Hindalco plans to invest Rs 45,000 crore in its aluminum, copper, and specialty alumina businesses, according to Kumar Mangalam Birla, chairperson of the Aditya Birla Group.
He shared this during an event on Thursday unveiling Hindalco's new brand identity, emphasising the company's aim to create a positive impact and its commitment to innovation.
The investment will focus on upstream operations and advanced, high-precision engineered products. Birla highlighted the role of aluminum, copper and alumina in solar panels and battery storage but did not specify the timeline for the investments.
Hindalco is also increasing its renewable energy capacity by 150 megawatts, bringing the total to 350 MW. The company has introduced a unique 100-MW renewable energy system in Odisha for aluminum smelting, combining wind, solar, and hydro storage for continuous energy supply.
Birla mentioned Hindalco's efforts in areas like electric vehicle mobility, renewable energy, energy storage, semiconductors, and high-end electronics.
In auto, Hindalco is enabling lighter, more fuel-efficient, and EV-ready vehicles, and has helped design and manufacture lightweight battery enclosures for two-wheelers and cars, he said.
The company is setting up India's first copper foil facility for EVs, and also looking at the high-speed transportation sector, Birla said, pointing that the first hyperloop test track has Hindalco's high-precision aluminium extrusions.
It is also developing hard alloy products for defence and working with ISRO on one-of-a-kind components for Chandrayaan and Mangalyaan.
Birla Copper is setting up India's first e-waste recycling plant, extracting and recycling metals from discarded devices, the head of the conglomerate said.
Hindalco runs 52 plants across the world and employs 47,000 people, Birla said.
(With PTI Inputs)
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