Odisha govt okays Hindalco Industries’ alumina refinery unit worth Rs 8,000 cr
Hindalco Industries will bank on the Odisha government on raw material for feeding the refinery
The High Level Clearance Authority (HLCA), the apex body to clear investment projects in Odisha has approved a new greenfield alumina refinery unit, proposed by Hindalco Industries.
The project will entail an investment of Rs 8,000 crore and is proposed to come up at Kansariguda near Rayagada in Odisha. It will have a capacity of two million tpa, the project is expected to spawn employment for 4,250 people.
Hindalco Industries will bank on the Odisha government on raw material for feeding the refinery. This project is scheduled to go on stream in four to five years. Bauxite from any of the leases of Odisha Mining Corporation is likely to feed the planned refinery of Hindalco Industries.
The alumina refining unit is planned at the foothills of the Kodingamali bauxite lease, currently under OMC’s leasehold. Hindalco Industries already has 1,500 acre for this refinery. Rest 600 acre needed for the project will be made available by the state authorities. This will be Hindalco Industries' second alumina refining complex in Odisha after Utkal Alumina refining project, also in Rayagada district.
The Utkal refinery is fed by the company’s captive Baphlimali bauxite mines, with enough reserves to cater to the refinery’s requirement for 25 years after its ramp-up. The mine contains very low amount of reactive silica. Hindalco Industries has pledged Rs 5,000 crore to ramp up the capacity of the Utkal refinery to three million tpa.
Alongside Hindalco Industries the HLCA approved NTPC’s proposal to scale up capacity of its coal-fired thermal power station at Talcher Thermal. The power plant named Talcher Thermal Power Station (TTPS) is undertaking the next stage expansion, adding two supercritical units of 660 MW, each at a cost of Rs 7,698.46 crore. NTPC TTPS presently has a rated capacity of 460 MW.
Aside from TTPS, NTPC operates 3,000 MW super thermal power station at Kaniha. Separately, the company is pursuing 1,600 MW power plant at Darlipalli in Sundargarh district.
The HLCA also gave the go-ahead to Rungta Mines to ramp up capacity of its existing integrated steel plant threefold from 0.9 million tpa to 0.27 million tpa at an investment of Rs 2,135 crore. Following the scale-up, the project will generate additional employment for 2,289 people. In all, the HLCA approved investment projects worth Rs 17,833 crore. The combined employment potential of the three projects is 6,539 new jobs.