šŸŒŸ Adani Group to establish Aluminia refinery in Odisha šŸŒŸ
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ā™¦ļø Adani Group mentioned in a press statement that it would invest Rs.57,575 Cr. to set up an alumina refinery in Odisha with a capacity of 4 million tonnes a year.

ā™¦ļø HLCA (The High-level clearance authority) of the Government of Odisha, headed by CM Naveen Patnaik approved the two projects of alumina refinery, and iron ore project of Adani Group.

ā™¦ļø It will create nearly 9300 jobs along with indirect jobs opportunities in Odisha.

ā™¦ļø Adani Enterprise will also set up 175 MW captive power plant in Rayagada district.

ā™¦ļø Sompuri Infrastructures Private Limited, a joint venture of Adani Group and Thriveni will create pellet plant and filter cake unit with a investment of Rs.7811 Cr.

ā™¦ļø Technical structure of the stock is not good for taking a fresh entry considering the chart structure and heated RSI.

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