Hindalco Industries, an Indian aluminum manufacturer, committed Rs 21,000 crore to expand its aluminum operations in Odisha, focusing on both upstream and downstream facilities.
The investment funds a smelter expansion at the Aditya Aluminium site and a Rs 4,500 crore facility for flat rolled products and battery-grade foil. This new foil facility supports 100 GWh of lithium-ion cell manufacturing, aiding India’s electric mobility sector.
By increasing the capacity of flat-rolled products, Hindalco aims to cut national import dependence by nearly half. The project also incorporates renewable energy to power a portion of the expanded smelter.
The Odisha investments are part of a Rs 55,000 crore national growth plan, securing Hindalco’s position as a leading player in India’s flat-rolled products market.