Hindalco Industries, which houses Aditya Birla Group’s aluminium and copper operations, will invest $10 billion across its global operations between FY25 and FY30, chairman Kumar Mangalam Birla told shareholders at the company’s 66th annual general meeting on Thursday.
Of this, the metals major has already initiated projects worth Rs 18,000 crore in India in FY25, marking its highest annual capital expenditure in nearly a decade. The investments will cover the aluminium, copper and speciality alumina value chain, both in India and through its US subsidiary Novelis.
“The next phase (of growth will be) focused on accelerated upstream expansion alongside continued downstream growth. In India, we are doubling down on upstream capacities through substantial investments in aluminium and copper smelting,” Birla said.
In aluminium, Hindalco is expanding its Aditya smelter by 180,000 tonne per annum and planning a further 360,000-tonne addition at Mahan. A greenfield 850,000-tonne alumina refinery is also underway, Birla said.
Securing Upstream Dominance and Energy Supply
To secure energy supply, the company has been allocated the 12 million-tonne Meenakshi coal mine, which, Birla said, will strengthen self-sufficiency and reinforce Hindalco’s position as one of the lowest-cost producers globally. In copper, Hindalco is undertaking a 300,000-tonne smelter expansion at Dahej, Gujarat, which will make it the largest copper smelting complex in the world outside China.
On the downstream side, the company is targeting a four-fold increase in Ebitda by FY30 from its FY24 base, aided by capacity expansions in value-added aluminium, copper and recycling. “Our new copper tubes plant is ramping up, and construction is in full swing for India’s first and the world’s second-largest dedicated e-waste and copper recycling facility at Pakhajan,” Birla noted.
Novelis’s Global Expansion and Sustainability Vision
Novelis is advancing its $4.1 billion Bay Minette project in Alabama, slated for commissioning in the second half of 2026. Once ongoing expansions are completed, Novelis’ production capacity is expected to reach 5 million tonne annually.
Novelis is also advancing its 3×30 vision—aimed at increasing recycled content from 63% to 75%, cutting the carbon footprint of aluminium rolled products from 4 tonne to 3 tonne of CO₂ per tonne, in addition to sustaining industry-leading return on invested capital through “a resilient balance sheet, robust cash flows, and consistent shareholder value creation,” the chairman said.
“Another key achievement was the successful launch of a state-of-the-art automotive recycling centre in Guthrie, Kentucky, strategically located adjacent to our existing finishing plant,” Birla said.
The firm is scaling its presence in electric mobility with aluminium battery enclosures and plans to introduce aluminium cycle and e-cycle components globally, he added. A new battery foil plant will begin operations this year, while expanded flat rolled capacity is being commissioned to tap premium markets.
The expansions on the anvil will help enhance Hindalco’s ability to collaborate with customers, co-create high precision, engineered solutions, and deliver products, Birla added. “In line with this vision, we launched our Masterbrand this year to deepen customer engagement and reinforce Hindalco’s role as a catalyst for change, a problem-solver, and a co-creator of transformative solutions,” he said. The board has recommended a dividend of Rs 5 per equity share for FY25.
Birla reiterated Hindalco’s sustainability focus, highlighting initiatives such as India’s first hybrid renewable-powered aluminium smelter project, waste repurposing, and circularity in operations. The 100 MW hybrid renewable energy project is located at Hindalco’s Aditya Aluminium smelter in Odisha and integrates solar, wind, and storage.