Adani Enterprises Limited has secured an ESG score of 83.1, classified as CareEdge – ESG 1+, following an assessment by CARE ESG Ratings Limited. This rating reflects the company's sustained commitment to best-in-class practices and transparent disclosures across environmental, social, and governance dimensions. The evaluation is based on the latest disclosures presented in the company's FY26 Integrated Annual Report.

The rating action resulted from CARE ESG Ratings' annual surveillance review. The agency assessed the company's performance and reporting standards to arrive at the CareEdge – ESG 1+ designation. This score places the entity in the highest category evaluated by the ratings provider.

Rating Details

The following table outlines the key parameters of the ESG rating assigned to adani enterprises :

The disclosure was made to the stock exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was submitted by Jatin Jalundhwala, Company Secretary & Joint President (Legal), on July 2, 2026.

Adani Enterprises and International Resources Holding (IRH), an IHC Group company, have formed a 50:50 joint venture to develop an integrated greenfield aluminium project in Odisha. The proposed investment, valued at approximately ₹1.08 lakh crore (USD 11.5 billion), is expected to be Odisha's largest Foreign Direct Investment (FDI) proposal and India's largest foreign direct investment in the metallurgy sector. The project aims to position Odisha as a global aluminium supply chain hub by integrating the complete value chain — from mining to downstream manufacturing.

The joint venture agreement was formalized through a Memorandum of Understanding (MoU) signed with the Government of Odisha on July 2, 2026. The project will be developed in two phases, with investments of approximately ₹66,000 crore in Phase I and ₹44,000 crore in Phase II.

Project Details and Investment

The greenfield project encompasses a 4 million metric tonnes per annum (MMTPA) alumina refinery, a 2 MMTPA aluminium smelter, a 4,000-megawatt (MW) captive power plant, and a 1 MMTPA downstream manufacturing park. The downstream manufacturing park is anticipated to attract manufacturers producing components for transport, construction, power, packaging, renewable energy, and advanced engineering.

Employment and Economic Impact

The project is designed to generate significant employment opportunities, with an expected 53,500 jobs created across construction and operations. During the construction period, approximately 35,000 jobs are expected to be created, while operations spanning mining, refining, smelting, and downstream manufacturing are projected to support an additional 18,500 jobs.

Strategic Partnership

This partnership builds on established strategic ties between the Adani Group and IHC across energy, transmission, and artificial intelligence. Earlier in 2026, IHC Group company ePointZero entered into a joint venture with Adani Green Energy to develop renewable energy projects across India. The new joint venture with IRH represents a milestone in IHC's multi-billion-dollar investment strategy for India, reinforcing its commitment to sectors supporting industrial growth and economic development.

The MoU was signed in the presence of Shri Mohan Charan Majhi, Hon'ble Chief Minister of Odisha, and Shri Sampad Chandra Swain, Hon'ble Minister for Industries and Skill Development & Technical Education. Senior officials from the Government of Odisha, along with representatives from Adani Group and IHC, attended the ceremony. Following the signing, the joint venture partners will advance the next phase of the project, including land acquisition, statutory approvals, and infrastructure planning.