Bhubaneswar: In one of the biggest industrial investment announcements in the state’s history, the Odisha government on Thursday signed a Memorandum of Understanding (MoU) worth ₹1.01 lakh crore with the Adani Group to establish an integrated aluminium value chain in the state. The mega project is expected to generate around 53,500 employment opportunities during its construction and operational phases while strengthening Odisha’s position as a major manufacturing hub.
The agreement was signed at Lok Seva Bhavan in the presence of Chief Minister Mohan Charan Majhi, senior government officials, and representatives of the Adani Group.
One of India’s Largest Aluminium Investments
The proposed project is among the largest investments in India’s aluminium sector and aims to create a fully integrated aluminium ecosystem—from refining raw materials to producing value-added aluminium products.
According to the company, the project will involve an estimated investment of USD 11.5 billion, equivalent to nearly ₹1.08 lakh crore, making it one of the world’s most significant investments in the aluminium industry.
Speaking at the signing ceremony, Karan Adani, Managing Director of Adani Ports & Special Economic Zone Ltd (APSEZ), said the project reflects the company’s long-term commitment to industrial development in Odisha.
“This project represents ambition on a truly global scale. It brings together the complete aluminium value chain into one integrated ecosystem,” he said.
Comprehensive Aluminium Value Chain
The integrated project will include multiple large-scale industrial facilities designed to support every stage of aluminium production.
The proposed infrastructure includes:
- An alumina refinery with a capacity of nearly 4 million tonnes per annum (MTPA).
- An aluminium smelter capable of producing nearly 2 million tonnes per annum.
- A downstream aluminium park with a production capacity of around 1 million tonnes per annum.
- A 4,000 MW captive power plant to ensure uninterrupted energy supply.
- A 400 MW green energy component to support cleaner and more sustainable industrial operations.
The integrated approach is expected to improve efficiency, reduce logistics costs, and promote downstream manufacturing within Odisha.
Over 53,000 Employment Opportunities
The project is expected to create substantial employment opportunities across different phases of development.
According to Karan Adani, around 35,000 jobs will be generated during the construction phase, while the operational phase is expected to provide employment to nearly 18,500 people, taking the total employment potential to approximately 53,500.
Apart from direct jobs, the project is also expected to create significant indirect employment through ancillary industries, logistics, transportation, and service sectors.
Leveraging Odisha’s Mineral Wealth
The proposed aluminium ecosystem will utilize Odisha’s vast natural resources, particularly its abundant reserves of bauxite, coal, iron ore, and other key minerals.
Highlighting the state’s strategic importance, Karan Adani noted that Odisha possesses more than 50 per cent of India’s bauxite reserves, along with substantial deposits of iron ore, coal, chromite, manganese, limestone, and dolomite, making it one of the country’s most resource-rich industrial destinations.
He said the availability of these resources, combined with strong policy support from the state government, provides an ideal foundation for large-scale manufacturing investments.
Boost to Odisha’s Industrial Growth
The project aligns with the Odisha government’s vision of transforming the state from a supplier of raw materials into a hub for value-added manufacturing.
Karan Adani said the initiative would contribute to the national goal of ‘Viksit Bharat 2047’ while supporting Odisha’s aspiration of becoming a prosperous industrial state by 2036.
He also credited the leadership of Chief Minister Mohan Charan Majhi for creating an investor-friendly environment that has encouraged large-scale industrial investments.
The signing of the MoU marks another significant milestone in Odisha’s industrial development journey and is expected to boost investment, infrastructure development, manufacturing capacity, and employment across the state in the coming years.
