CM of Odisha, Naveen Patnaik 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 project, mentioned in a statement on
According to the statement, the iron ore plant will be built in Deojhar, Keonjhar district and the pellet plant is to be set up in Dhamra, Bhadrak district. The slurry pipeline will run along the utility corridor of the roads between Deojhar and Dhamra.
Gautam Adani, Chairman, Adani Group said, “Odisha is one of our most strategic states in which we have continued to invest and we are always appreciative of the support we have received from the Hon’ble Chief Minister Mr Naveen Patnaik. Metals are critical commodities in which our nation must be self-reliant, and these projects are aligned with our vision of Atmanirbharta. In addition, being a power intensive business, it is a great adjacency to the renewable energy that we are able to generate and help to produce the greenest alumina anywhere.”
The group’s flagship company Adani Enterprises reported its consolidated revenue up by 223 per cent yearly to Rs 41,066 crore for the quarter ended June 30, 2022. The company’s attributable profit after tax (PAT) increased by 73 per cent to Rs 469 crore in the first quarter of the current financial year.