Industry News

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

Views : 102
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.

Related News
Read More >>
What Tariffs, Steel Prices Mean for E&S Construction Insurance in California What Tariffs, Steel Prices Mean for E&S Construction Insurance in California
Apr .25.2025
What Tariffs, Steel Prices Mean for E&S Construction Insurance in California
Nickel Price Update: Q1 2025 in Review Nickel Price Update: Q1 2025 in Review
Apr .25.2025
Nickel Price Update: Q1 2025 in Review
Higher steel prices benefiting Region steel mills Higher steel prices benefiting Region steel mills
Apr .25.2025
Higher steel prices benefiting Region steel mills
Vale's net profit drops 17% on lower iron ore prices Vale's net profit drops 17% on lower iron ore prices
Apr .25.2025
Vale's net profit drops 17% on lower iron ore prices