Hindalco Industries to invest $7.2 bn on aluminum business expansion

04 Apr 2022 CW Team

Over the next five years, Hindalco Industries Ltd plans to invest up to $7.2 billion in expanding its aluminum business, as global supply shortages and strong demand prospects push prices to unprecedented heights.

The billionaire Kumar Mangalam Birla's company will use the funds to expand its operations in India and North America. In an investor presentation, it informed that it has set aside $2.4 billion for its Indian aluminum operations over the next five years, with consumption expected to double in the next decade.

During that time, Novelis Inc will invest up to $4.8 billion in the United States, Brazil, Asia, and Germany, including some previously announced expansions.

Aluminum, which is used in everything from window frames to cans to auto parts, hit a new high above $4,000 a tonne earlier this month amid fears of a worsening shortage as a result of Russia's war in Ukraine. The Mumbai-based firm is increasing its primary aluminum capacity in India after maintaining it at 1.3 million tonnes for the past few years, predicting that prices will remain high due to supply constraints and strong demand.

Hindalco plans to increase the capacity of its Aditya Mahan smelter in India by 50,000 tonnes by March 2024. It said that, among other expansion plans, it is considering adding another 180,000 tonnes per year at the same location and establishing a 1 million tonne per year alumina refinery in Odisha.

India's aluminum consumption is expected to increase to around 8 million tonnes by March 2032, while copper consumption is expected to more than double during the same period, according to Hindalco.

According to the presentation, it has set aside $286 million for its copper business and $459 million for coal mine development in India as part of its expansion plans.

Image Source

Also read: Hindalco PAT hikes 95.7% to Rs 3,675 cr in Dec quarter FY21

Infrastructure Energy

17 Dec 2025

Vedanta Aluminium Uses 1.57 bn Units of Green Energy in FY25

Vedanta Aluminium, India’s largest aluminium producer, recently reported consumption of 1.57 billion units of renewable energy in FY25, marking a significant milestone in its 2030 decarbonisation roadmap. The company also achieved an 8.96 per cent reduction in greenhouse gas (GHG) emissions intensity compared to FY21, reinforcing its leadership in India’s low-carbon manufacturing transition. During FY25, Vedanta Aluminium expanded its renewable energy portfolio through long-term power purchase agreements, strengthening its strategy to source nearly 1,500 MW of renewable power over the lon..

Oberoi Group to Develop Luxury Resort at Makaibari Tea Estate

EIH Limited, the flagship company of The Oberoi Group, has announced the signing of a management agreement to develop an Oberoi luxury resort at the iconic Makaibari Tea Estate in Darjeeling. The project marks a key milestone in the Group’s long-term strategy of creating distinctive hospitality experiences in rare and environmentally significant locations. Established in 1859, Makaibari is one of the world’s oldest tea estates and is globally recognised for its Himalayan landscape, primary forests and exceptional biodiversity. Spread across 1,236 acres, the estate houses one of the world�..

GHV Infra Secures Rs 1.09 Bn EPC Order in Jamshedpur

GHV Infra Projects Ltd, a fast-growing EPC company in India’s infrastructure and construction sector, has recently secured a Rs 1.09 billion work order in Jamshedpur, Jharkhand. Awarded by a reputed group entity, the contract covers end-to-end civil construction, mechanical, electrical and plumbing (MEP) systems, along with high-quality finishing works for a large building development. The project will be executed over a 30-month period, with defined benchmarks for quality, safety and timely delivery. The order strengthens GHV Infra’s footprint in Jamshedpur, a key industrial hub known fo..