Adani Group will invest Rs 57,575 crore in two projects in Odisha.
A Chief Minister Naveen Patnaik-headed authority has approved the Adani Group’s proposal to set up the projects – a 4 million tonne per annum capacity integrated alumina refinery and a 30 million tonne iron ore (value addition) project, it said in a statement on Friday.
Odisha holds over half of India’s bauxite and iron ore reserves.
The alumina refinery, to be set up in the vicinity of potential bauxite reserves or operational mines, will produce smelter grade alumina, which will help India move towards import substitution.
The iron ore beneficiation plant will be located in Deojhar in Keonjhar district, while the pellet plant is to be set up in Dhamra, in the adjoining Bhadrak district. The slurry pipeline will run along g the utility corridor of the roads between Deojhar and Dhamra, the statement said.