Mumbai, October 5 (Meel Bijendra) – Indian aluminum and copper manufacturing company Hindalco Industries Ltd has signed a Memorandum of Understanding (MoU) with Odisha Mining Corporation for long-term supply of bauxite ore for the proposed 2 million tonne alumina refinery and 150 MW captive power plant at Kansariguda in Rayagada district.
This will be the second alumina refining facility of Hindalco Industries Limited, a subsidiary of Aditya Birla Group, in Rayagada district of Odisha and the total proposed investment of ₹8,000 crore will be in two phases.
The first phase of 1 million tonnes at an investment of ₹5,500 crore is expected to be commissioned in FY27, the company said.