Hindalco announces new battery foil unit, plans to invest Rs 800 crore
Aditya Birla Group flagship company Hindalco Industries announced an investment of Rs 800 crore to set up a battery foil manufacturing facility in Odisha.
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Aditya Birla Group flagship company Hindalco Industries announced an investment of Rs 800 crore to set up a battery foil manufacturing facility in Odisha.
Odisha Mining Corporation (OMC) signed a Memorandum of Understanding (MoU) with Hindalco Industries for providing long term raw material linkage for its refinery project at Kansariguda in Rayagada district.
To pay down debt and concentrate on its core industries, Hindalco Industries would sell a piece of property in Maharashtra for 595 crore. A shareholder vote is required to approve the transaction.