BHOPAL, Feb. 25 -- Hindalco Industries- the flagship company of the Aditya Birla Group, has signed an MoU with the Madhya Pradesh government to invest Rs 15,000 crore over the next two years on day-1 of Global Investors Summit.
Making the announcement at Bhopal's Indira Gandhi Rashtriya Manav Sagrahalaya (IGRMS) on Monday, Hindalco's Managing Director Satish Pai stated, "Over the next two years, we will invest around Rs 15,000 crore from Hindalco alone. Additionally, the group will be developing a major mine called Banda."
Hindalco already has a strong presence in Madhya Pradesh, with investments worth Rs 25,000 crore, primarily in its aluminium smelter at Mahan in the Singrauli district. The investment aims to strengthen the company's op...