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Hindalco Announces ₹21,000-Cr Smelter Expansion and Commissions New Odisha Facilities
Hindalco has announced a massive ₹21,000-crore expansion of its aluminium smelter in Odisha, adding 3.6 lakh tonnes per annum to its capacity. Simultaneously, the company commissioned a ₹4,500-crore facility for Flat Rolled Products (FRP) and India's first battery-grade aluminium foil, specifically targeting the EV and energy storage sectors. These projects are part of a larger ₹37,000-crore investment plan in Odisha and a total growth capex of ₹55,000 crore across India. The expansion aims to reduce India's dependence on imported flat-rolled aluminium by nearly 50% while supporting up to 100 GWh of lithium-ion cell manufacturing.
Key Highlights
₹21,000-crore investment for a 3.6 lakh-tonne-per-annum smelter expansion at the Aditya Aluminium complex.
Commissioned a 1.7 lakh-tonne-per-annum FRP and battery-grade foil facility with a ₹4,500-crore investment.
Total planned capex of ₹37,000 crore in Odisha and ₹55,000 crore across India for growth initiatives.
Battery foil facility designed to support 100 GWh of lithium-ion cell manufacturing capacity.
Expansion expected to halve India's current 40% import dependence on flat-rolled aluminium products.
💼 Action for Investors
This is a significant long-term positive as Hindalco pivots towards high-margin downstream products for the EV ecosystem. Investors should maintain a positive outlook given the company's integrated strategy and focus on import substitution.