Hindalco secures long-term bauxite supply for Odisha plant expansion

10 Oct 2023 CW Team

Hindalco Industries announced its intention to form a long-term partnership with the Odisha Mining Corporation, ensuring a steady supply of Bauxite ore. The purpose is to fulfill the raw material requirements for its upcoming 2-million-tonnes alumina refinery and 150-MW captive power plant located in Kansariguda, Rayagada district, Odisha.

This project marks Hindalco's second venture in alumina refining within the Rayagada district of Odisha. The company will formalise this collaboration through a Memorandum of Understanding (MoU) with Odisha Mining Corporation. As per the regulatory filing, the planned investment for this initiative amounts to Rs 80 billion, split into two phases. The first phase, with a production capacity of one million tonnes, is slated for commissioning in FY'27, involving an investment of Rs 55 billion.

Hindalco Industries, a prominent player in the Indian aluminium manufacturing sector, is spearheading this significant development.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..