Odisha Mining Corporation, Hindalco Sign MoU To Setup Alumina Refinery In Rayagada

Odisha Mining Corporation (OMC) and Hindalco Industries, a subsidiary of the Aditya Birla Group signed a Memorandum of Understanding (MoU) for the Long-term Linkage of Raw Material for HINDALCO Alumina Refinery at Kanshariguda, Rayagada. 

Chief Minister of Odisha, Naveen Patnaik said, "With the implementation of the Long-term Linkage Policy for Minerals – 2023, Odisha has positioned itself as the investors’ preferred destination for sustainable industrial growth. This MoU is a testament to our commitment on delivering the best industrial ecosystem for growth of business. Collaborations like these are crucial for the state's progress and for providing employment opportunities to our people."

Key Highlights of the Aditya Alumina Refinery Project are the establishment of an Alumina Refinery with a production capacity of 2 million TPA, cogeneration thermal power plant of 150 MW, potential to generate 1000 direct and 4,000 indirect jobs during its operational phase and projected investment of Rs 8,000 crores.

Speaking on the occasion, Kumaramangalam Birla, Chairperson, Aditya Birla Group said that the Odisha-Hindalco partnership is going from strength to strength. It is a symbiotic success story that is an exemplar for holistic development. The Utkal Alumina plant brought in state-of-the-art technology, fostered new industrial growth, generated thousands of new jobs, and impacted lakhs of people in hundreds of villages through community development initiatives. The metal born in Odisha has been used in critical applications such as defence, aerospace and pharma, in India as well as overseas. The second refinery will follow the same development model, seeding more opportunities in livelihoods and cascading more socio-economic development. We are thankful to the people and government of Odisha and confident that the new project will be another shining beacon of collective and inclusive growth.” 

Along with the refinery, the Aditya Birla Group has also announced to set up a large scale garment manufacturing plant at Rayagada which will generate employment for 1500 local youth. The MoU is an outcome of the recently launched Long Term Linkage Policy of Government of Odisha which provides for assured availability of iron Ore, bauxite, Chromite Ore & limestone through OMC to mineral based value addition industries in Odisha. 

Odisha, with its strategic location on the eastern seaboard of the Indian peninsula, offers a unique advantage to industries and this MoU is a significant step towards leveraging this geographical and natural resource advantage, making Odisha the Industrial Hub of the East.

The Government of Odisha remains committed to fostering an environment where industries can thrive, innovate, and contribute to the state's socio-economic fabric. This collaboration with Hindalco Industries Limited is a shining example of the state's proactive approach to industrial development.