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The chairman of the Aditya Birla Group, Kumar Mangalam Birla will invest INR 45,000 crore into Hindalco Industries to modernize its aluminium, copper and specialty alumina segments in the next three to four years. This will help Hindalco move from being a plain supplier of metals to being a provider of engineered solutions.
During a corporate event, Birla pointed out Hindalco’s focus on EV mobility, renewable energy, energy storage, semiconductors and high end electronics. They are working on lightweight materials for electric vehicles (EVs), aerospace and defence and have been involved with ISRO’s Chandrayaan and Mangalyaan missions.
VIDEO | Hindalco will be investing Rs 45,000 crore across its aluminium, copper and speciality alumina businesses.
— Press Trust of India (@PTI_News) March 20, 2025
Speaking to the reporters on the sidelines of the event, Satish Pai, Managing Director of Hindalco Industries, detailed the ambitious investment strategy, outlining… pic.twitter.com/S4Y0ga34h2
A large share of the investment will go towards the first ever Copper Foil facility for EVs in India, as well as a copper recycling facility. In addition, Hindalco will add 150 MW of renewable energy capacity, raising its total renewable energy generation to 350 MW. In fact, the company has already started a 100 MW renewable energy project in Odisha that combines wind, solar and pumped hydro storage.
Hindalco has 52 plants globally and has a workforce of 47,000 people. This investment will strengthen India’s global metals manufacturing position while also bolstering Hindalco’s role as a leading player in sustainable industrial solutions.
