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

Real Estate

09 Mar 2026

Hindware Introduces Starc Smart Wall Mount Toilet

Hindware has introduced the Starc Smart Wall-Mount Toilet under its Hindware Italian Collection, designed to combine automation, hygiene and contemporary bathroom aesthetics. The model features automatic flushing, sensor-based seat opening and closing, and remote-controlled functions. It also includes an oscillating water spray and warm air dryer for cleaning, along with a self-cleaning nozzle designed to maintain hygiene. Additional features include adjustable heated seating, customisable water temperature and pressure settings, a foot-touch flush system and an LCD control interface. The wa..

Company showcases North America-certified machinery and secures new deals

Zoomlion Heavy Industry Science & Technology Co., recently showcased a wide portfolio of North America-certified and customised construction equipment at CONEXPO-CON/AGG 2026 in Las Vegas. The display included engineering hoisting machinery, concrete equipment, earthmoving machinery, mining equipment and construction hoisting solutions tailored to regional operational requirements.All equipment presented at the exhibition complies with North American certification standards, with several models specifically developed to meet local regulatory requirements and site conditions. One of the hig..

Sinoboom Launches Dual-ETM Smart Technology

Sinoboom recently introduced its Dual-ETM Smart Technology at CONEXPO-CON/AGG 2026, designed to enhance battery endurance and operational efficiency in electric boom lifts.The new technology integrates advanced components that enable real-time optimisation of power usage during equipment operation. By calculating the precise power requirement instantly, the system delivers only the energy needed for each movement, reducing the inefficiencies associated with conventional maximum-demand power systems.The solution incorporates multiple sensors—including pressure, weight, length and level sensor..