Bhubaneswar: Aditya Birla Group is all set to make an investment of over Rs 12,000 crore for the expansion of Kansariguda Alumina Refinery in Odisha’s Rayagada district.
The investment proposal was announced after Odisha Chief Minister Mohan Charan Majhi on Saturday held a discussion with Kumar Mangalam Birla, Chairman of Aditya Birla Group, to review the progress of the group’s ongoing and proposed investments across the State. The meeting provided a platform to discuss the implementation of major projects being undertaken by the Group in Odisha and identify measures for their timely facilitation.
Discussions also focused on further expansion of the Aditya Birla Group’s presence in sectors where it does not currently have significant operations in the State. A major outcome of the meeting was the Group’s proposal to expand its greenfield alumina refinery project at Kansariguda in Kashipur Tehsil of Rayagada district. The project is being developed by Hindalco Industries Limited.
The refinery was initially envisaged with a capacity of one million tonne per annum and an investment of approximately Rs 8,000 crore. Considering the long-term potential of the project and the proactive support extended by the Government of Odisha, the Group has proposed an additional investment of approximately Rs 12,000 crore to enhance the refinery’s capacity by another two million tonne per annum.
With the proposed expansion, the total capacity of the Kansariguda refinery will increase to three million tonne per annum, with an overall investment of approximately Rs 20,000 crore. The project is expected to generate substantial direct and indirect employment and create further opportunities for local enterprises, service providers and downstream industries.
Welcoming the proposal, the Chief Minister said Odisha’s mineral strength must translate into greater value addition, advanced manufacturing and quality employment within the State. Describing aluminium as central to this vision, Majhi said Odisha intends not only to lead the country in alumina and aluminium production but also to build a globally competitive ecosystem across the entire value chain, from refining and primary metals to downstream and advanced products.
The expansion of the Kansariguda refinery will further strengthen this momentum and reinforce Odisha’s position as India’s leading metals and metallurgy hub, the CM said and assured the Group of continued support from the State Government for the timely implementation and expansion of its projects.