Ashapura Minechem Ltd has signed up a Memorandum of Undertaking (MoU) with government of Maharashtra in order to establish a high-tech Alumina Complex at Ratnagiri, in the coastal belt of Maharashtra.
The company would spend Rs 4,200 crore on the project including an investment of Rs 1,320 Crores for a 330 MW Captive Power Plant.
The project, covering up 1500 acres of land, will create direct and indirect employment for more than 3000 people.