Hindalco Industries has informed that the Company will be entering into Memorandum of Understanding with Orissa 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. This will be Company's second alumina refining facility in the Rayagada district of Orissa. The total proposed investment of Rs 8,000 crore shall be in 2 phases. The first phase of 1 million tonne is expected to be commissioned in FY27, at an investment of Rs 5,500 crore. The aforesaid is subject to signing of definitive document(s).
The above information is a part of company’s filings submitted to BSE.
