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Adani plans to invest Rs 57,575 Cr in alumina mill in Odisha

alumina mill in Odisha

Adani to invest in alumina mill in Odisha

Alumina mill in Odisha – The conglomerate led by the wealthiest Indian, Gautam Adani, would invest Rs 57,575 crore in the construction of an alumina refinery in Odisha. The group said in a news release that it would build an iron ore project and a 4-million-tonne-per-year alumina refinery next to bauxite mines. According to the statement, “the Adani Group’s proposal to establish two projects—a 4 million tonnes per annum integrated alumina refinery and a 30 million tonnes iron ore (value addition) project” was approved by the High-Level Clearance Authority (HLCA) of the Odisha government, which is led by chief minister Naveen Patnaik. 
The Adani group, which began as a commodities trader in the late 1980s, has since expanded into ports, airports, power, renewable energy, gas distribution, data centres, and most recently, the cement industry. According to Gautam Adani, Chairman of the Adani Group, “Odisha is one of our most strategic states in which we have continued to invest and we are always appreciative of the assistance we have received from chief minister Naveen Patnaik.” The nation must be self-sufficient in metals, he claimed, and these initiatives are in line with Atmanirbharta’s vision.

Alumina mill in Odisha

Being a power-intensive industry, it is also a fantastic neighbour to the renewable energy that we can produce and helps to make the greenest alumina available, he added. “Our capital investment of Rs 57,575 crore will open up tens of thousands of indirect employment prospects in Odisha, creating 9,300 direct jobs.” The alumina refinery, which will be built close to active mines or potential bauxite sources, will create smelter grade (metallurgical grade) alumina. 
An iron ore beneficiation plant that creates iron ore concentrate, a slurry pipeline for iron ore concentrate slurry, and a dewatering/filtration & pellet plant that creates filter cake and pellets are all parts of the iron ore project. The pellet facility would be built in Dhamra, in the neighbouring Bhadrak district, while the iron ore beneficiation plant will be situated in Deojhar, in northern Odisha’s Keonjhar district. Between Deojhar and Dhamra, the slurry pipeline will follow the utility corridor of the highways. Over half of India’s bauxite and iron ore reserves are located in Odisha, which has long been regarded as the country’s mining powerhouse. 
The statement said, “The Adani Group’s projects are intended to boost the development and general socioeconomic condition of the state and are linked with the government of Odisha’s Vision 2030: Development of Downstream Units in the Metal Sector.