Hindalco Industries Limited is set to sign an MoU with Odisha Mining Corporation. The MoU involves a long-term supply of Bauxite ore for Hindalco’s upcoming alumina refinery and captive power plant in Kansariguda, Rayagada District.
This marks the company’s second alumina refining facility in the region. The total investment for the project is Rs 8,000 crore, divided into two phases. Phase one, with a capacity of 1 million tonnes, is expected to commence operations in FY27, requiring an investment of Rs 5,500 crore.
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