Odisha Mining Corporation has signed an MoU with Hindalco Industries for providing long term raw material linkage for its project at Kansariguda in Rayagada district in the presence of CM,Naveen Pattnaik.The agreement will facilitate and speed up the work for a 2-million tonne alumina refinery in Rayagada.
CM called it a significant milestone in the journey of Odisha's industrial growth and development. CM said that the MoU exemplifies the unwavering dedication to make Odisha a magnet for industrial investments. CM outlined that the Alumina Refinery of Aditya Aluminum Ltd at Kansariguda is a green field project coming up with an investment of ₹8000 Cr.
The project will create 1000 direct jobs, and 4000 indirect employment opportunities. Calling it the transformative power of industry, CM thanked the AdityaBirlaGrp for believing in the potential of Odisha and partnering with State Govt in this journey. CM further said that Odisha is poised to become an Industrial Hub of the East, and this is not just State's ambition but mission.
CM invited everyone to be a part of this exciting journey. CM urged everyone to co-create a future where business and socio-economic growth go hand in hand, making Odisha a shining example for the world. CM appealed the people of Rayagada to provide all support to the refinery project, so that work can start soon and make visible changes in the life of local people.
Joining the MoU signing ceremony, the Chairman of AdityaBirlaGrp Shri Kumar Mangalam Birla said that Odisha is witnessing rapid industrialisation under the visionary leadership of Chief Minister Shri Naveen Patnaik. Through several decades of development, Odisha has made remarkable progress in several fields, he added.
The refinery will have advanced technology and would create employment opportunities for more than 4,000 people, including indirect employment. CM Pattnaik expressed his confidence that the partnership between Odisha Mining Corporation and Hindalco Industries will ensure a steady supply of raw materials and promote the growth of the aluminium industry in the state.
The MoU includes the supply of bauxite by Odisha Mining Corporation to Hindalco Industries for a period of 15 years. This long-term raw material linkage will provide stability and security to the alumina refinery, which is crucial for its successful operation.
The refinery project in Rayagada district is expected to contribute significantly to the industrial growth of Odisha and will play a crucial role in the state's vision to become a leading hub for aluminium production. The project will also generate revenue for the state government and boost the overall economy.
CM Pattnaik expressed his gratitude to Hindalco Industries for choosing Odisha as the location for their project and assured them of the state government's full cooperation and support in its successful implementation. He also emphasized the government's commitment to creating a conducive business environment and providing all necessary infrastructure for attracting investments in various sectors.
Overall, the signing of the MoU between Odisha Mining Corporation and Hindalco Industries marks a major step towards the development of the alumina refinery project in Rayagada and showcases Odisha's commitment to industrial growth and development.
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