Adani Group mulls Rs57,575 crore investment for Alumina and Iron Ore Projects in Odisha

12 Aug 2022 , 11:33 AM

The Adani Group, India’s fastest-growing diversified portfolio of infrastructure, energy, and utility businesses, will invest Rs57,575 crore in Odisha.

The Odisha government’s High-Level Clearance Authority (HLCA), led by Chief Minister Naveen Patnaik, approved the Adani Group’s proposal to build two projects: a 4 MMTPA Integrated Alumina Refinery and a 30 MMTPA Iron Ore (Value Addition) Project.

“Odisha is one of the nation’s most proactive states, and we are thankful for the assistance we have received from the Hon’ble Chief Minister, Naveen Patnaik,” said Gautam Adani, Chairman of the Adani Group.

The 4 MMTPA Integrated Alumina Refinery, which will be built near potential bauxite reserves or operational mines, will produce Smelter Grade (Metallurgical Grade) Alumina, assisting India in moving toward import substitution.

The 30 MMTPA Iron Ore (Value Addition) Project will include an iron ore beneficiation plant that will produce iron ore concentrate, a slurry pipeline that will transport iron ore concentrate slurry, and a dewatering/filtration & pellet plant that will produce filter cake and pellet.

The iron ore beneficiation plant will be established in Deojhar, in the Keonjhar district of Northern Odisha. The pellet plant, on the other hand, will be built in Dhamra, in the adjacent Bhadrak district. The slurry pipeline will run between Deojhar and Dhamra along the road’s utility corridor.

The Adani Group’s projects, which are in line with the Odisha government’s Vision 2030 namely, ‘Development of Downstream Units in the Metal Sector’, are expected to boost the state’s development and overall socioeconomic status.