Hindalco to pump Rs 8 bn into Odisha plant for EV battery foil production

13 Dec 2023 CW Team

Hindalco Industries, a major player in the aluminum industry, is set to invest Rs 8 billion in a new plant in Odisha, India, with the primary goal of producing 25,000 tonnes of aluminum foil for electric vehicle (EV) batteries. This strategic move reflects Hindalco's commitment to meeting the increasing demand for materials crucial to the electric mobility sector. The investment underscores the company's recognition of the pivotal role aluminum foils play in EV batteries, which are essential for the sustainable growth of the automotive industry.

The new facility in Odisha will leverage advanced technologies to manufacture high-quality aluminum foils tailored specifically for EV applications. This investment aligns with India's broader push towards electric mobility and the government's initiatives to promote clean and sustainable transportation solutions. By expanding its production capacity for EV-related materials, Hindalco aims to contribute to the growth of the electric vehicle market and support the country's transition to greener transportation alternatives. The investment in the Odisha plant not only positions Hindalco as a key player in the evolving electric mobility ecosystem but also emphasises the significance of strategic investments in driving sustainable practices across industries.

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