Hindalco Industries jumps on planning to set up battery foil manufacturing facility in Odisha

Hindalco Industries Ltd. | Metal - Non Ferrous | Metals & Mining | BSE: 500440 | NSE: HINDALCO

12 Dec 2023 Evaluate

Hindalco Industries is currently trading at Rs. 534.90, up by 12.40 points or 2.37% from its previous closing of Rs. 522.50 on the BSE.

The scrip opened at Rs. 524.35 and has touched a high and low of Rs. 538.70 and Rs. 522.20 respectively. So far 273698 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 538.70 on 12-Dec-2023 and a 52 week low of Rs. 381.00 on 20-Mar-2023.

Last one week high and low of the scrip stood at Rs. 538.70 and Rs. 514.05 respectively. The current market cap of the company is Rs. 120158.67 crore.

The promoters holding in the company stood at 34.64%, while Institutions and Non-Institutions held 53.02% and 8.66% respectively.

Hindalco Industries is planning to significantly expand its manufacturing capacity of fine-quality aluminium foil that is used in rechargeable batteries to serve the rapidly growing market for electric vehicles (EVs) and energy storage systems. The company is investing Rs 800 crore to build a new plant near Sambalpur in Odisha that will initially produce 25,000 tonnes of the resilient product which forms the backbone of Lithiumion and Sodium-ion cells.

By 2030, demand for battery grade aluminium foil in India is expected to grow manifold to 40,000 tonnes, primarily driven by mushrooming growth in gigafactories for advanced cell manufacturing. Hindalco has already achieved the technology breakthrough of manufacturing fine quality battery foils at its Mouda unit in Maharashtra. The Mouda unit is currently in the process of qualifying with Lithium-ion cell manufacturers in India, Europe and the United States. The new unit in Odisha will further augment capability to supply material to Gigafactories across the world.

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.

Hindalco Share Price

1021.40 -2.35 (-0.23%)

12-Jun-2026 16:59 View Price Chart

Peers

Company Name	CMP
Hindalco	1021.40
Vedanta	309.50
Hindustan Zinc	559.85
Jain Resource Recycl	326.40
CMR Green Tech	252.00
View more..

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