Hindalco Expands Aluminium, Copper Capacity with $5 Billion Investment
Hindalco Industries, a prominent global player in aluminium and copper production, is set to make a significant investment of $4-5 billion over the next three years as part of its expansion strategy. This investment will be directed towards enhancing the company’s production capacity to meet the increasing global demand for both aluminium and copper. Hindalco’s strong operational performance in the second quarter of this fiscal year has been a key driver of this growth, with the company focusing on improving operational reliability and cost efficiency. This has paved the way for an ambitious upstream expansion, which includes the establishment of multiple new production facilities. These facilities will comprise a state-of-the-art aluminium smelter, an alumina refinery, a copper smelter, and a copper recycling plant. The expansion is designed not only to boost Hindalco’s production but also to strengthen its position in the global metals market. The company’s profitability has also witnessed an upward trajectory, largely due to the strong performance of its operations in India, which continues to be a core pillar of Hindalco’s business. This expansion aligns with Hindalco’s broader strategy to meet rising demand, diversify its product offerings, and capitalize on emerging growth opportunities in the metals sector.