Adani Group To Invest Over Rs 57,000 Crore In This State

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BusinessMarket NewsAdani Group To Invest Over Rs 57,000 Crore In This State
Adani Group To Invest Over Rs 57,000 Crore In This State
Odisha holds over half of India's bauxite and iron ore reserves.
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Market News Asian News International
Updated : August 13, 2022 8:25 am IST
Adani Group to invest Rs 57,575 cr in Odisha for two projects

New Delhi : Chief Minister Naveen Patnaik-headed authority has approved the Adani Group's proposal to set up the projects - a 4 million tonne per annum capacity integrated alumina refinery and a 30 million tonne iron ore (value addition) project, it said in a statement on Friday.
Odisha holds over half of India's bauxite and iron ore reserves.

The alumina refinery, to be set up in the vicinity of potential bauxite reserves or operational mines, will produce smelter grade alumina, which will help India move towards import substitution.