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Hindalco to reappraise two projects

Wednesday, 14 Aug 2013
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Hindalco Industries is re-evaluating two projects - Aditya aluminium-cum-refinery project in Orissa, and the aluminium project in Jharkhand - due to delays in getting various regulatory approvals.


The Aditya aluminium-cum-refinery project comprises 1-1.5 million tpa alumina refinery; 3.59 lakh tpa aluminium smelter; captive power plant of (6x150MW); and bauxite mines of 3 million tpa. The project is estimated to cost Rs 13,195 crore.

Another aluminium project at Sonahatu, in Jharkhand, will consist of 3.59 lakh tpa aluminium smelter along with 900 MW captive power plant.  The project is estimated to cost Rs 10,000 crore.

While re-evaluating both the projects, the company will decide on whether to continue with the projects or not, in the next three to four months.

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