According to Kumar Mangalam Birla, chairman of the Aditya Birla Group, Hindalco plans to invest Rs 45,000 crore over the next three years in its copper, aluminum, and specialized alumina subsidiaries. The investment will be directed toward next-generation high-precision designed products and upstream operations.
While speaking at the launch of its new corporate identity, Birla highlighted Hindalco’s size and global reach, pointing out that the business has 52 plants spread across 10 countries.
One top executive stated that the capital expenditures are already being implemented, saying, “There is a lot of noise about private capital expenditures lagging in the country, but while many companies are announcing plans, we have already begun executing ours.”
Additionally, Hindalco is growing its footprint in the recycling of e-waste and renewable energy. “To recover and recycle metals from abandoned devices, Birla Copper is establishing the nation’s first e-waste recycling facility,” Birla stated.
The company is creating a 100 MW renewable energy solution for aluminum smelting that combines solar, wind, and pumped hydro storage to provide steady, 24-hour power. At the moment, Hindalco produces 200 MW of renewable energy, with plans to increase that amount to 350 MW.
Birla also emphasized the milestones of Hindalco’s expansion, from 20,000 tonnes of aluminum produced 65 years ago in Renukoot to 1.3 million tonnes now. About 82 billion beverage cans are recycled each year by its subsidiary Novelis, which has a 4.2 million tonne capacity and is the largest manufacturer of flat-rolled aluminum products worldwide.
The group’s copper division is expected to produce more than one million tonnes of refined copper and is now the second-largest producer of copper rods outside of China. In the meantime, Hindalco now produces 3.7 million tonnes of alumina, up from 3,000 tons previously.
