Shares of Hindalco are likely to remain in focus after Aditya Birla Group chairman Kumar Mangalam Birla announced a substantial investment plan of Rs 45,000 crore across its aluminium, copper, and specialty alumina businesses. The announcement was made during the unveiling of Hindalco’s new brand identity on March 20.
Birla stated that the investment will support the development of both upstream and next-generation, high-precision engineered products, aiming to further strengthen the company’s leadership in the global metals space. “We are committing Rs 45,000 crore across the aluminium, copper and specialty alumina businesses to deliver both upstream and next-gen high precision engineered products to our customers,” he said.
Highlighting Hindalco’s journey, he noted that the company has evolved into India’s largest fully integrated aluminium producer, with output growing from 20,000 tonnes at Renukoot to 1.3 million tonnes today. On the copper front, he said the firm is on track to surpass 1 million tonnes of refined copper production.
As the company aims to enter high-growth sectors, Birla said Hindalco is taking its ‘solutioneering’ approach to the next level in segments like electric vehicle mobility, renewable energy, energy storage, semiconductors, and high-end electronics.
Among the key initiatives, Hindalco is setting up India’s first copper foil facility for EVs, along with a battery foil plant at Aditya and a fabrication plant at Chakan. These facilities are expected to provide high-performance, sustainable alternatives to traditional automotive components, reinforcing the company’s role in driving India’s electric mobility transition.
Birla further described Hindalco as a “mini conglomerate” with 52 plants across 10 countries, contributing a wide portfolio of high-quality products to the global economy.
As of 9:26 am the shares were trading 0.21% lower at ₹704.45 on NSE.
