Industry News

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

Views : 211
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 >>
Rising oil prices pressure Vietnam’s inflation control targets Rising oil prices pressure Vietnam’s inflation control targets
Mar .24.2026
Rising oil prices pressure Vietnam’s inflation control targets
South Africa raises AD duties on structural steel from China & Thailand South Africa raises AD duties on structural steel from China & Thailand
Mar .24.2026
South Africa raises AD duties on structural steel from China & Thailand
Rise and fall in LME aluminium: cash climbs to $3,329/t, stocks slip nearly 1% Rise and fall in LME aluminium: cash climbs to $3,329/t, stocks slip nearly 1%
Mar .24.2026
Rise and fall in LME aluminium: cash climbs to $3,329/t, stocks slip nearly 1%
Macro geopolitical risks have yet to subside, and aluminium prices have maintained a fluctuating pattern Macro geopolitical risks have yet to subside, and aluminium prices have maintained a fluctuating pattern
Mar .24.2026
Macro geopolitical risks have yet to subside, and aluminium prices have maintained a fluctuating pattern