Hindalco Industries surges on plans for Battery Foil Plant in Odisha
ECONOMY & POLICY

Hindalco Industries surges on plans for Battery Foil Plant in Odisha

Hindalco Industries witnessed a surge of over 3% in its shares, reaching a 52-week high of Rs 538.50 on December 12, following the company's announcement of establishing a battery foil manufacturing facility in Odisha.

The company is set to invest up to Rs 800 crore in the new battery foil plant, slated for commissioning by July 2025. The initial production target for the plant is 25,000 tonnes of the resilient product crucial for Lithium-ion and Sodium-ion cells.

Strategically located alongside a 25 MW solar power plant, the factory can tap into additional solar energy from a 400 KV National Grid connection. This initiative aligns with the government's green agenda, aiming to reduce carbon emissions and foster sustainable growth.

Hindalco Industries' move to establish the battery foil manufacturing plant is in sync with its broader strategy to capitalise on the burgeoning electric vehicle (EV) market. The company is actively collaborating with original equipment manufacturers (OEMs) to co-develop critical components such as battery enclosures, motor housings, busbars, structural and safety components, and lightweight load bodies. Many of these components are being designed and developed for the first time in India.

Satish Pai, Managing Director of Hindalco Industries, highlighted the rising demand for battery materials driven by the optimistic outlook for the electric vehicle and grid storage sectors. Emphasising the importance of localising raw materials in strategic sectors, Pai stated that the investment in the new battery foil mill is a significant step toward building a self-reliant India.

The new plant will augment the company's manufacturing capacity for high-quality aluminum foil, essential for rechargeable batteries, to cater to the rapidly expanding market for electric vehicles (EVs) and energy storage systems.

Hindalco Industries witnessed a surge of over 3% in its shares, reaching a 52-week high of Rs 538.50 on December 12, following the company's announcement of establishing a battery foil manufacturing facility in Odisha. The company is set to invest up to Rs 800 crore in the new battery foil plant, slated for commissioning by July 2025. The initial production target for the plant is 25,000 tonnes of the resilient product crucial for Lithium-ion and Sodium-ion cells. Strategically located alongside a 25 MW solar power plant, the factory can tap into additional solar energy from a 400 KV National Grid connection. This initiative aligns with the government's green agenda, aiming to reduce carbon emissions and foster sustainable growth. Hindalco Industries' move to establish the battery foil manufacturing plant is in sync with its broader strategy to capitalise on the burgeoning electric vehicle (EV) market. The company is actively collaborating with original equipment manufacturers (OEMs) to co-develop critical components such as battery enclosures, motor housings, busbars, structural and safety components, and lightweight load bodies. Many of these components are being designed and developed for the first time in India. Satish Pai, Managing Director of Hindalco Industries, highlighted the rising demand for battery materials driven by the optimistic outlook for the electric vehicle and grid storage sectors. Emphasising the importance of localising raw materials in strategic sectors, Pai stated that the investment in the new battery foil mill is a significant step toward building a self-reliant India. The new plant will augment the company's manufacturing capacity for high-quality aluminum foil, essential for rechargeable batteries, to cater to the rapidly expanding market for electric vehicles (EVs) and energy storage systems.

Next Story
Infrastructure Urban

ClickPost Launches Atlas to Benchmark E-commerce Logistics

ClickPost, a leading logistics intelligence platform, has launched Atlas, a subscription-based benchmarking tool designed to transform how e-commerce brands strategise logistics. Powered by ClickPost’s proprietary network, which processes over 50 million shipments each month, Atlas enables brands to benchmark key operational metrics in real time against industry peers and standards.Unlike traditional dashboards, Atlas delivers comparative insights—from fulfilment speeds, RTO rates and average order values to city-level delivery times and sales data—allowing brands to identify operational..

Next Story
Real Estate

Kalyani Launches Two New LivingTree Towers in Bengaluru

Bengaluru-based Kalyani Developers has announced the launch of Towers 3 and 4 at its flagship residential project, Kalyani LivingTree, located in KIADB Aerospace Park. The expansion adds 525 premium 3BHK apartments, ranging from 1300 to 1600 sq ft, and over 7.5 lakh sq ft of built-up area. Prices start from Rs 1.2 crore.These towers, the most exclusive in Phase 1, offer uninterrupted pool and landscape views, and access to over 60 lifestyle amenities, two clubhouses totalling 1 lakh sq ft, and more than 80 per cent open space.LivingTree spans 25 acres and will comprise ten towers of 23–24 fl..

Next Story
Infrastructure Urban

Blue Water Logistics IPO opens May 27

Hyderabad-based Blue Water Logistics is launching its Rs 40.5 crore IPO on May 27, 2025, which will remain open for subscription until May 29. The price band has been set at Rs 132 to Rs 135 per share, with a lot size of 1,000 shares. This is a book-built issue entirely comprising a fresh issue of 30 lakh equity shares. The IPO will be listed on the NSE Emerge platform.Smart Horizon Capital Advisors is the sole book-running lead manager, while Maashitla Securities will act as the registrar. The anchor book will open on May 26, 2025. The IPO allocates 8,35,000 shares to anchor investors, 1,56,0..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?