Hindalco Industries will enter into a pact with the Odisha Mining Corporation for long-term supply of bauxite ore for 2 million tonnes alumina refinery and 150 MW captive power plant at Rayagada. The total proposed investment of Rs 8000 crore, Hindalco said, will be in two phases. The first phase of 1 million tonne is expected to be commissioned in FY27, at an investment of Rs 5,500 crore.
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