Adani to invest $7.2 billion in alumina refinery and iron ore projects in India

Seetao 2022-08-15 15:55
  • When completed, the project will accelerate industrial development in India
  • India is developing slowly in the field of heavy industry, and its large-scale infrastructure projects need the support of India's heavy industry
Read this article
5 Minutes

Adani Group announced a US$7.2 billion investment in an alumina refinery and iron ore project in the Indian state of Odisha. The integrated alumina refinery is planned to have a capacity of 4 million tonnes per annum, while the iron ore project has a capacity of 30mmtpa.

Adani Group will build alumina refineries near potential bauxite reserves or operating mines. The Indian conglomerate said the refinery is expected to produce smelter-grade alumina.

The iron ore project will consist of an iron ore processing plant. It will produce iron ore concentrates, dewatering/filtration and pelletizing plants to produce filter cakes and pellets, and slurry pipelines for iron ore concentrate slurries. Adani Group plans to build an iron ore processing plant at Deojhar in the Keonjhar district of northern Odisha. The pellet plant will be constructed at Dhamra in the adjoining Bhadrak district, while the mud pipeline is planned to be laid along the road utility corridor between Deojhar and Dhamra. Proposals for both projects have been approved by the Odisha Government's Senior Approval Bureau headed by Chief Minister Naveen Patnaik.

The projects are said to be in line with the Odisha government's Vision 2030: to develop downstream installations in the metals industry. Gautam Adani, chairman of Adani Group, said they are expected to create 9,300 direct local jobs and open up opportunities for tens of thousands of indirect jobs.

Adani said Odisha is one of the most strategic states in which we continue to invest and we always thank the Honourable Chief Minister Mr Naveen Patnaik for his support. Keywords: engineering news, overseas news

Metals are a key commodity our nation must be self-reliant and these projects are in line with our vision for Atmanirbharta. Plus, as a power-intensive business, it's very close to renewable energy that we can produce and help produce the greenest alumina anywhere.Editor/XingWentao