According to morningstar.com (2026-08-01 06:40), Indian conglomerates Adani Enterprises and IHC Group have announced plans to invest a combined $11.5 billion into an aluminum project in the state of Odisha, which is rich in minerals. The greenfield project will be funded by these two companies, with no additional details provided about the specific terms or timeline for the investment. [1] [2]
Adani and IHC to Invest $11.5 Billion in Aluminum Project in India
Indian conglomerates Adani Enterprises and IHC Group have agreed to invest a total of $11.5 billion in an aluminum project located in the mineral-rich state of Odisha, eastern India.
Story stats
Single source
- Left (1)
- Right (1)
Sources agree
- IHC Group and Adani Enterprises are investing in an aluminum project in India
Sources differ
- No mention of which state the project will be located in