Hindalco to Invest $10 Billion in Expansions, Says KM Birla
ECONOMY & POLICY

Hindalco to Invest $10 Billion in Expansions, Says KM Birla

Hindalco Industries is set to invest approximately $10 billion in its ongoing expansion projects, according to KM Birla, Chairman of the Aditya Birla Group. This substantial capital expenditure is aimed at enhancing the company's global footprint and operational capabilities.

The investment will support Hindalco's strategic initiatives across various sectors, including aluminium and copper production. The expansion plans involve upgrading existing facilities, developing new production units, and advancing technological capabilities. This move is expected to bolster the company?s competitive edge and reinforce its position in the global market.

KM Birla emphasised that this significant investment is crucial for driving Hindalco's growth trajectory and ensuring long-term sustainability. The expansions are designed to meet rising demand and capitalise on emerging opportunities in the metals industry.

As part of its growth strategy, Hindalco is also focusing on sustainability and innovation. The new investments will facilitate the implementation of cutting-edge technologies and environmentally friendly practices, aligning with global trends towards greener and more efficient industrial processes.

This ambitious capex plan highlights Hindalco?s commitment to enhancing its market presence and operational excellence, positioning the company for continued success in the evolving global landscape.

The 14th RAHSTA Expo, part of the India Construction Festival, will be held on October 9 and 10, 2024, at the Jio Convention Centre in Mumbai. For more details, visit: https://rahstaexpo.com

Hindalco Industries is set to invest approximately $10 billion in its ongoing expansion projects, according to KM Birla, Chairman of the Aditya Birla Group. This substantial capital expenditure is aimed at enhancing the company's global footprint and operational capabilities. The investment will support Hindalco's strategic initiatives across various sectors, including aluminium and copper production. The expansion plans involve upgrading existing facilities, developing new production units, and advancing technological capabilities. This move is expected to bolster the company?s competitive edge and reinforce its position in the global market. KM Birla emphasised that this significant investment is crucial for driving Hindalco's growth trajectory and ensuring long-term sustainability. The expansions are designed to meet rising demand and capitalise on emerging opportunities in the metals industry. As part of its growth strategy, Hindalco is also focusing on sustainability and innovation. The new investments will facilitate the implementation of cutting-edge technologies and environmentally friendly practices, aligning with global trends towards greener and more efficient industrial processes. This ambitious capex plan highlights Hindalco?s commitment to enhancing its market presence and operational excellence, positioning the company for continued success in the evolving global landscape.

Next Story
Infrastructure Energy

Gujarat Powers Ahead with Solar Energy

Gujarat is emerging as a leader in India’s solar energy sector, with an installed capacity of 14.7 GW, making it the second-highest solar capacity state in the country. The state's total renewable energy capacity stands at 27.8 GW, and ambitious plans aim to add 31.9 GW of solar-wind hybrid projects. These details were shared by Arun Mahesh Babu, Managing Director of Uttar Gujarat Vij Company Limited (UGVCL) and Gujarat Power Corporation Limited (GPCL). Babu highlighted Gujarat’s solar and wind energy projects, which are instrumental in helping India meet its national target of 500 GW of ..

Next Story
Infrastructure Energy

UK Shuts Last Coal Plant as India Maintains Coal in Energy Mix

As the UK officially closed its last coal power plant signaling its exit from coal-based energy, policy experts in India emphasized that coal will remain part of India's energy mix for the foreseeable future. While developed nations like the UK are moving towards coal-free energy systems by 2040, India faces unique challenges as a developing country with substantial energy demands. The UK's closure of its last coal plant marks a significant moment in energy history, as the country had been one of the pioneers of coal power since 1882. According to global energy think tank Ember, more than a th..

Next Story
Infrastructure Urban

NCLAT Clears Supertech to Resume Work on Doon Square in Dehradun

The National Company Law Appellate Tribunal (NCLAT) has granted approval for Supertech to resume construction of its Doon Square project in Dehradun. This decision follows the submission by Supertech that the lender, co-developer, and homebuyers had all accepted its proposal to complete the stalled project. The approval paves the way for the project’s completion within 515 days, or just over one year and four months. Out of the 750 planned units, only 150 studio apartments have been delivered, with the remaining awaiting completion. Supertech’s proposal, submitted to NCLAT, was accepted by..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000