Rs 57,575 crore set to be invested in Odisha by Gautam Adani

(The Quiver): Adani Group is set to invest Rs 57,575 crore in Odisha after receiving approval from the high-level clearance authority, which is led by the Chief Minister of Odisha, Naveen Patnaik. A 4 MMTPA integrated alumina refinery and a 30 MMTPA iron ore plant are the two projects that the group will focus on.

These initiatives fit our vision of Atmanirbharta since the metals are essential commodities in which our country must be self reliant.

“The Honourable Chief Minister Mr. Naveen Patnaik’s has consistently supported us since Odisha is one of the most strategically important states in which we have continued to invest.” Chairman of Adani Group Gautam Adani said.

9,300 direct jobs would be created in Odisha as a result of our capital investment of Rs 57,575 crore, along with tens of thousands of indirect job prospects. he added.

An iron ore beneficiation facility that produces iron ore concentrate will be part of the 30 MMTPA iron ore (value addition) project.

The iron ore beneficiation facility would be situated near Deojhar, in the Keonjhar district in northern Odisha. In the roads between Deojhar and Dharma, slurry pipeline will run along with utility corridor.

Over half of the country’s bauxite and iron ore reserves are located in Odisha, and the Adani Group’s projects are in line with the state’s “Vision 2030″plan.