At its 66th Annual General Meeting, Hindalco Industries Ltd, the metals flagship of the Aditya Birla Group, announced plans for approximately USD 10 billion in global investments over the next five years, spanning aluminium, copper and speciality alumina, Chairman Kumar Mangalam Birla informed shareholders.
The metal flagship's expansion strategy features significant projects in India and abroad, including an INR 18,000 crore (USD 20.63 billion) capex in FY25, deemed as the highest in nearly a decade. As of now, the company is among the leading global players in aluminium, copper and speciality alumina and is embarking on an ambitious growth trajectory, as attributed by the Chairman.
Moreover, the company is also boosting the upstream capacities with nearly 180,000 tonnes expansion at the Aditya aluminium smelter, a 360,000 tonnes expansion at Mahan and a new greenfield 850,000 tonnes alumina refinery. In copper, a 300,000-tonne smelter expansion at Dahej will establish the world's largest copper smelting complex outside China.
In its downstream operations, the firm further aims to quadruple EBITDA by FY30 through value-added aluminium, copper, speciality alumina and recycling products. It aids them in establishing India's first and the world's second-largest dedicated e-waste and copper recycling facility at Pakhajan.
To ensure energy security, the metal flagship has been allocated the 12 million-tonne Meenakshi coal mine, with the focus on enhancing self-sufficiency and reinforcing the company's position as one of the world's lowest-cost producers.
Back in March 2025, the firm had announced a significant investment of INR 45,000 crore (USD 5.22 billion) to enhance its aluminium, copper and speciality alumina operations. It aimed to bolster its position as a global leader by expanding its capabilities in producing high-precision engineered products for emerging sectors such as electric vehicles, renewable energy, and semiconductors.
Additionally, during that period, the company extended its focus on advanced transportation solutions, including lightweight battery enclosures for electric vehicles and high-speed transportation systems. Collaboration with the ISRO for specialised components for space missions and establishing India's first e-waste recycling plant to recover valuable metals from discarded electronic devices also came into focus.
The firm's global subsidiary, Novelis, will commission its USD 4.1 billion Bay Minette project in the US by 2026, increasing total annual capacity to 5 million tonnes. Chairman described FY25 as a "landmark year," with consolidated EBITDA rising 38 per cent year-on-year to INR 35,496 crore (USD 40.70 billion), driven by lower input costs, higher volumes and strong margins. Consolidated net profit for Q1 FY26 grew 30 per cent year-on-year to USD 4,004 crore on revenue of INR 64,232 crore (USD 7.36 billion).
On the other hand, the copper segment recorded its highest-ever EBITDA of INR 3,025 crore (USD 346.86 million), with revenues exceeding INR 54,000 crore (USD 6.19 billion) for the first time. Speciality alumina showed a 46 per cent year-on-year increase in EBITDA, while Novelis reported net sales of USD 17.2 billion and adjusted EBITDA of USD 1.8 billion. The board has recommended a dividend of INR 5 (USD 0.0573) per share for FY25.
Reinforcing sustainability as a core pillar, the company's initiatives include a 100 MW hybrid renewable energy project at the Aditya smelter in Odisha, large-scale waste repurposing and e-waste recycling. The company was ranked the world's most sustainable aluminium producer for the fifth consecutive year by the S&P Global Corporate Sustainability Assessment.
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