Odisha Aluminium MoU Worth USD 11.5 Billion Signed
Why in the news
Odisha agreed a very large aluminium investment in July 2026. Two companies, Adani Enterprises and International Resources Holding, put their names to an MoU with the state government.
Key facts
- Investment size: USD 11.5 billion.
- Parties: Adani Enterprises, International Resources Holding and the Odisha Government.
- Type of agreement: a memorandum of understanding.
- Scope: a fully integrated chain of aluminium activities.
Project coverage
| Stage | Included |
|---|---|
| Mining | Yes |
| Refining | Yes |
| Smelting | Yes |
| Downstream manufacturing | Yes |
Significance
- Expected to become India’s largest foreign direct investment in the metallurgy sector.
- Places Odisha at the centre of an end-to-end aluminium value chain.
Exam angle
- Likely questions: state signing the MoU, the amount (USD 11.5 billion) and the two investing firms.
- Remember the label: largest FDI in metallurgy.