IHC and Adani Group sign agreement to invest Rs 2.1 trilion in Odisha
UAE-based investment holding company International Holding Company (IHC) has signed an initial agreement with multinational business firm Adani Group to invest 2.1 trillion to develop 14 projects in the state of Odisha.
According to the firm, the project portfolio includes metal downstream industries, slurry pipelines, critical minerals and rare earths, chemicals and petrochemical derivatives, renewable energy equipment, health care, industrial and sports infrastructure, tourism, and skills development.
IHC Group, through 2PointZero, and Adani Enterprises Limited (AEL) signed an initial pact with the Indian state of Odisha for an integrated greenfield aluminium project to be developed in two phases, with an investment of USD 11.5 million.
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