Hindalco Industries Ltd.

Government is likely to cancel the approvals granted by it to Hindalco Industries for setting up of special economic zones (SEZ) as no work has been done to execute the projects. The Development Commissioners (DC) has recommended to the Board of Approval (BoA) to cancel this SEZ project. The formal approval had been granted to these projects by BoA.

Hindalco Industries has proposed to set up an aluminium product SEZ in Orissa. The formal approval to the developer was granted in July 2007. The developer was granted extension from time to time and the last extension granted has got expired on December 31, 2013. The company has made no request for the extension.

Hindalco Industries, the metals flagship company of the Aditya Birla Group, 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.