Hindalco evaluating Rs 50,000 crore investments, says chairman Kumar Mangalam Birla

Hindalco Industries is evaluating investment opportunities worth up to Rs 50,000 crore to support its next phase of growth, chairman Kumar Mangalam Birla said on Thursday.

The proposed investments are in addition to the $10 billion global capital expenditure programme over five years that the company announced in August last year.

“This potential ₹1 lakh crore investment pipeline will lift our growth trajectory and put us in a strong position to meet India’s demands for metal solutions,” Birla told shareholders at the company’s annual general meeting on Thursday.


Aluminium consumption in India is expected to increase five-fold to nearly 28 million tonnes by 2047, while copper consumption is projected to rise four-fold to 3.6 million tonnes over the same period, Birla said, citing a government vision document.

“The coming decades will be defined not only by higher demand for metals, but by the need for scale, resource security, efficiency and reliability. All of this plays into our roadmap for integrated manufacturing capabilities,” said Birla.

The company is in the midst of its “most ambitious global capacity expansion programmes”, he said.

The Aditya Birla Group company, India's second-largest aluminium producer, supplies metal to automobile and electronics manufacturers and is increasingly focusing on downstream operations.

In its copper business, Hindalco is developing copper-magnesium and copper-silver alloys for high-speed rail infrastructure. It is also developing products aimed at import substitution in cooling systems and solar manufacturing.

Vedanta Aluminium Metal, which is the largest producer of aluminium in the country, plans to double its production capacity to 6 million tonnes, while Hindalco is planning expansions at its plants, which will take its capacity to over 2 million tonnes.

The Adani Group has also announced plans to enter aluminium production with a capacity of 2 million tonnes, while global materials major Rio Tinto has proposed setting up a 1 million-tonne smelter in Andhra Pradesh.

For 2025-26, Hindalco reported a record consolidated revenue of Rs 2.74 lakh crore. EBITDA rose 10% to an all-time high of Rs 38,097 crore, while adjusting for exceptional items, profit also reached a record Rs 18,733 crore.