Hindalco to Invest Rs 150 Bn to Expand Aluminium Smelting
25 Feb 2025
2 Min Read
CW Team
Hindalco Industries, a flagship company of the Aditya Birla Group, has signed a Memorandum of Understanding (MoU) with the Madhya Pradesh government to invest Rs 150 billion over the next two years. The announcement was made at the Madhya Pradesh Global Investors Summit (GIS) 2025 in Bhopal, reinforcing the company鈥檚 commitment to industrial expansion in the state. Hindalco鈥檚 Managing Director, Satish Pai, confirmed the investment, stating that a significant portion will be allocated to a new aluminium smelting capacity, while the group will also open a large mine called Banda.
Hindalco already has a strong presence in Madhya Pradesh, with existing investments worth Rs 250 billion, primarily focused on its world-class aluminium smelter in Mahan, Singrauli district. The new investment aims to strengthen Hindalco鈥檚 operations, generate employment, and contribute to the local economy. Pai also addressed the impact of global trade policies, particularly in the United States, highlighting that Hindalco鈥檚 American subsidiary, Novelis, benefits from recent tariffs. He noted that Hindalco in India does not export aluminium to the US, making the overall impact neutral to positive for the company.
Beyond Hindalco, other Aditya Birla Group entities such as UltraTech Cement and Grasim鈥檚 Viscose Staple Fibre (VSF) division are also pursuing independent projects in Madhya Pradesh, further bolstering the group鈥檚 industrial footprint in the region. The Madhya Pradesh government has welcomed the investment, recognising it as a significant step towards positioning the state as a key hub for aluminium production and industrial development. The expansion is expected to create substantial employment opportunities and drive economic growth.
The GIS-2025 summit serves as a crucial platform for boosting Madhya Pradesh鈥檚 economy by attracting major investments and fostering strategic partnerships. With participation from leading industrialists, diplomatic representatives, and international trade organisations, the event is poised to solidify Madhya Pradesh鈥檚 status as a prime investment destination in India.
Hindalco Industries, a flagship company of the Aditya Birla Group, has signed a Memorandum of Understanding (MoU) with the Madhya Pradesh government to invest Rs 150 billion over the next two years. The announcement was made at the Madhya Pradesh Global Investors Summit (GIS) 2025 in Bhopal, reinforcing the company鈥檚 commitment to industrial expansion in the state. Hindalco鈥檚 Managing Director, Satish Pai, confirmed the investment, stating that a significant portion will be allocated to a new aluminium smelting capacity, while the group will also open a large mine called Banda.
Hindalco already has a strong presence in Madhya Pradesh, with existing investments worth Rs 250 billion, primarily focused on its world-class aluminium smelter in Mahan, Singrauli district. The new investment aims to strengthen Hindalco鈥檚 operations, generate employment, and contribute to the local economy. Pai also addressed the impact of global trade policies, particularly in the United States, highlighting that Hindalco鈥檚 American subsidiary, Novelis, benefits from recent tariffs. He noted that Hindalco in India does not export aluminium to the US, making the overall impact neutral to positive for the company.
Beyond Hindalco, other Aditya Birla Group entities such as UltraTech Cement and Grasim鈥檚 Viscose Staple Fibre (VSF) division are also pursuing independent projects in Madhya Pradesh, further bolstering the group鈥檚 industrial footprint in the region. The Madhya Pradesh government has welcomed the investment, recognising it as a significant step towards positioning the state as a key hub for aluminium production and industrial development. The expansion is expected to create substantial employment opportunities and drive economic growth.
The GIS-2025 summit serves as a crucial platform for boosting Madhya Pradesh鈥檚 economy by attracting major investments and fostering strategic partnerships. With participation from leading industrialists, diplomatic representatives, and international trade organisations, the event is poised to solidify Madhya Pradesh鈥檚 status as a prime investment destination in India.
Next Story
MoHUA Plans New Role for Smart City SPVs
In a significant policy move, the Ministry of Housing and Urban Affairs (MoHUA) has issued an advisory encouraging the continued use and repurposing of Special Purpose Vehicles (SPVs) formed under the Smart Cities Mission (SCM). This marks a step toward sustaining urban transformation by leveraging institutional capabilities and infrastructure developed over the past decade.Initiated in 2015, the Smart Cities Mission introduced a new era of urban planning in India, with each of the 100 selected cities forming SPVs under the Companies Act, 2013. These entities, jointly owned by state government..
Next Story
ADB Approves $110 Million Loan to Boost Skills in Gujarat
The Asian Development Bank (ADB) has approved a USD 109.97 million (Rs 9.27 billion) results-based loan to support Gujarat鈥檚 efforts to become a global industrial hub by developing a future-ready, skilled workforce.The funding will back the Gujarat skills development programme, led by the Department of Labour, Skill Development and Employment in collaboration with Kaushalya: The Skill University (KSU). The initiative aims to equip the workforce with advanced, industry-aligned skills to meet rising employment demand in high-growth sectors.According to ADB, the programme seeks to strengthen in..
Next Story
SDAL Tests Rudrastra UAV and Bhargavastra Defence System
Solar Defence and Aerospace Limited (SDAL) has successfully completed a key flight test of its indigenous Hybrid VTOL UAV Rudrastra at the Pokharan Firing Range, aligning with Indian Army performance benchmarks for mission adaptability, high endurance, precision engagement, and vertical take-off and landing (VTOL) capability.The trial marks a notable achievement in India鈥檚 Aatmanirbhar Bharat initiative, underscoring advancements in home-grown military technology. The Rudrastra UAV demonstrated a mission radius exceeding 50 km with uninterrupted video relay, a total operational range of over..
