Hindalco to add 193KT aluminium capacity at Aditya Aluminium unit in Odisha
HINDALCO · price
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On the reaction day the stock moved 0.5 pts more than Nifty 100 and 0.1 pts more than its Aluminium peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Hindalco will expand its Aditya Aluminium unit in Sambalpur, Odisha by adding 193KT of capacity, taking total capacity to 563KT. The unit currently operates at full utilisation of 370KT. The project needs Rs 10,225 crore in investment, to be funded through internal accruals and debt, with completion targeted by FY2029. The company stated growth and expansion as the rationale.
Large Rs 10,225 crore capex for growth; may pressure near-term returns but supports long-term aluminium expansion ambitions.