Aditya Birla Group chairman Kumar Mangalam Birla on March 20 announced Rs 45,000-crore investment plan for Hindalco for copper and aluminium segments.
In his keynote address at Hindalco Industries' launch of new brand identity, Birla said, "We are committing Rs 45,000 crore across the aluminium, copper and specialty alumina businesses to deliver both upstream and next-gen high precision engineered products to our customers."
Birla highlighted that the company is a global leader in aluminium, copper and specialty alumina. "Our primary aluminium production has expanded from a modest 20,000 tonnes in Renukoot to 1.3 million tonnes today, making us India’s largest fully integrated producer."
"...we are on track to surpass 1 million tonnes of refined copper production," he added.
Moreover, Birla said the company is moving to the next level to provide solutions in new fields such as EV mobility, renewable energy and semiconductors.
"... now, we are taking solutioneering to the next level— in EV mobility, renewable energy, energy storage, semiconductors, and high-end electronics. We are positioning ourselves as a provider of solution and a co-creator, collaborating with customers to bring the future forward," he said.
Moreover, the Aditya Birla group chairman said that the company is 'pioneering' metals that will drive India's EV revolution. "In battery materials, we are pioneering the metals that will drive India’s EV revolution."
He further said, "Our battery foil plant at Aditya and fabrication plant at Chakan are set to provide high-performance, sustainable alternatives to traditional automotive components especially for the EV industry. We are also setting up India’s first copper foil facility for EVs".
The industrialist also pointed out that Hindalco ha become a "mini conglomerate" in itself with 52 plants across 10 countries, producing a diverse portfolio of high-quality products that contribute to the global economy.
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