Hindalco to pump Rs 8 bn into Odisha plant for EV battery foil production
POWER & RENEWABLE ENERGY

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

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.

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.

Next Story
Infrastructure Urban

NACDAC PAT Rises 39%, Net Worth Doubles in FY25

NACDAC Infrastructure Limited has posted robust financial results for the fiscal year ended March 2025, with profit after tax (PAT) rising by 38.97 per cent year-on-year and net worth more than doubling. The company also reported a 33.84 per cent increase in revenue from operations, supported by operational efficiency, strategic project execution, and expansion across sectors and regions.In FY25, NACDAC recorded:Revenue from operations of Rs 485.8 million (up from Rs 362.97 million in FY24)EBITDA of Rs 67.6 million (up 31.93 per cent YoY)PAT of Rs 41.4 million (up from Rs 29.8 million in FY24)..

Next Story
Infrastructure Urban

Tata Communications Boosts Asia Connectivity With New Subsea Cable

Tata Communications, a global leader in communications technology, has announced the integration of the TGN-IA2 submarine cable system into its existing network. Developed by the Asia Direct Cable (ADC) consortium, the new cable represents a major advancement in network capacity, speed, and reliability for businesses across Asia and beyond.The TGN-IA2 cable is designed to deliver seamless connectivity, scalable bandwidth, and high-capacity data transfer across multiple routes. It will benefit enterprises, hyperscalers, and service providers by offering diverse and resilient connectivity throug..

Next Story
Infrastructure Urban

L&T Wins Water Projects in Rajasthan Worth Over Rs 1 Billion

Larsen & Toubro’s Water & Effluent Treatment (WET) business has secured major engineering, procurement and construction (EPC) orders from the Public Health Engineering Department of Rajasthan, aimed at improving water access and infrastructure across rural areas of the state.The largest order is for the Rajasthan Rural Water Supply and Fluorosis Mitigation Project – Phase II, Package-1, which includes the supply and installation of 5,251 km of transmission and distribution pipelines, construction of 38 ground-level reservoirs with a combined capacity of 40 million litres (ML), 20 p..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?