Adani Group proposes Rs 1.08 lakh crore aluminium project in Odisha, to create over 53,000 jobs: Karan Adani
Bhubaneswar, July 2
Adani Group on Thursday announced a proposed investment of USD 11.5 billion in Odisha to develop an integrated aluminium manufacturing ecosystem, a project expected to generate more than 53,000 jobs during its construction and operational phases.
Speaking at the Memorandum of Understanding (MoU) signing ceremony in Bhubaneswar, Adani Enterprises Managing Director Karan Adani said the proposed project would be among the world's largest investments in the aluminium sector and would significantly boost Odisha's industrial development.
"With a proposed investment of USD 11.5 billion, translating to nearly Rs 1.08 lakh crore, this is among the most significant aluminium ecosystem investments anywhere in the world. But its true significance lies not only in the size of the investment. It lies in the depth of its impact," Karan Adani said.
According to him, the project will integrate the entire aluminium value chain and include an alumina refinery with a capacity of nearly 4 million tonnes per annum, an aluminium smelter of around 2 million tonnes per annum, and a downstream aluminium park of about 1 million tonnes per annum. The project will also be backed by a captive power plant of around 4,000 MW along with a 400 MW green energy component.
Highlighting the employment potential of the project, Karan Adani said it would create substantial direct and indirect livelihood opportunities across the state.
"During construction, this project will generate nearly 35,000 jobs. During operations, it will support around 18,500 jobs. Behind every one of these numbers is a family, a dream, a young person acquiring a skill, a small business receiving an order, a local entrepreneur finding a market, and a community seeing new opportunities," he said.
Describing the investment as a milestone in Odisha's industrial journey, Karan Adani said the state is rapidly transforming from a supplier of raw materials into a value-added manufacturing hub, aided by strong policy support and proactive governance.
He said the project aligns with India's vision of becoming a developed nation by 2047 while contributing to Odisha's aspiration of becoming a prosperous state by 2036 through value-added manufacturing and employment generation.
Reiterating the Adani Group's long-term commitment to the state, Karan Adani said Odisha occupies a strategic position in the group's growth plans.
"To the people of Odisha, I want to say this: this project belongs to you. It is meant to create opportunities for your children, strengthen your local economy, support your entrepreneurs, and take Odisha to the world," he said.
Karan Adani also thanked the Odisha government for its vision of building a globally competitive industrial ecosystem and welcomed the participation of IHC Abu Dhabi and other partners in the proposed project.
— ANI
Reader Comments
53,000 jobs is great news for our youth! 🎉 But why does it always have to be in Odisha? We need similar investments across all states, especially in the Northeast. Hope the local communities benefit directly, not just contract workers from outside.
Good for the economy. But I live near a similar project in another state. The pollution from alumina refineries is real. Our water sources got contaminated. The Adani Group must be held accountable for environmental compliance. Jobs are important, but so is clean air and water.
Great move by Karan Adani! 🇮🇳 Finally we're moving beyond just exporting raw materials. Value-added manufacturing is the way forward. This will put Odisha on the global aluminium map. I hope the 35,000 construction jobs go to local Odia workers.
I'm cautiously optimistic. The Adani Group has a mixed track record with rehabilitation and local community engagement. 53,000 jobs is impressive on paper, but will they provide proper housing, schools, and hospitals for the workers? The devil is in the implementation details.
1.08 lakh crore! That's more than the GDP of some small countries. If even half of this comes through, it will transform Odisha's economy. But I've seen too many MoUs signed and forgotten. Let's see the actual ground work before celebrating. Actions speak louder than press releases.
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