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Hindalco aims to double capacity by investing $5 billion

07 Dec 2011 Evaluate

Hindalco Industries is aiming to double its capacities from the current levels in the next four-five years. In this regard, the company will invest about $5 billion. The company will raise the said amount through various options like, debt, project financing, bonds, local or external commercial borrowings etc.

The country’s largest Aluminium producer with annual capacity of 7.5 lakh tonne is in the process of expanding its Uttar Pradesh and Odisha plants. It is also setting up three green-field facilities -- one in Maharashtra and two in Jharkhand.

The company’s net profit for the second quarter jumped up by 15.84% at Rs 502.52 crore as compared to Rs 433.81 crore for the corresponding quarter of the previous year. The company’s total income increased moderately by 8.51% at Rs 6447.95 crore for the second quarter of the FY12 from Rs 5942.04 crore for second quarter of FY11.

Hindalco Share Price

1111.00 -14.75 (-1.31%)
05-Jun-2026 09:35 View Price Chart
Peers
Company Name CMP
Hindalco 1111.00
Vedanta 323.20
Hindustan Zinc 595.85
Jain Resource Recycl 347.20
Gravita India 1650.05
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