Adani Enterprises Limited (ADANIENT) — Announcement | 2 July 2026

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📢 Key Event
Adani Enterprises and IHC Group form 50:50 JV for $11.5B Odisha aluminium project

🔄 What Changed
New JV announced; ₹1.08 lakh crore investment; 53,500 jobs; Odisha's largest FDI

🔮 What's Next
Next phase includes land acquisition, statutory approvals, and infrastructure planning

💡 Investor Takeaway
This JV positions Adani as a leader in India's aluminium value chain with massive job creation and infrastructure growth potential.

Adani Enterprises announced a 50:50 joint venture with IHC Group's IRH to develop a $11.5 billion integrated aluminium project in Odisha, valued at approximately ₹1.08 lakh crore. The project, comprising a 4 MMTPA alumina refinery, 2 MMTPA smelter, and 1 MMTPA downstream park, will be built in two phases with ₹66,000 crore and ₹44,000 crore investments, creating 53,500 jobs and positioning Odisha as a global aluminium hub.

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About Adani Enterprises Limited (ADANIENT)

Metals & Mining · Metals & Minerals Trading · Listed on NSE

Market Cap: ₹3,50,878.2 Cr P/E: 34.6 ROE: 11.5% ROCE: 9.6%

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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