Odisha signs major MoU for India’s largest FDI in mining and metallurgy through the Odisha Aluminium Project.

Odisha Aluminium Project marks a defining milestone in the state’s industrial journey. Officials signed an MoU between IPICOL and International Holding Company (IHC), Abu Dhabi, for a proposed mega integrated aluminium value chain project in Odisha.The Odisha Aluminium Project will be developed through a joint venture between Adani Enterprises Limited and International Resources Holding (IRH), an IHC Group company. The proposed investment stands at approximately USD 11.5 billion, which equals ₹1.10 lakh crore. This partnership is set to become India’s largest FDI in the mining and metallurgy sector.

The project aims to position Odisha as a key player in the global aluminium supply chain. It is expected to create over 53,500 employment opportunities. The initiative supports the state’s goal of moving from a resource-rich economy to a globally competitive value-added manufacturing hub.Odisha Aluminium Project details include focus on green metals, sustainable industrialisation, and technological advancement. The development will also generate large-scale employment for the state’s youth. This investment highlights growing confidence of global investors in Odisha.

In his statement, the Chief Minister said, “I was pleased to join the MoU signing ceremony between IPICOL and International Holding Company (IHC), Abu Dhabi, for a proposed mega integrated aluminium value chain project in Odisha.”He added that the landmark investment reflects strong investor confidence and reinforces the vision of transforming Odisha into an industrially advanced state. The project aligns with the leadership of Prime Minister Shri Narendra Modi and the Purvodaya vision. It supports goals for a prosperous, modern, inclusive, and industrially advanced Samruddha Odisha, moving towards Viksit Odisha 2036 and Viksit Bharat 2047.

The Odisha Aluminium Project is expected to accelerate the state’s emergence as one of India’s leading industrial destinations. Local communities and youth can look forward to new job opportunities in the coming years. Industries related to mining, metallurgy, and manufacturing may see positive effects from the large-scale investment.

Authorities will proceed with next steps for project implementation following the MoU. The joint venture partners plan to build an integrated value chain that adds significant value within the state. This development comes as part of broader efforts to attract high-quality investments to Odisha.The Odisha Aluminium Project brings together strong global and Indian partners. It combines international expertise with local resources to create long-term industrial growth. People in Odisha can expect more industrial activity and economic opportunities as the project moves forward.