-20.70 (-2.17%) Hindalco Industries’ group unit - Aditya Aluminium - has lined up Rs 10,000 crore expansion plan to ramp up capacity of its aluminium smelter and captive power plant (CPP) proposed at Jharsuguda in western Orissa. The aluminium company intends to double smelter capacity from 0.36 million tonne per annum (mtpa) to 0.72 mtpa and scale up CPP capacity from 900 MW to 1650 MW.
Further towards the development, Aditya Aluminium has presented a capacity expansion plan to the state government. But the expansion has not been referred to the High Level Clearance Authority (HLCA) yet. However, the Single Window committee has asked the company to abide by certain conditions recommended by the state task force on aluminium at its last meeting held in January this year.
The task force on aluminum had urged the company to establish a campus of BITS-Pilani simultaneously along with the implementation of the project. It suggested the company to bring in additional investments to set up industries in sectors other than aluminum for creation of employment opportunities and revenue generation.
The company was also asked to submit a detailed report to the state's investment promotion agency-Industrial Promotion & Investment Corporation of Odisha. Moreover, the task force had recommended to the company to set up a 100-bed hospital, a quality school and an industrial training institute (ITI) at a suitable location in consultation with district authorities.