Branch2 Intelligence
Adani, IHC plan to forge $11.5 billion aluminium unit
Key takeaway
Adani Group and Abu Dhabi's IHC plan a ₹96,000 crore aluminium plant in Odisha with 2M+ tonnes capacity, boosting India's output by ~50%.
- Step 11st-order: Adani-IHC announce ₹96,000 crore aluminium plant in Odisha with 2M+ tonnes capacity.
- Step 22nd-order: Domestic aluminium supply increases ~50%, putting downward pressure on LME-linked Indian aluminium prices.
- Step 33rd-order: Downstream SMEs (extrusion, casting, auto components) benefit from lower input costs, improving their margins.
Source: Economic Times (Markets)
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