Hindalco’s upcoming INR 241.05 crores alumina project to help bolster Odisha’s economy

AL Circle

The 124th State Level Single Window Clearance Authority (SLSWCA) meeting on November 18 approved eight transformational projects totalling 1397.18 crores, bolstering Odisha's standing as an investment destination. Significant investments in aluminium, plastic, and technical textiles have increased Odisha's industrial capacity.

Hindalco’s upcoming INR 241.05 Crores alumina project to help bolster Odisha’s economy


Hindalco Industries Ltd has announced plans to allocate INR 241.05 Crores towards investment in the aluminium industry. This investment would be primarily directed towards building a production plant for White Fused Alumina in Sambalpur. The substantial allocation of funds is anticipated to provide employment prospects for 210 persons.

Investment from renowned firms such as Four Sandhu Tubes Private Limited and KAI Steel Private Limited has substantially developed the steel industry. These two firms have spent almost INR 188.98 crores in areas such as Jajpur and Sundargarh. More than 403 individuals will be employed due to the state's investments in downstream industries.

Odisha's strategic vision, along with its commitment to inclusive and sustainable growth, is drawing national and international investors and establishing a standard for overall development. As these initiatives progress, they will help Odisha become a powerhouse of industrial growth and job creation.

Global Aluminium Industry Key Trends to 2030

Sintex BAPL Limited has committed to investing INR 479.47 crores in the building of a manufacturing plant for CPVC, UPVC, SWR, Agri Pipes, PVC fittings, and Plastic tanks with an annual capacity of 37,520 tonnes in the plastic industry. As a consequence, 1000 people will be employed in Sambalpur. In addition, HIL India has committed to investing INR 250 crores in establishing PVC and CPVC pipe manufacturing operations, creating 275 jobs.

Edited By:

This news is also available on our App 'AlCircle News' Android | iOS

Alternate Text
EPIQ Machinery

A world class equipment designer specialized in developing innovative & effective solutions for heavy equipment, vehicles, and material handling systems

Alternate Text
RIA Cast House Engineering

Leading supplier of rail mounted precision Furnace Charging Machines and Furnace Skimming Machines

Alternate Text

Leading manufacturer of value-added equipment for the aluminum casthouse

Alternate Text

Your reliable partner in aluminum casthouse equipment and products

Alternate Text

A supplier of proven systems and an expert adviser in aluminum casthouse technology, offering its services worldwide to the aluminum industry.

Alternate Text

September 25-27, 2024 | BITS Pilani K K Birla Goa Campus, Goa, INDIA

Business Leads
We have buying requirement of Aluminium Trihydrate. ...
16-Jul-2024 Buying request

We are interested in buying low sulphur green petroleum coke...
26-Jun-2024 Buying request

Interested to buy aluminium powder. Destination :  Amravti,...
10-Jan-2024 Buying request

Read this news article and much
more on the AL News app
Get real-time news and business
lead alerts on your phone