Article: India: Ashapura to invest 42 bln rupees(USD 864MN) in alumina project.

Byline: prashant03

Mining firm Ashapura Minechem Ltd said on Tuesday it plans to invest 42 billion rupees(USD 864MN) 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 271.4MN) the company said in a statement.

The alumina refinery will have a capacity of 0.5 million tonnes, while the aluminium ...

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