Bhubaneswar, July 2 -- Adani Group on Thursday announced a proposed investment of USD 11.5 billion (nearly Rs 1.08 lakh crore) in Odisha to develop an integrated aluminium manufacturing ecosystem, a project expected to generate more than 53,000 jobs during its construction and operational phases.

Speaking at the Memorandum of Understanding (MoU) signing ceremony in Bhubaneswar, Adani Enterprises Managing Director Karan Adani said the proposed project would be among the world's largest investments in the aluminium sector and would significantly boost Odisha's industrial development.

"With a proposed investment of USD 11.5 billion, translating to nearly Rs 1.08 lakh crore, this is among the most significant aluminium ecosystem investments...