According to foreign media reports, Hindalco Industries Limited of India plans to invest 450 billion rupees in the next three to four years to expand its aluminum, copper, and specialty alumina businesses. The funds will mainly come from the company’s internal earnings. With more than 47,000 employees in its Indian operations, Hindalco has abundant cash flow and zero net debt. This investment will focus on upstream businesses and next-generation high-precision engineering products to strengthen its leading position in the global metal industry.
Hindalco’s primary aluminum production capacity has increased from the initial 20,000 tons at the Renukoot aluminum plant to 1.3 million tons currently. Its subsidiary, Novelis, has a production capacity of 4.2 million tons and is the world’s largest producer of aluminum rolled products and aluminum recycler. Meanwhile, Hindalco is also a large-scale copper rod producer, and its refined copper production is expected to exceed 1 million tons. Its alumina production capacity has been expanded from 3,000 tons to about 3.7 million tons.
In terms of business expansion, Hindalco is targeting areas such as electric vehicles, renewable energy, and so on. Currently, the company is constructing India’s first copper foil facility for electric vehicles, as well as battery foil and manufacturing plants. In addition, Hindalco is also expanding its businesses in renewable energy and e-waste recycling, including setting up e-waste recycling plants and developing renewable energy solutions.
Post time: Mar-27-2025