Hindalco to spend $10 billion on expanding operations in India and US: KM Birla

Hindalco Industries plans to invest $10 billion in expanding its capacities across India and its US subsidiary Novelis Inc, as announced by chairman Kumar Mangalam Birla. The projects include expansions in aluminium and copper smelters, a new alumina refinery, and the Bay Minette plant. These efforts align with India's development goals, focusing on urbanization, digital life, clean energy, and e-mobility. Hindalco aims to cater to the nation's growing infrastructure needs, including electric vehicles and solar energy, with substantial investments in Odisha and Gujarat.