business π Ambani eyeing aluminum, setting up Adani clash π¬
Mukesh Ambani's Reliance Industries is exploring an entry into aluminium production to diversify its business. This potential move comes as Gautam Adani's Adani Enterprises announced an $11.5 billion investment in an Odisha aluminium project. Reliance plans this alongside its coal gasification projects in Andhra Pradesh, aiming to use generated fuel for viability. The sector is growing fast, with consumption expected to rise significantly up to FY47. This development signals increased competition in India's major metals industry.