Hindalco Industries has entered into a Shareholder’s Agreement & Power Purchase Agreement with Seven Renewable Power (SRPPL) for acquisition of 26% stake in SRPPL. The objective of the acquisition is to develop and operate captive power generation plant to supply 100 MW round-the-clock renewable energy to its Smelter located in Odisha.
Hindalco Industries is an industry leader in aluminium and copper. The company’s aluminium units across the country encompass the entire gamut of operations from bauxite mining, alumina refining, aluminium smelting to downstream rolling, extrusions, foils and alloy wheels, along with captive power plants and coal mines.
