Adani Takes 50% Stake in Abu Dhabi's Monvarex Aluminium for $25,000 to Expand Indian Operations

Published: Sep 28, 2026 17:20 (GMT+8)

Save

[SMM Aluminum Express News] Adani Enterprises has taken a 50% stake in Abu Dhabi-based Monvarex Aluminium Holding RSC Ltd. through its wholly owned subsidiary Adani Global Limited, strengthening the group’s vehicle for developing alumina, aluminum smelting and coal-to-gas businesses in India. The transaction was completed for just US$25,000, reflecting that Monvarex Aluminium Holding is a newly established entity with US$50,000 paid-up capital and no commercial operations or turnover yet. The acquisition was disclosed on September 26, 2026. The filing explicitly states that the purpose of the acquisition is to undertake “manufacturing/extracting alumina/aluminum smelter and Coal-to-Gas business in India.” Monvarex Aluminium Holding was incorporated in Abu Dhabi on May 15, 2025 and is registered with the Abu Dhabi Global Market. No regulatory approval was required for the stake acquisition, and the transaction has already been completed.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

1 min ago

SMM Alumina Index Declines Slightly Across Major Chinese Regions on September 28

On September 28, the SMM alumina index stood at 2,671.35 yuan/tonne, down 0.24 yuan/tonne from the previous trading day. The SMM Shandong alumina index stood at 2,673.53 yuan/tonne, down 0.14 yuan/tonne from the previous trading day; the SMM Henan alumina index stood at 2,692.45 yuan/tonne, down 0.44 yuan/tonne from the previous trading day; the SMM Shanxi alumina index stood at 2,694.06 yuan/tonne, down 0.24 yuan/tonne from the previous trading day; the SMM Guizhou alumina index stood at 2,702.69 yuan/tonne, down 0.51 yuan/tonne from the previous trading day; and the SMM Guangxi alumina index stood at 2,584.02 yuan/tonne, down 0.40 yuan/tonne from the previous trading day.

1 min ago

17 mins ago

Vedanta Seeks Odisha's Approval for $11B Aluminum Investment, Aiming to Create 200,000 Jobs

[SMM Aluminum Express News] Vedanta has asked the Odisha government to accelerate approvals and implementation for an additional ₹1 lakh crore, around US$11 billion, aluminum investment programme in the state. Vedanta Chairman Anil Agarwal met Odisha Chief Minister Mohan Charan Majhi in Bhubaneswar on September 26, with discussions covering a proposed 6 million t/y alumina refinery in Rayagada and 3 million t/y aluminum smelter in Dhenkanal. The Odisha government said the projects could generate more than 200,000 direct and indirect jobs

17 mins ago

35 mins ago

[SMM Announcement] Chinese Market Metal Prices and News Updates Suspended during National Day Holiday (Oct 1-7)

35 mins ago