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Hindalco Industries to enter into MoU with Odisha Mining Corporation

05 Oct 2023 Evaluate

Hindalco Industries is all set to enter into a Memorandum of Understanding (MoU) with Odisha Mining Corporation for the long-term supply of Bauxite ore for its proposed 2-million tonne alumina refinery and 150-MW captive power plant at Kansariguda in the Rayagada District (the project). This will be the company’s second alumina refining facility in the Rayagada district of Odisha.

The total proposed investment of Rs 8,000 crore shall be in two phases. The first phase of 1 million tonne is expected to be commissioned in FY27, at an investment of Rs 5,500 crore.

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.

Hindalco Share Price

1038.95 -0.70 (-0.07%)
17-Apr-2026 16:59 View Price Chart
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