In an exciting development, Hindalco Industries Ltd has announced its strategic partnership with the Odisha Mining Corporation. This collaboration is set to ensure a reliable and long-term supply of Bauxite ore, a crucial raw material for various industrial processes.
Hindalco’s ambitious plan involves securing a steady source of Bauxite ore to fuel its upcoming 2-million tonne alumina refinery and a 150-MW captive power plant situated in Kansariguda, Rayagada district, within the vibrant state of Odisha. This project marks a significant milestone for Hindalco and further strengthens its presence in the region, as this will be the company’s second alumina refining plant in the Rayagada district.
The company officially announced its intentions, stating, “Hindalco Industries will be entering into a Memorandum of Understanding (MoU) with Odisha Mining Corporation for the long-term supply of Bauxite ore for its proposed 2-million tonnes alumina refinery and 150-MW captive power plant at Kansariguda in the Rayagada district.” This strategic move underscores Hindalco’s commitment to sustainable resource management and its goal to meet the growing demand for alumina in the region.
The estimated total investment for this ambitious project is an impressive Rs 8,000 crore, which will be implemented in two phases. The initial phase, with a capacity of one million tonnes, is expected to be commissioned in FY’27, with an investment of Rs 5,500 crore. This endeavor showcases Hindalco’s dedication to growth and innovation in the aluminum manufacturing sector.
Hindalco Industries Ltd, a frontrunner in the country’s aluminum manufacturing industry, continues to make strategic strides to ensure a sustainable and robust future for its operations in the Rayagada district of Odisha.
About Hindalco:
Hindalco Industries Limited, an Indian company specializing in the production of aluminum and copper, operates as a subsidiary of the Aditya Birla Group. The company is headquartered in Mumbai, Maharashtra, India, and holds the 895th position in the Forbes Global 2000 list. As of May 2013, its market capitalization stood at US$3.4 billion.
For more of the Latest News, Click Here
