Hindalco Industries Limited announces a proposed capacity expansion at its Aditya Aluminium unit in Sambalpur, Odisha. The project aims to increase the unit’s capacity by 193KT, bringing the total capacity to 370KT. The investment required for this expansion is estimated at ₹10,225 crores, with funding sourced through internal accruals and debt. The expansion is projected to be completed by FY2029.
Capacity Expansion at Aditya Aluminium Unit
Hindalco Industries Limited is set to expand the capacity of its Aditya Aluminium unit located in Sambalpur, Odisha. This strategic move aims to enhance the production capabilities of the plant and cater to growing market demands.
Project Details and Investment
The proposed capacity addition is 193KT. The existing capacity utilization is reported at 100%. The total investment required for this project is estimated at ₹10,225 crores. Funding for the expansion will be sourced through internal accrual and debt financing.
Timeline and Rationale
The company anticipates completing the capacity expansion by FY2029. The rationale behind this expansion is driven by the company’s strategy for growth and expansion within the aluminium sector.
Source: BSE
