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Hindalco Industries, Ayana Renewable Power enter into Power Purchase agreement

05 Sep 2023 Evaluate

Hindalco Industries and Ayana Renewable Power have entered into Power Purchase agreement for the supply of 100 MW of Round-the-Clock (RTC) renewable energy to Hindalco’s smelter plants in Odisha. This captive power project is a significant milestone in Ayana’s efforts towards becoming a demand-driven energy solution provider. 

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.

Peers
Company Name CMP
Hindalco Industries 885.60
Vedanta 234.90
Hindustan Zinc 517.00
Jain Resource Recycl 277.30
CMR Green Tech 198.50
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