Corporate News     12-Aug-22
Adani Group to invest Rs 57,575 cr in Odisha
To set up 4MMTPA integrated alumina refinery and 30 MMTPA iron ore project
Adani Group will invest Rs 57,575 crore in the state of Odisha. The High-Level Clearance Authority (HLCA) of the Govt of Odisha, headed by Chief Minister Naveen Patnaik, approved the Adani Group's proposal to set up two projects – a 4 MMTPA Integrated Alumina Refinery and a 30 MMTPA Iron Ore (Value Addition) Project.

The 4 MMTPA Integrated Alumina Refinery, to be set up in the vicinity of potential bauxite reserves or operational mines, will produce Smelter Grade (Metallurgical Grade) Alumina, which will help India move towards import substitution. The 30 MMTPA Iron Ore (Value Addition) Project will comprise an iron ore beneficiation plant producing iron ore concentrate, a slurry pipeline for iron ore concentrate slurry and a dewatering/filtration & pellet plant to produce filter cake and pellet.

The iron ore beneficiation plant will be located in Deojhar, in northern Odisha's Keonjhar district, while the pellet plant is to be set up in Dhamra, in the adjoining Bhadrak district. The slurry pipeline will run along the utility corridor of the roads between Deojhar and Dhamra.

Previous News
  Adani Enterprises consolidated net profit rises 43.55% in the June 2023 quarter
 ( Results - Announcements 03-Aug-23   17:01 )
  Adani Enterprises Ltd up for third straight session
 ( Hot Pursuit - 14-May-24   13:05 )
  Adani Ent rises on incorporation of JV in Singapore
 ( Hot Pursuit - 11-Sep-23   10:04 )
  Nifty March futures trade at premium
 ( Market Commentary - Futures Market 24-Feb-23   16:13 )
  Adani Ent's subsidiary gets operational date from SECI for solar cell manufacturing
 ( Hot Pursuit - 18-Aug-23   09:20 )
  Adani Tradecom acquires balance 49% stake in Adani Green Technology
 ( Corporate News - 19-Mar-24   15:43 )
  Adani Ent Q2 PAT slides 50% YoY to Rs 228 cr
 ( Hot Pursuit - 02-Nov-23   15:37 )
  Adani Enterprises, Adani Transmission to raise upto Rs 21,000 cr via QIP
 ( Hot Pursuit - 15-May-23   10:08 )
  Adani Enterprises Ltd leads gainers in 'A' group
 ( Hot Pursuit - 07-Feb-23   12:00 )
  Nifty November futures trade at premium
 ( Market Commentary - Futures Market 04-Nov-22   16:38 )
  Board of Adani Enterprises approves raising Rs 16,600 cr via equity issuance
 ( Corporate News - 28-May-24   11:55 )
Other Stories
  Tridhya Tech to convene board meeting
  03-Jul-24   20:06
  Sonu Infratech schedules EGM
  03-Jul-24   19:59
  Sakuma Exports to convene AGM
  03-Jul-24   19:59
  Time Technoplast repays commercial paper
  03-Jul-24   18:31
  Board of Aditya Vision approves stock split and listing of share on NSE
  03-Jul-24   18:24
  Pricol director resigns
  03-Jul-24   18:21
  Board of VMS Industries recommends first interim dividend
  03-Jul-24   17:49
  Lakshmi Machine Works to declare Quarterly Result
  03-Jul-24   17:44
  Modison to convene AGM
  03-Jul-24   17:43
  Sybly Industries to discuss results
  03-Jul-24   17:43
Back Top