en.Wedoany.com Reported - On July 2, 2026, India's Adani Group and Abu Dhabi's International Holding Company (IHC) jointly announced that they will invest a combined $11.5 billion to establish a large-scale aluminum smelting production base in Odisha, India. This project is one of the largest single-investment new capacity projects in the global aluminum industry in recent years.
The Adani Group is a leading industrial conglomerate in India, with operations spanning ports, energy, metals and minerals, and other industrial sectors. It has previously deployed alumina supporting capacity in India, providing the foundational conditions for upstream and downstream synergy in the aluminum industry chain. Abu Dhabi's International Holding Company (IHC) is one of the UAE's core sovereign investment platforms, with a long-term focus on global industrial real asset investments and multiple mature investment projects in the energy and basic materials sectors. The two parties are advancing the project through a joint investment model, having completed preliminary site selection and basic compliance approval processes.
The new aluminum plant is planned to include a complete electrolytic aluminum production line, along with supporting self-owned energy supply facilities. Upon completion, it will become one of India's largest single aluminum smelting bases, directly meeting the aluminum demand from downstream industries such as automotive, construction, and power equipment in India. Odisha is a resource-rich region in India, with abundant bauxite reserves and supporting logistics channels. Several metal smelting industrial projects have already been established there, providing a mature industrial support foundation.
According to publicly available basic materials industry data from the Indian Industry Association, the project will directly increase India's domestic primary aluminum self-sufficiency rate and reduce the local market's dependence on imported aluminum. Infrastructure preparation work for the project will officially begin in the third quarter of 2026, with an overall construction timeline of six years, gradually releasing capacity in phases. The two parties have already formed a joint project management team to advance subsequent implementation matters.
