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MoU signed between Hindalco and Odisha Mining Corporation for long-term bauxite supply

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Update time : 2023-10-09 14:35:17
Hindalco Industries Limited has officially inked a Memorandum of Understanding (MoU) with Odisha Mining Corporation for long-term bauxite supply. This agreement marks the commencement of a sustainable partnership set to strengthen Hindalco's vision of excellence in the aluminium industry.

Hindalco Industries, a powerhouse in aluminium production, unveiled its strategic plan to establish a cutting-edge 2 million-tonne alumina refinery and a state-of-the-art 150-MW power plant at Kansariguda in the Rayagada District.

The heart of this collaboration lies in the long-term supply of bauxite ore, the lifeblood of aluminium production. Odisha Mining Corporation, renowned for its commitment to excellence, will play a pivotal role in fuelling Hindalco's ambitious venture. This MoU, a testament to their shared dedication, was formally announced through an exchange filing, further underscoring its significance.

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