Gautam Adani In Metal Sector: Asia’s richest industrialist Gautam Adani is now going to enter the metal sector as well. Adani Enterprises has decided to set up Alumina Refinery in Odisha. Adani Enterprises will invest $ 5.2 billion i.e. about Rs 41600 crore to set up this plant.
Adani Group Adani Enterprises has got approval to set up an alumina refinery plant in Odisha as well as a captive power plant. Let us tell you that Adani Group had formed a company named Mundra Aluminum Limited in December last year, after which it was indicated that Gautam Adani is preparing to enter the metal sector. At present, Aditya Birla Group and Vedanta Group dominate this sector.
Gautam Adani’s Adani Group constantly steps into different sectors. Recently, the company took part in the auction of 5G spectrum while stepping into the telecom sector. And they have also bought spectrum. Earlier this year, he had decided to buy ACC and Ambuja Cement from Holcim while announcing major acquisitions in the cement sector. Let us tell you that the Adani Group is present in the aviation sector including MFCG, Power Distribution, Power Plant, Green Energy, Ports.