Hindalco Industries has announced a long-term supply agreement with the Odisha Mining Corporation.

The company intends to source Bauxite ore for its proposed 2-million-tonne alumina refinery and 150-MW captive power plant in Odisha's Kansariguda region.

Hindalco will build its second alumina refining facility in the Odisha district of Rayagada.

"Hindalco Industries will be entering into a Memorandum of Understanding (MoU) with Odisha Mining Corporation for the long-term supply of Bauxite ore for its proposed 2-million tonnes alumina refinery and 150-MW captive power plant at Kansariguda in the Rayagada district," the company said in a regulatory filing.

The total proposed investment of Rs 8,000 crore will be in two phases.