Utkal Alumina International Limited, a subsidiary of Aditya Birla Group owned Hindalco Industries, has applied for environment clearance for its expansion of the alumina refinery in Odisha.
The estimated cost of the proposed expansion project is INR 4000-5000 crore. With the proposed expansion, the company’s alumina production capacity will increase from 1.5 million tonnes per annum to 3 million tonnes per annum.
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The expert appraisal committee of the Ministry of Environment, Forests & Climate Change would take up company’s expansion application at its next meeting on February 5.
The company's captive Baphlimali bauxite mines supplies reserves to the alumina refinery. The ample amount of reserves can fed the refinery for 25 years once the production starts.
Utkal Alumina refinery produced 380 thousand tonnes of alumina in the quarter ended 30th September, 2017. The refinery is producing at its installed capacity and secured its place as one of the lowest cost refineries of the world.
The company reported 18 per cent increase in EBITDA at INR 201 crore on the back of higher international alumina prices partly offset by higher input costs.
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