Article: India : Ashapura to invest 42 bln rupees (USD 861 million) in alumina project.

Byline: pinto03

Mining firm Ashapura Minechem Ltd said on Tuesday it plans to invest 42 billion rupees(USD 861million) to set up an alumina refinery and aluminium smelter in Maharashtra.

The investment includes setting up a captive power plant for 13.2 billion rupees, (USD 270 million) the company said in a statement. The alumina refinery will have a capacity of 0.5 million tonnes, while the aluminium smelter will ...

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