Hindalco to Invest Up to Rs 80 Billion in FY25 Capex

28 May 2025 CW Team

Hindalco Industries has planned capital expenditure of Rs 75–80 billion for the current financial year, as disclosed in a regulatory filing. Managing Director Satish Pai noted during the Q4 earnings call that this year’s capex guidance ranges between Rs 75 billion and Rs 80 billion.

For the previous fiscal year, the company had spent Rs 65 billion on capital expenditure. Pai added that guidance for the next year will be available by the third quarter, as upstream projects begin to take shape.

In the March 2025 quarter, consolidated net profit rose by sixty-six per cent to Rs 52.84 billion, up from Rs 31.74 billion in the year-ago period. Revenue from operations increased to Rs 648.90 billion from Rs 559.94 billion.

For the full year ended March 2025, net profit reached Rs 160.02 billion, rising from Rs 101.55 billion in FY24. Full-year revenue rose to Rs 2,384.96 billion, compared to Rs 2,159.62 billion last year.

Hindalco, a Rs 2,338 billion metals firm, is the world’s top aluminium company by revenue and the second-largest copper rods producer outside China. It operates across the full value chain, supported by its subsidiary Novelis.

Infrastructure Urban

13 Oct 2025

Daikin Boosts Haryana’s Innovation Push with Rs 10 billion R&D Plan

Japanese multinational Daikin Industries has committed an investment of Rs 10 billion to set up a new research and development centre in Haryana. The proposed facility will focus on advanced technologies and sustainable industrial solutions, marking a significant boost to the state’s innovation and industrial ecosystem. The announcement follows the signing of a Memorandum of Understanding (MoU) in Osaka, Japan, during a visit by a Haryana government delegation held from October 6 to 8. The MoU was signed by Amit Kumar Agrawal, Commissioner and Secretary, Industries and Commerce Department, ..

Lloyds Metals to Build Rs 250 billion Steel Plant in Gadchiroli

Lloyds Metals & Energy Limited (LMEL) has announced an investment of Rs 250 billion aimed at transforming Gadchiroli in Maharashtra from a region once associated with the red corridor into a key industrial and growth hub. The company’s plans are centred on establishing an integrated steel production ecosystem, which will contribute significantly to regional development and employment. As part of its expansion strategy, LMEL is setting up a 4.5-million-tonne blast furnace in Gadchiroli, scheduled for completion by 2027–28, along with another 1.2-million-tonne facility in Chandrapur by 2029..

UPI Crosses 500 Million Users, Fuels MSME and Digital Growth

The Unified Payments Interface (UPI) has achieved a new milestone, surpassing 500 million consumers and 65 million merchants across India. The platform, developed by the National Payments Corporation of India (NPCI), has expanded its reach to nearly 99 percent of the country’s pin codes, underlining its deep penetration into both urban and rural markets. According to a report by NPCI and the Boston Consulting Group (BCG) launched during the Global Fintech Fest 2025, UPI has evolved from being a digital payments mechanism into a key enabler of financial inclusion and small business growth. I..