Hindalco Industries has invested INR 180 billion in India during FY25, its highest annual capital expenditure in nearly a decade, and reiterated a USD 10 billion investment plan over the next five years across operations in India and through its subsidiary Novelis.
Chairman Kumar Mangalam Birla said the strategy is to strengthen both upstream and downstream businesses, with the next phase focused on accelerated upstream expansion alongside downstream growth.
In copper, Hindalco is expanding its Dahej smelter by 300,000 tonnes per annum (tpa). The company said the project would make Dahej one of the largest copper smelting complexes outside China once completed. On the downstream side, Hindalco is ramping up a new copper tubes plant and developing an e-waste and copper recycling facility at Pakhajan.
In aluminium, the company plans a 180,000 tpa expansion at the Aditya smelter, a 360,000 tpa expansion at the Mahan smelter, and a greenfield alumina refinery with a capacity of 850,000 tpa.
In battery materials, Hindalco’s new battery foil plant is scheduled to begin operations in 2025, aimed at supporting demand for energy storage in e-mobility and renewable sectors.
Through Novelis, the company is progressing on the USD 4.1 billion Bay Minette rolling and recycling project in the United States, which is scheduled for commissioning in the second half of calendar year 2026. Novelis is also advancing its 3×30 Vision to raise recycled content in its products from 63 percent to 75 percent by 2030.
Hindalco Industries, part of the Aditya Birla Group, produces aluminium and copper, with operations spanning upstream mining and refining to downstream rolled products, extrusions and foils. Its subsidiary Novelis operates in North America, South America, Europe and Asia.
