Sahrdaya_SIMS_Connect

Hindalco to Invest $10 Billion in Expansion Projects Across India and U.S.: Kumar Mangalam Birla

NEW DELHI: Kumar Mangalam Birla, chairperson of the Aditya Birla Group, announced that Hindalco Industries will invest $10 billion in expansion projects across its India operations and U.S.-based subsidiary Novelis. This investment will fund ongoing projects as well as new initiatives in the near future, including expansions in aluminium and copper smelters, the Aditya FRP plant, a new alumina refinery in Rayagada, and the Bay Minette expansion at Novelis.

Speaking at the company’s annual general meeting on Thursday, Birla revealed that Hindalco is setting up a greenfield alumina refinery in Rayagada, Odisha, with the first phase of 850,000 tonnes expected to be commissioned by FY27. Additionally, the company is evaluating a nearly 200,000-tonne brownfield expansion at its Aditya Aluminium smelter in Odisha, which will largely be powered by renewable energy.

Hindalco also plans to increase its copper smelting capacity and is exploring the possibility of setting up a brownfield facility in Gujarat. The company is constructing India’s largest Copper Inner Groove Tube plant at Wagodia, Gujarat, expected to be commissioned by the end of this calendar year, reducing the country’s reliance on imports for this essential air conditioning component.

Birla highlighted the macroeconomic factors driving the increased consumption of aluminium and copper. He noted that aluminium consumption, which stood at 5 million tonnes (MT) in FY24, is projected to double to 10 MT over the next decade. Copper consumption is also expected to grow by 10% in the coming years.

Hindalco is positioning itself to capitalize on these trends by expanding capacities and developing new products and solutions tailored to India’s emerging needs, such as infrastructure for electric vehicles (EVs) and solar energy. On Novelis, Birla mentioned that the company continues to make steady progress on several strategic capital investments, with the largest being the U.S. rolling and recycling investment in Bay Minette.

Scroll to Top