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Hindalco Industries plans to invest Rs. 15,000 crore in Madhya Pradesh

Hindalco Industries plans to invest Rs. 15000 crore in Madhya Pradesh

Hindalco Industries plans to invest Rs. 15000 crore in Madhya Pradesh

 

 

In the Madhya Pradesh Global Investors Summit 2025, Hindalco Industries announced investment of Rs.15,000 crore in Madhya Pradesh in order to strengthen its aluminum smelting capacity over the period of upcoming two years.

 

About Hindalco Industries

In 1958, Hindalco Industries Ltd. was established. The company is a flagship firm of the Aditya Birla Group and involves in the business of production of copper and aluminium. It is also a manufacturer of extrusion, aluminium sheet, and light gauge products used for the purpose of can, foil products, beverage and food, etc. in the packaging market. 

 

Investment plans of Hindalco Industries

The company plans to inject funds of around Rs.15,000 crore in Madhya Pradesh for the upcoming two years. These funds will be from Hindalco Industries only. Additionally, it plans to create a large mine named as Banda through Aditya Birla Group, parent company of Hindalco Industries Ltd. 

 

Hindalco’s investment in Madhya Pradesh is not for the first time. In the past, the company has made investments to create a large footprint in the state. It has already made an investment funding of Rs.25,000 crore in the past. It led to the establishment of its world-class aluminium smelter in the region of Mahan, Singrauli district. 

 

The company’s present plan of Rs.15,000 crore of investment’s goal is to expand the company’s presence and also to push the local economy of Madhya Pradesh higher. 

 

Impact of international trade policies

Managing Director of Hindalco Industries, Satish Pai states that the impact of US tariffs will remain in the range of neutral to positive. The reason for this is Novelis, a big American subsidiary of Hindalco Industries operating in the USA. In this current situation, Novelis is set to get some benefits of operating in the USA. Further, Hindalco Industries in India exports only a small amount of aluminium to the USA. 

 

Aditya Birla Group’s investment plans in Madhya Pradesh

Apart from Hindalco Industries’ investment plan, other major subsidiaries of Aditya Birla Group also plan to invest in various projects in Madhya Pradesh. UltraTech Cement is a flagship company of Aditya Birla Group in the cement sector. Aditya Birla Group’s Grasim’s Viscose Staple Fibre (VSF) is a major global producer of Viscose Staple Fibre (VSF). Both these companies are planning to invest in Madhya Pradesh to start their independent projects.

 

Overall, it highlights the commitment of Aditya Birla Group towards the industrial growth of Madhya Pradesh. 

 

Outlook of GIS-2025 in Madhya Pradesh

The government of Madhya Pradesh has appreciated the investment plans of Hindalco Industries. It will help the state to enhance its position as a crucial hub for aluminium manufacturing and also for industrial development. This investment plan is anticipated to bring large job opportunities in the state. It will also lead to economic growth of the state. 

 

The Global Investors Summit is anticipated to strengthen economic growth in the state by attracting important investments  and also creating partnerships with global entities. The summit included major industrialists, international trade organizations, and diplomatic representatives. The main aim of the GIS-2025 is to make Madhya Pradesh, a key investment hub in India. 

 

 

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