Hindalco to expand Odisha ops, plans to invest 37k cr

Mumbai: Hindalco Industries is doubling down on Odisha as it scales up its aluminium ambitions. The metals flagship of the Aditya Birla Group will invest Rs 37,000 crore in the eastern state, marking one of its largest capacity additions in recent times.

The company plans to expand its aluminium smelter facility in Sambalpur and set up a flat-rolled products (FRP) and battery-grade aluminium foil manufacturing plants at the site. Additionally, it will establish an alumina refinery in Rayagada and develop two greenfield coal mining projects in Sundargarh.The Odisha investment forms a significant component of Hindalco’s overall growth capex of Rs 55,000 crore across India.

Of this, Rs 21,000 crore will be invested to double the aluminium smelter capacity at Sambalpur to 7.2 lakh tonnes annually. Another Rs 4,500 crore will go towards establishing a 1.7 lakh tonnes FRP facility and a 25,000-tonne aluminium foil plant at the same location. The balance Rs 11,500 crore will be allocated to the alumina refinery in Rayagada and the coal mining projects in Sundargarh.“India’s manufacturing growth depends on integration, value addition and sustainability,” said Aditya Birla Group chairman Kumar Mangalam Birla. “Through Hindalco, we are building a fully integrated aluminium ecosystem that spans from upstream resources to high-value downstream products. Our long-standing partnership with Odisha continues to play an important role in this journey.” Hindalco is India’s largest FRP player, accounting for over 50% of the domestic market.