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MetalsManufacturingHigh impactAfter close

Adani and IRH to form $11.5 billion aluminium joint venture

after close1 source ↓written by the desknot a recommendation

for an integrated
50:50 joint venture
approximately
₹1.08 lakh crore
project includes
4 MMTPA alumina refinery
2 MMTPA aluminium smelter
4,000 MW captive power plant

Adani Enterprises and International Resources Holding plan to establish a 50:50 joint venture for an integrated aluminium project in Odisha, with an investment of USD 11.5 billion (approximately ₹1.08 lakh crore). This project includes a 4 MMTPA alumina refinery, a 2 MMTPA aluminium smelter, and a 4,000 MW captive power plant.

The venture marks the largest foreign direct investment in Odisha and one of India's significant metallurgy sector investments. The development will occur in two phases, with ₹66,000 crore allocated for the initial phase.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 5 Jul 2026, 16:02 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

ADANIENT closed −0.2% on the day of the news, from ₹3,212.10 to ₹3,206.60; Nifty +0.7% over the same session; futures OI −0.6%.

Bulletin at 16:02 IST on 5 Jul 2026. Every change is measured from ₹3,212.10, the last close before it, on 3 Jul. Nifty 50 is measured over the same sessions.

  • ADANIENT close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
ADANIENT closes around the bulletin against the close before the news, with Nifty 50 rebased to it281132123613axis spans 29%before the news · 3 Jul3212Nifty 50ADANIENTbulletinD0+1+3+529 Jun9 Jul20 JulFutures open interest, lotspeak 67,000Reference close ₹3,212.10. 16 sessions from 29 Jun to 20 Jul; the price axis spans 29 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before3 Jul₹3,212.10basebase
On the day6 Jul₹3,206.60▼ −0.2%▲ +0.7%−0.8 pp difference
+1 session7 Jul₹3,107.20▼ −3.3%▲ +0.5%−3.8 pp difference
+3 sessions9 Jul₹3,083.60▼ −4.0%▼ −1.3%−2.7 pp difference
+5 sessions13 Jul₹3,177.50▼ −1.1%▼ −0.3%−0.8 pp difference
Gap at the open, % · ₹
▲ +0.6%+17.99 on 6 Jul
Day's range, % · ₹
1.8%≈ 57 high to low
Volume on the day
0.88×the 20-session average
Futures OI on the day
▼ −0.6%−340 lots · long unwinding · price −0.2%
Futures OI open, lots
58,0006 Jul · 28 Jul expiry
Futures premium, ₹
+6.80+0.2% to spot
Puts per call, by OI
0.70from 0.70 the session before
Max pain
3,100from 3,100 the session before

Source NSE UDiFF bhavcopy · ADANIENT on the desk →

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