Gautam Adani-led Adani Group will invest ₹57,575 crore to set up an alumina refinery and an iron ore project in mineral-rich Odisha. A high-level clearance authority of the Odisha government, headed by chief minister Naveen Patnaik, has approved the group’s proposal to set up two projects – a 4 MMTPA integrated alumina refinery and a 30 MMTPA iron ore project. The company says these projects will generate 9,300 direct jobs and open up tens of thousands of indirect employment opportunities in Odisha.
As per Adani group chairman Gautam Adani, Odisha is one of the most strategic states for the diversified company. “Metals are critical commodities in which our nation must be self-reliant, and these projects are aligned with our vision of Atmanirbharta. In addition, being a power-intensive business, it is a great adjacency to the renewable energy that we are able to generate and help to produce the greenest alumina anywhere.”
The 4 MMTPA integrated alumina refinery will be set up in the vicinity of potential bauxite reserves or operational mines. It will produce smelter grade (metallurgical grade) alumina.
The 30 MMTPA iron ore (value addition) project will comprise an iron ore beneficiation plant producing iron ore concentrate, a slurry pipeline for iron ore concentrate slurry and dewatering or filtration and a pellet plant to produce filter cake and pellet.