEL.NS

     ((Reuters.Briefs@thomsonreuters.com;))

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