Hindalco's Strategic EV Component Expansion with Major Investment

Hindalco, part of the Aditya Birla Group, plans major investments, including an INR 850 crore battery foil unit and new facilities in Odisha and Silvassa. It recently entered the EV components sector with an INR 500 crore facility in Pune and aims to build a new plant in Gujarat. With INR 45,000 crore earmarked for expansion across aluminium, copper, and alumina, the company targets downstream operations to generate 30–40% of EBITDA in 3–4 years.