CURRENT AFFAIRS

2020

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
How much funds have been approved by Odisha for Hindalcos new alumina refinery unit?
A
Rs. 3, 000 crores
B
Rs.5, 000 crores
C
Rs.8, 000 crores
D
Rs.12, 000 crores
Explanation: 

Detailed explanation-1: -Odisha approves Rs 41, 900 crore investment proposals.

Detailed explanation-2: -The alumina refineries at Belagavi, Muri and Renukoot have installed capacities of 350, 000 TPA, 450, 000 TPA and 700, 000 TPA respectively. The state-of-the-art alumina refinery at Belagavi is dedicated to the manufacture of special alumina and alumina hydrates.

Detailed explanation-3: -It is estimated to cost Rs 8, 000 crore, is proposed to come up at Kansariguda near Rayagada in Odisha. With an envisaged nameplate capacity of two million tonnes per annum, the project is expected to spawn employment for 4, 250 people. Hindalco will bank on the Odisha government on raw material for feeding the refinery.

Detailed explanation-4: -Utkal Alumina is an Alumina Refinery of capacity 2 MTPA with its bauxite mine at Rayagada/Kalahandi District. Tikiri is basically a Panchyat, having its Panhayat Samiti at Kashipur (20 kilometers away from Tikiri towards Kalahandi District.

Detailed explanation-5: -In India, Hindalco plans to expand its Aditya Mahan smelter by 50, 000 tons by March 2024. It said it’s also considering adding another 180, 000 tons a year at the same location and setting up a 1 million ton a year alumina refinery in Odisha, among other expansion plans.

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