Following chairman Kumar Mangalam Birla’s March 20 announcement of a Rs 45,000-crore investment plan for the company across the copper and aluminum segments, shares of Aditya Birla Group’s Hindalco Industries would be under scrutiny. “We are committing Rs 45,000 crore across the aluminum, copper, and specialty alumina businesses to deliver both upstream and next-gen high precision engineered products to our customers,” Birla stated in his keynote speech at the inauguration of Hindalco Industries’ new corporate identity.
Birla emphasized that the business leads the world in copper, aluminum, and specialized alumina. “Our primary aluminium production has expanded from a modest 20,000 tonnes in Renukoot to 1.3 million tonnes today, making us India’s largest fully integrated producer.” The Birla Group has been expanding rapidly, and the introduction of Birla Opus rocked the paint business. The Group most recently revealed UltraTech Cement’s entry into the cables and wires market. Birla continued in his speech by saying that Hindalco is also advancing to offer solutions in cutting-edge industries like semiconductors, renewable energy, and EV mobility.
The chairman of the Aditya Birla group added that the business is “pioneering” the metals that will propel India’s electric vehicle revolution. “In battery materials, we are pioneering the metals that will drive India’s EV revolution.” “Our Aditya battery foil plant and Chakan fabrication plant are poised to offer high-performance, environmentally friendly substitutes for conventional automotive parts, particularly for the electric vehicle market,” he stated. Over the past one year, Hindalco shares have surged around 31 percent in trade, outperforming the Nifty 50 index, which has risen around 5 percent during the same time period.