Hindalco Industries, which is a part of the Aditya Birla Group, is planning a big enlargement with investments totaling $10 billion. Addressing the annual basic assembly, Chairman Kumar Mangalam Birla gave a quick of the initiatives lined up, together with expansions in aluminum and copper smelters, the Aditya FRP plant, a brand new alumina refinery in Rayagada, and the Bay Minnette enlargement in Novelis.
Hindalco is contemplating a brownfield enlargement of roughly 200,000 tonnes at its Aditya Aluminium smelter in Odisha, with a good portion of the ability necessities to be met by way of renewable power sources, Birla mentioned in his speech.
Birla mentioned: “Our expansions throughout the India enterprise and Novelis, will entail investments of $10 billion for ongoing initiatives in addition to those envisioned within the near-term.”
He added, “This consists of the aluminium and copper smelter expansions, the Aditya FRP plant, the brand new alumina refinery in Rayagada, and the Bay Minnette enlargement in Novelis.”
Birla mentioned: “Hindalco additionally has plans to increase its copper smelting capability and is exploring organising a brownfield facility in Gujarat to fulfill the rising wants of the nation for this crucial metallic.”
On greening of aluminium and copper initiatives, Birla famous: “Hindalco is dedicated to pioneering the inexperienced transition in India whereas enabling India’s development aspirations. This is able to imply taking massive, daring steps throughout our operations — from upstream to downstream.”
The primary part of 850,000 tonnes is anticipated to be commissioned in FY27. He additionally highlighted Hindalco can also be evaluating an almost 200,000 tonne-brownfield enlargement at its Aditya Aluminium smelter in Odisha.
On the Bay Minnette venture, Birla mentioned: “We’ve got already secured long-term contracts for all the brand new beverage packaging capability at this plant, which is anticipated to start commissioning within the second half of calendar 12 months 2026.”
Birla anticipated India’s aluminium consumption — which was at 5 million tonnes in FY24 — to double to roughly 10 million tonnes over the following decade.
He added, “We anticipate copper consumption to develop by 10% over the following few years.”
On the corporate’s capital allocation technique, Birla mentioned, “Hindalco continues to execute its well-structured capital allocation plan, directing free money movement in the direction of natural development and dividend distribution. Regardless of repaying Rs 5,195 crore of debt within the Hindalco India enterprise throughout the 12 months, Hindalco maintained a robust steadiness sheet and stable liquidity. This positions us nicely to drive our future natural development plans by way of prudent capital allocation.”
Hindalco reported a 25% enhance in Q1 web revenue to Rs 3,074 crore in comparison with the earlier 12 months, falling in need of the expectations from analysts and buyers. The income from the copper enterprise reached Rs 13,292 crore, displaying a development of 15.6%, attributed to elevated shipments and realization. Moreover, the income from the aluminium upstream and downstream sectors rose by 9.6% and 18%, respectively, as declared by the corporate.
