Hindalco Industries, a Aditya Birla group company, has plans to double its capacities with an investment outlay of over $ 5 billion. The company aims to more than double its capacity from the current levels in the next four-five years. Without coal blocks, the company will not put up a power plant and without a power plant, the company will not put up smelter. So, the starting point is bauxite mine and then coal mine. If the company gets these two, the company will certainly go ahead (with expansion).
The country's largest Aluminium producer with annual capacity of 7.5 lakh tonnes is in the process of expanding its Uttar Pradesh and Odisha plants. It is also setting up three greenfield facilities -- one in Maharashtra and two in Jharkhand. The company's 3.6 lakh tonne annual capacity plant in Madhya Pradesh is expected to commence production in 3-5 weeks. As there were delays in obtaining forest clearances for its coal blocks meant for power plants, the company decided to buy coal from other sources.
