INTERNATIONAL HOLDING CO ADX:IHC:
ADANI ENTERPRISES AND IHC GROUP COMPANY IRH TO FORM A 50:50 JOINT VENTURE FOR USD 11.5 BILLION ALUMINIUM PROJECT
JOINT VENTURE TO DEVELOP GREENFIELD ALUMINIUM PROJECT IN ODISHA
PROJECT COMPRISES A 4 MILLION MMTPA ALUMINA REFINERY, 2 MMTPA ALUMINIUM SMELTER AND 1 MMTPA DOWNSTREAM MANUFACTURING PARK
GREENFIELD PROJECT WILL BE DEVELOPED IN TWO PHASES
INVESTMENT IS EXPECTED TO CREATE 53,500 JOBS
ON SIGNING OF MOU, JV PARTNERS, AEL AND IRH, TOGETHER WITH GOVERNMENT OF ODISHA, WILL ADVANCE NEXT PHASE OF PROJECT