To build an alumina refinery in Odisha, Adani Group would invest $5.2 billion.

As Asia's richest man, Gautam Adani, continues to swiftly expand his empire, Adani Enterprises Ltd.

proposes to invest $5.2 billion in building an alumina refinery in the state of Odisha in eastern India.

According to a tweet published on Wednesday by the office of the state's chief minister,

 Naveen Patnaik, the flagship firm of the Adani Group has received clearance 

to construct the refinery and a captive power plant in Rayagada for a cost of 416.53 billion rupees ($5.2 billion).

Another announcement from the local administration states that

the refinery will have a 4 million tonne capacity annually.