Hindalco intends to establish high-end aluminium plant for India’s defence sector

<p>India&rsquo;s leading aluminium producer Hindalco Industries Ltd is planning for setting up high-end alloy plate manufacturing plant for defence sector in India. The project will require an investment of INR 2,000 crore. The company is in discussions with the government whether they can start the project as a public-private partnership (PPP).</p> <p><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;" src="http://www.alcircle.com/uploads/images/Aluminum%20Aluminium%20plate%20sheet%2085.jpg" alt="news" width="448" height="258" /></p> <p>Managing Director Satish Pai said, &ldquo;We are talking to the Ministry of Defence for setting up more high-end alloy plate manufacturing in India... We are hoping for a pick-up in the defence sector.&rdquo;</p> <p>&ldquo;The end product is one thing, but it needs lots of very high-end aluminium to begin with. We really want support from the government to get that done. In defence sector, orders are never smooth; they come and go that&rsquo;s why we need public private partnership for putting up this project.&rdquo;&nbsp;</p> <p>{googleAdsense}</p> <p>Hindalco projects that India will require around 5,000 tonnes of high-end alloy plates over the next five years and domestic aluminium unit will help in minimizing import of such products.</p> <p>In Aurangabad, the company&rsquo;s plant produces aluminium alloy billets and slabs for aerospace, sporting goods and surface transport industries. The company is ideal for such project because of its downstream capacity of casting alloy. The project is expected to flag off in two years.</p>