Hindalco Industries to invest Rs 10,000 cr in Hirakud, Silvassa and Mundra plants
Hindalco Industries to invest Rs 10,000 cr in Hirakud, Silvassa and Mundra plants

Aditya Birla Group conglomerate Hindalco Industries plans to invest approximately Rs 8,000-10,000 crore in the Hirakud, Silvassa and Mundra factories. The investment will be to expand the flat rolling capacity in Hirakud, Odisha, the new Silvassa extrusion plant in Dadra and Nagar Haveli, and in a greenfield site in Mundra in Gujarat with a recycling facility, Hindalco said in its 2020-21 annual report.

Stating that the company is planning to expand its aluminium downstream business with a focus on value-added products (VAP) over the next three-seven years, Hindalco said its products would cater to customised requirements for varied and complex applications of aluminium. The Hirakud plant capacity for flat-rolled products is estimated to be 3,40,000 tonne per annum. The planned capacity of the extrusion plant at Silvassa is 34,000 tonne per annum, which would have three extrusion presses to service premium customers in building and construction, automobile and transport, electrical, consumer and industrial good sectors.

 In addition, the new extrusion and recycling unit at Mundra is awaiting land acquisition process and would have a capacity of 93,000 tonne per annum. "With the market segment presenting sizeable untapped opportunities, we are committed to deploying resources to transform this vertical into a future EBITDA growth driver," the company said.

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