A greenfield aluminium project that is likely to come up in Odisha, thanks to Adani Enterprises and International Holding Company (IHC), is expected to generate over 50,000 jobs.

India’s Adani Enterprises and Abu Dhabi-listed IHC have signed a memorandum of understanding with the Odisha government to invest $11.5 billion in the proposed greenfield aluminium project, which will be the country’s largest direct foreign investments in the sector.

The complex to be set up in Bhubaneshwar will comprise an alumina refinery of 4 million tonnes per annum, an aluminium smelter of 2 million tonnes per annum and a downstream aluminium park of nearly 1 million tonnes per annum.

The greenfield aluminium project, which will be supported by a captive power capacity of 4,000 megawatts (MW) and a green energy component of 400 MW, is expected to generate 35,000 jobs during construction and 18,500 during operations. – editor@nrifocus.com