DBT Bureau
Pune, 27 Jan 2026
Hindalco Industries Ltd, the metals flagship of the Aditya Birla Group, reported a major expansion of its aluminium operations in Odisha. The company flagged a ₹21,000-crore, 3.6 lakh-tonne-per-annum smelter expansion at its Aditya Aluminium complex in Sambalpur and commissioned a 1.7 lakh-tonne-per-annum Flat Rolled Products (FRP) and battery-grade aluminium foil manufacturing facility with an investment of ₹4,500 crore. The projects were inaugurated by the Chief Minister of Odisha, Mohan Charan Majhi.
These projects are a major step in indigenising critical raw materials for lithium-ion batteries in India, supporting the electric mobility and energy storage ecosystem, while enhancing domestic capabilities in high-grade aluminium products. The battery-grade aluminium foil facility—India’s first of its kind—draws input directly from the FRP complex and is designed to support up to 100 GWh of lithium-ion cell manufacturing capacity.
These projects form part of Hindalco’s broader growth capital expenditure programme, with around ₹37,000 crore planned for Odisha across upstream and downstream aluminium operations. The Odisha investments are a significant component of the company’s overall growth capex of ₹55,000 crore across India.
Hindalco is India’s largest flat rolled products player, accounting for over 50% of the domestic market. With nearly 40% of flat-rolled aluminium currently imported into India, the expanded FRP capacity is expected to reduce import dependence by nearly half, supporting domestic manufacturing and improving India’s competitiveness in high-grade aluminium products. The smelter expansion at Aditya Aluminium will also mark a step forward in energy transition, with a portion of its power requirement planned to be met through round-the-clock renewable energy (RE-RTC), integrating sustainability considerations into large-scale industrial growth.
Hindalco’s share price rose by about 7.49%, increasing from ₹895 on January 1, 2026, to ₹962 at today’s close.
Disclaimer: This information is for educational purposes only. Please consult your financial advisor before investing in stocks.
