{"id":30007,"date":"2026-07-03T02:51:34","date_gmt":"2026-07-02T21:21:34","guid":{"rendered":"https:\/\/banitoday.com\/adani-ihc-join-hands-for-11-5-billion-aluminium-project\/"},"modified":"2026-07-03T02:51:34","modified_gmt":"2026-07-02T21:21:34","slug":"adani-ihc-join-hands-for-11-5-billion-aluminium-project","status":"publish","type":"post","link":"https:\/\/banitoday.com\/hi\/adani-ihc-join-hands-for-11-5-billion-aluminium-project\/","title":{"rendered":"Adani, IHC join hands for $11.5 billion aluminium project"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<div class=\"e9jwa\">\n<div class=\"vdo_embedd\">\n<div class=\"GfdvZ\">\n<section class=\"_bIDB  clearfix id-r-component leadmedia undefined undefined  E9tg9 \" style=\"top:0px\">\n<div class=\"_bIDB\" data-ua-type=\"1\" onclick=\"stpPgtnAndPrvntDefault(event)\">\n<div class=\"ypVvZ\">\n<div class=\"WGttI\"><img src=\"https:\/\/static.toiimg.com\/thumb\/msid-132147854,imgsize-721742,width-400,height-225,resizemode-4\/-.jpg\" alt=\"Adani, IHC join hands for $11.5 billion aluminium project\" decoding=\"async\" fetchpriority=\"high\"\/><\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div><\/div>\n<\/div>\n<p>MUMBAI: Abu Dhabi&#8217;s International Holding Company, which emerged as a key backer of the <a href=\"https:\/\/timesofindia.indiatimes.com\/topic\/adani-group\" styleobj=\"[object Object]\" class=\"\" commonstate=\"[object Object]\" frmappuse=\"1\">Adani Group<\/a> following the Hindenburg-induced market turmoil in 2023, is deepening its partnership with the conglomerate through an $11.5 billion integrated aluminium project in Odisha.<span class=\"id-r-component br\" data-pos=\"4\"\/>The partners have formed an equal joint venture to build a sprawling aluminium complex comprising a four-million-tonne alumina refinery, a two-million-tonne aluminium smelter, a one-million-tonne downstream aluminium facility and a 4,000-MW captive power plant, making it one of India&#8217;s largest aluminium hubs.<span class=\"id-r-component br\" data-pos=\"7\"\/>Adani Enterprises, an investor in the venture, also launched a $1 billion qualified institutional placement (QIP) on Thursday. <!-- -->The fundraising follows its $2.8 billion rights issue in Dec 2025, the company&#8217;s largest capital raise since the 2023 Hindenburg-triggered turmoil. The QIP was launched at an indicative price of Rs 2,883 per share, a 9.3% discount to Adani&#8217;s closing price of Rs 3,118 on the NSE on Thursday.<!-- --> The issue will result in an equity dilution of 2.6% on a post-issue basis.<span class=\"id-r-component br\" data-pos=\"13\"\/>The flagship Adani Group company has built large-scale businesses spanning ports, airports, energy and cement, and is now expanding into data centres, copper and petrochemicals. It already operates a $1.2 billion copper smelter in Gujarat, billed as the world&#8217;s largest single-location facility of its kind.<span class=\"id-r-component br\" data-pos=\"17\"\/>The IHC-Adani venture will compete with the aluminium businesses of Kumar Mangalam Birla-led Hindalco and Anil Agarwal&#8217;s Vedanta.<span class=\"id-r-component br\" data-pos=\"19\"\/>&#8220;We are building long-term platforms in industries that will define the future of the global economy,&#8221; IHC chief executive Syed Basar Shueb said while announcing the project. <!-- -->With a market capitalisation of $233 billion, IHC has a portfolio of more than 1,300 companies across technology, infrastructure, financial services and consumer sectors. The Abu Dhabi-based conglomerate already partners the Adani Group in energy, transmission and AI.<!-- --> Earlier this year, IHC and Adani Green Energy formed a joint venture to pursue renewable energy projects across India.<span class=\"id-r-component br\" data-pos=\"24\"\/>Mumbai: Abu Dhabi&#8217;s International Holding Company, which emerged as a key backer of the Adani Group following the Hindenburg-induced market turmoil in 2023, is deepening its partnership with the conglomerate through an $11.5 billion integrated aluminium project in Odisha.<span class=\"id-r-component br\" data-pos=\"27\"\/>The partners have formed an equal joint venture to build a sprawling aluminium complex comprising a four-million-tonne alumina refinery, a two-million-tonne aluminium smelter, a one-million-tonne downstream aluminium facility and a 4,000-MW captive power plant, making it one of India&#8217;s largest aluminium hubs.<span class=\"id-r-component br\" data-pos=\"29\"\/>Adani Enterprises, an investor in the venture, also launched a $1 billion qualified institutional placement (QIP) on Thursday. <!-- -->The fundraising follows its $2.8 billion rights issue in Dec 2025, the company&#8217;s largest capital raise since the 2023 Hindenburg-triggered turmoil. The QIP was launched at an indicative price of Rs 2,883 per share, a 9.3% discount to Adani&#8217;s closing price of Rs 3,118 on the NSE on Thursday.<!-- --> The issue will result in an equity dilution of 2.6% on a post-issue basis.<span class=\"id-r-component br\" data-pos=\"34\"\/>The flagship Adani Group company has built large-scale businesses spanning ports, airports, energy and cement, and is now expanding into data centres, copper and petrochemicals. <!-- -->It already operates a $1.2 billion copper smelter in Gujarat, billed as the world&#8217;s largest single-location facility of its kind.<span class=\"id-r-component br\" data-pos=\"38\"\/>The IHC-Adani venture will compete with the aluminium businesses of Kumar Mangalam Birla-led Hindalco and Anil Agarwal&#8217;s Vedanta.<span class=\"id-r-component br\" data-pos=\"40\"\/>&#8220;We are building long-term platforms in industries that will define the future of the global economy,&#8221; IHC chief executive Syed Basar Shueb said while announcing the project. With a market capitalisation of $233 billion, IHC has a portfolio of more than 1,300 companies across technology, infrastructure, financial services and consumer sectors. The Abu Dhabi-based conglomerate already partners the Adani Group in energy, transmission and AI.<!-- --> Earlier this year, IHC and Adani Green Energy formed a joint venture to pursue renewable energy projects across India.<span class=\"id-r-component br\" data-pos=\"43\"\/><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/timesofindia.indiatimes.com\/business\/india-business\/adani-ihc-join-hands-for-11-5-billion-aluminium-project\/articleshow\/132147849.cms\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MUMBAI: Abu Dhabi&#8217;s International Holding Company, which emerged as a key backer of the Adani Group following the Hindenburg-induced market turmoil in 2023, is deepening its partnership with the conglomerate through an $11.5 billion integrated aluminium project in Odisha.The partners have formed an equal joint venture to build a sprawling aluminium complex comprising a four-million-tonne [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":30008,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[299],"tags":[],"class_list":["post-30007","post","type-post","status-publish","format-standard","has-post-thumbnail","category-latest-news"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/posts\/30007","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/comments?post=30007"}],"version-history":[{"count":0,"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/posts\/30007\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/media\/30008"}],"wp:attachment":[{"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/media?parent=30007"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/categories?post=30007"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/tags?post=30007"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}