Hyderabad, April 17 -- Rio Tinto, a leading global mining and metals group, and AMG Metals & Materials (AMG M&M), an energy transition solutions provider, have signed a Memorandum of Understanding (MOU) to jointly assess the feasibility of developing an integrated low-carbon aluminium project powered by renewable energy in India.

AMG M&M is promoted by the two founders of Greenko and AM Green.

Together, the parties will consider the potential development of up to 1 million tonnes per annum (Mtpa) primary aluminium smelter and 2 Mtpa of alumina production, both powered by renewable wind and solar energy firmed by pumped hydro storage, the company said in a release here on Thursday.

The development will comprise a study to evaluate a pote...