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Hindalco Industry to invest in aluminum capacity
 
Hindalco Industry to invest in aluminum capacity
Rs 12,000 crone to be invested in aluminia capacity and also to set up new facilities by Hindalco Industries .Companys investment includes a brownfield expansion of its aluminia at Muri,Jharkhand,from 1.1 lakh tonnes to 4.5 lakh tonnes,and at Belgaum,Karnataka , from3.5 lakh tonnes to 6.5 lakh tonnes. Browfield expansion of its aluminium facility at Hirakud,Orissa,will raise capacity from 65,000 tonnes to 1.46 lakh tonnes with captive power units. The expansion plans are in line to capture the growing demand for aluminium in India and the overseas market.The company Hindalco is making 55% equity investment in Utkal Aluminia Intl,a JV company with Alcan Inc for a 1-1.5 million tonne aluminia plant in Orissa and in Aditya Aluminium with an aluminia capacity of 1 million tonnes and aluminium capacity of 2.8 lakh tonnes.
Posted On : 10/6/2005 12:10:11 PM

 
 
 
Hindalco Industry to invest in aluminum capacity