"Hindalco's Surge: 52-Week High on Odisha Battery Foil Unit Plan"

13 Dec 2023 CW Team

Hindalco Industries has witnessed a surge, reaching a 52-week high, following the announcement of its plans to establish a battery foil manufacturing unit in Odisha. This strategic move aligns with the company's commitment to expanding its presence in the electric vehicle (EV) and renewable energy sectors.

The proposed manufacturing unit in Odisha is poised to play a pivotal role in fulfilling the rising demand for battery foils, a crucial component in the production of lithium-ion batteries used in electric vehicles. Hindalco's venture into this segment reflects its anticipation of the growing market for EVs and renewable energy solutions in India.

The market response to Hindalco's announcement indicates investor enthusiasm for companies delving into the green energy sector. As the world shifts towards sustainable practices, Hindalco's strategic move positions it at the forefront of the evolving landscape, contributing to the country's efforts in achieving cleaner and more energy-efficient transportation solutions.

The 52-week high underscores investor confidence in Hindalco's strategic decisions and its role in shaping the future of sustainable energy. The establishment of the battery foil manufacturing unit is not only a significant business move for Hindalco but also a positive signal for India's progress towards a greener and more sustainable energy ecosystem.

Real Estate

05 Sep 2025

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..