Adani launches QIP and ₹1.08 lakh crore aluminium JV
after close1 source ↓written by the desknot a recommendation
- floor price
- ₹3,034.68
- to fund incubation
- ₹150 billion
- with IHC
- 50:50 joint venture
- that includes alumina
- ₹1.08 lakh crore aluminium complex
- facility
- 4,000MW power
Adani Enterprises launched a Qualified Institutional Placement (QIP) with a floor price of ₹3,034.68, raising the size to ₹150 billion to fund incubation capex. Concurrently, it formed a 50:50 joint venture with IHC and Odisha for a ₹1.08 lakh crore aluminium complex that includes alumina, smelting, and a 4,000MW power facility.
This dual move may enhance Adani's operational capacity and investor confidence, impacting market sentiment positively.
Not investment advice. For informational purposes only.