IHC Unit, Adani Enterprises To Form Joint Venture For $11.5 Bln Aluminium Project

About this update from International Holding Company Pjsc

INTERNATIONAL HOLDING CO ADX:IHC:ADANI ENTERPRISES AND IHC GROUP COMPANY IRH TO FORM A 50:50 JOINT VENTURE FOR USD 11.5 BILLION ALUMINIUM PROJECTJOINT VENTURE TO DEVELOP GREENFIELD ALUMINIUM PROJECT IN ODISHAPROJECT COMPRISES A 4 MILLION MMTPA ALUMINA REFINERY, 2 MMTPA ALUMINIUM SMELTER AND 1 MMTPA DOWNSTREAM MANUFACTURING PARKGREENFIELD PROJECT WILL BE DEVELOPED IN TWO PHASESINVESTMENT IS EXPECTED TO CREATE 53,500 JOBSON SIGNING OF MOU, JV PARTNERS, AEL AND IRH, TOGETHER WITH GOVERNMENT OF ODISHA, WILL ADVANCE NEXT PHASE OF PROJECT

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