The flagship company of the Aditya Birla Group, Hindalco Industries Ltd, stated on Thursday that it will enter into a contract with the state-owned Odisha Mining Corporation (OMC) Ltd for the long-term supply of bauxite ore. For its projected 2-million-tonne alumina refinery and 150-MW captive power plant at Kansariguda in the Rayagada District, Hindalco said in a notice to exchanges that it will be signing a memorandum of understanding (MoU) with OMC for the supply of bauxite ore. This would be the second alumina refining plant for Hindalco in the Rayagada region of Odisha. The 8,000 crore anticipated investment would be made in two parts, according to the firm. At a cost of 5,500 crore, the first phase, which would produce 1 million tonnes, is anticipated to be put into operation in 2026–2027.
