Odisha Transfers 7,000+ Acres for $11.5B Adani-IRH Aluminum Project, Creating 53,500 Jobs

Published: Sep 14, 2026 14:15

Save

[SMM Aluminum Express News] Odisha has handed over land documents covering more than 7,000 acres for Adani Enterprises and International Resources Holding’s proposed US$11.5 billion integrated aluminum project, just 67 days after the MoU was signed on July 2. Around 4,000 acres in Sundargarh and 3,000 acres in Rayagada were handed over, marking a significant step from investment commitment toward project implementation. The 50:50 Adani-IRH joint venture plans a 4 million t/y alumina refinery in Rayagada and a 2 million t/y primary aluminum smelter in Sundargarh, alongside a 1 million t/y downstream manufacturing park and 4,000 MW captive power plant, including 400 MW of green power capacity. The project will be developed in two phases, with investment of around ₹66,000 crore in Phase I and ₹44,000 crore in Phase II, and is expected to create around 53,500 jobs.

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

11 mins ago

ADC12 Prices Edge Lower, Market Awaits September Demand Pickup Amid Sideways Movement

[SMM Aluminum Alloy Daily Review] ADC12 market prices were mainly slightly lowered today, but the overall decline was relatively limited, reflecting that enterprises still hold certain support expectations on the cost side and are reluctant to make significant price concessions. On the demand side, downstream procurement overall maintained a just-in-time pace. Although some purchasing demand was released after prices pulled back, a clear restocking trend on dips has yet to form, and demand improvement in the traditional peak season remains relatively limited. Overall, ADC12 prices are expected to continue moving sideways in the short term, with focus on changes in raw material prices and whether September peak season demand can be further released.

11 mins ago

4 hours ago

China's Secondary Aluminum Ingot Inventory Dips 20 mt WoW in Major Consumption Areas

[SMM Aluminum Flash] China's secondary aluminum ingot daily inventory in three major consumption areas stood at 13,153 mt today, down 20 mt WoW.

4 hours ago

5 hours ago

Macro rate hike expectations pressure aluminum prices, while China's continued destocking underpins the market [SMM Aluminum Morning Meeting Summary]

[Macro rate hike expectations pressure aluminum prices, while China's continued destocking underpins the market] Overall, aluminum prices are expected to continue to consolidate at highs in the short term.

5 hours ago