Hindalco to invest Rs 45,000 crore in India's metal business: Kumar Mangalam Birla

Aditya Birla Group chairman Kumar Mangalam Birla on Thursday announced that Hindalco will be investing Rs 45,000 crore in India's metal business.

"We are committing Rs 45,000 crore across the aluminium, copper and specialty alumina businesses," said Birla while addressing the Hindalco event.

Additionally, the business tycoon announced that they will be also setting up India's copper foil factory for EVs.


The company has "pioneered" a 100-MW renewable energy solution in Odisha for aluminium smelting, combining wind, solar, and pumped hydro storage for stable, round-the-clock energy, Birla said.

The company is working on solutions in different areas, including EV mobility, renewable energy, energy storage, semiconductors, and high-end electronics, Birla said.

In auto, Hindalco is enabling lighter, more fuel-efficient, and EV-ready vehicles, and has helped design and manufacture lightweight battery enclosures for two-wheeler and cars, he said.

The company is setting up India's first Copper Foil facility for EVs, and also looking at high-speed transportation sector, Birla said, pointing that the first hyperloop test track has Hindalco's high-precision aluminium extrusions.

It is also developing hard alloy products for defence and working with ISRO on one-of-a-kind components for Chandrayaan and Mangalyaan.

Birla Copper is setting up India's first e-waste recycling plant, extracting and recycling metals from discarded devices, the head of the conglomerate said.

Hindalco runs 52 plants across the world and employs 47,000 people, Birla said.

Hindalco Industries Ltd is the metals flagship company of the Aditya Birla Group. A 26 billion dollar metals powerhouse, Hindalco is the world's largest aluminium company by revenues, and the world's second largest Copper rods manufacturer (outside China).

Recently, Hindalco Industries reported a 60% growth in its December quarter consolidated net profit to Rs 3,735 crore versus Rs 2,331 crore posted in the year-ago period. The revenue from operations in Q3FY25 stood at Rs 58,390 crore, up 11% from Rs 52,808 crore reported in the corresponding quarter of the last financial year.