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Hindalco planning to expand capacity at downstream mill in Odisha

17 Oct 2017 Evaluate

Hindalco Industries is planning to expand capacity of its downstream mill at Hirakud in western Odisha to 3,75,000 tonnes from 1,35,000 tonnes per annum. In this regards, the company will invest Rs 4,000 crore.

The company is looking for 100 acres of contiguous land to complete the expansion. Most of the products manufactured at the Hirakud FRP are exported.

Hindalco Industries is an industry leader in aluminium and copper. The company’s aluminium units across the country encompass the entire gamut of operations from bauxite mining, alumina refining, aluminium smelting to downstream rolling, extrusions, foils and alloy wheels, along with captive power plants and coal mines.

Peers
Company Name CMP
Hindalco Industries 885.60
Vedanta 234.90
Hindustan Zinc 517.00
Jain Resource Recycl 274.80
CMR Green Tech 198.80
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