Hindalco will invest Rs 45,000 crore over the next three years across its aluminium, copper, and specialty alumina businesses, Aditya Birla Group chairman Kumar Mangalam Birla said on Thursday. The investment will focus on both upstream operations and next-generation high-precision engineered products.
Speaking at the unveiling of Hindalco’s new brand identity, Birla emphasised the company’s scale and global presence, with 52 plants across 10 countries.
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The capex is already being deployed, a senior executive noted, adding, “There is a lot of noise about private capex lagging in the country, but while many companies are announcing plans, we have already begun executing ours”.
Hindalco is also expanding its presence in renewable energy and e-waste recycling. “Birla Copper is setting up the country’s first e-waste recycling plant to extract and recycle metals from discarded devices,” Birla said.
For aluminium smelting, the company is developing a 100 MW renewable energy solution integrating wind, solar, and pumped hydro storage for stable round-the-clock power. Hindalco currently generates 200 MW of renewable energy and is scaling up to 350 MW.
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Birla also highlighted Hindalco’s growth milestones, from producing 20,000 tonnes of aluminium in Renukoot 65 years ago to 1.3 million tonnes today. Its subsidiary Novelis, with a 4.2 million tonne capacity, is the world’s largest producer of flat-rolled aluminium products and recycles approximately 82 billion beverage cans annually.
The group’s copper business is the second-largest producer of copper rods outside China and is set to surpass 1 million tonnes of refined copper production. Meanwhile, Hindalco’s alumina output has expanded from 3,000 tonnes to 3.7 million tonnes.
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