Business Hindalco signs MoU with UltraTech Cement to deliver bauxite residue Updated : August 20, 2020 02:48 PM IST Hindalco claims to be the world's first company to achieve 100 per cent red mud (bauxite residue) utilisation, across three of its refineries. In the current year, Hindalco aims to achieve 2.5 million metric tonnes of bauxite residue utilisation. The Memorandum of Understanding (MoU) represents a significant sustainability initiative for both Hindalco and UltraTech. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.