Hindalco earmarks $2.5-3 billion capex for next five years

24 Aug 2021 CW Team

Hindalco Industries Limited, a subsidiary of Aditya Birla Group company, has earmarked capital expenditure (capex) of $2.5 to $3 billion on a consolidated basis over the next five years.

Hindalco Industries Chairman, Kumar Mangalam Birla, said the company is on track to execute organic growth projects involving a capital outlay of over $ 1 billion towards Utkal alumina expansion, specialty alumina projects, various aluminum and copper downstream expansions. In Novelis, the capex will be invested chiefly in auto-finishing line expansions in the United States and China and rolling and recycling capacity expansions in Brazil.

These investments will push the strategy of building a more predictable and resilient business model, Birla said.

The company had recorded a net profit of Rs 2,787 crore in the quarter ended June 30, against a net loss of Rs 709 crore in the same period last year, driven mainly by the higher realisation and better contribution by Novelis. Novelis reported an all-time high quarterly earnings before interest, taxes, depreciation, and amortisation

(EBITDA) of Rs 4,090 crore against Rs 1,919 crore due to an increase in innovative and sustainable aluminum products demand.

The last 18 months have been among the toughest times for the industry with an unprecedented passage of time that has tested the corporations' and individuals' resilience.

Through this unsettling period, it has been exciting to see how the Hindalco ecosystem developed and grew, he added.

Birla said companies need to look beyond short-term aims to ensure sustainable growth in the fast-changing world.

Image Source

Also read: JSW Infrastructure aims Rs 10,000 crore capex over five years

Also read: Coal India plans Rs 17,000 cr capital expenditure target in FY22

Real Estate

10 Nov 2025

Godrej Interio Powers Kerala Metro Projects

Interio by Godrej, a flagship furniture and turnkey solutions brand from the Godrej Enterprises Group, has expanded its presence in Kerala’s infrastructure development landscape by securing and executing projects worth more than ₹90 crore in Kochi. The portfolio includes a Rs 690 million Electrical & Mechanical (E&MVAC) work order from Kochi Metro Rail (KMRL) for Phase 2 of the Kochi Metro, along with the successful completion of a Rs 240 million design-and-build project for Kerala State Information Technology Infrastructure (KSITIL) at Kochi’s Infopark.Speaking on the milestone,..

Godrej Interio Powers Kerala Metro Projects

Interio by Godrej, a flagship furniture and turnkey solutions brand from the Godrej Enterprises Group, has expanded its presence in Kerala’s infrastructure development landscape by securing and executing projects worth more than ₹90 crore in Kochi. The portfolio includes a Rs 690 million Electrical & Mechanical (E&MVAC) work order from Kochi Metro Rail (KMRL) for Phase 2 of the Kochi Metro, along with the successful completion of a Rs 240 million design-and-build project for Kerala State Information Technology Infrastructure (KSITIL) at Kochi’s Infopark.Speaking on the milestone,..

Gartner Recognises Newgen as Niche Player

Newgen Software, a global provider of AI-enabled end-to-end automation solutions, announced that it has been recognized as a Niche Player in the 2025 Gartner® Magic Quadrant™ for Business Orchestration and Automation Technologies (BOAT). The recognition reflects Newgen’s ability to execute and the completeness of its strategic vision.The Gartner report evaluated 20 global vendors to guide enterprises in selecting the right business process automation platform. According to Gartner, BOAT is a unified software platform that enables enterprise-wide automation through capabilities such as pro..