Utkal Alumina, a 100% subsidiary of Aditya Birla Group company Hindalco, is expanding the annual capacity of its existing alumina refinery at Kashipur, Rayagada by 0.5 million mt to 2 million mt.
The company will invest Rs 1,500 crore in the expansion. For this new unit, more than 500 people are being employed through direct and contractual roles.
“I am particularly happy that investors in Odisha are expanding their existing projects in Odisha even after the impact of COVID-19. This shows that our economy is bouncing back from the impacts of the pandemic and we are back on the path of sustained growth and development,” said Odisha Chief Minister Naveen Patnaik after inaugurating the expansion plan.
Aditya Birla group employs more than 12,000 people in Odisha, which accounts for more than 10% of its global workforce.
The Aditya Birla group has been a key player in the industrial growth story of Odisha with their presence spanning across sectors like metals, mining, cement, financial services, fashion and retail, Patnaik said.
“Today’s inauguration is a testament to the long-standing relationship between the Aditya Birla group and Odisha.”