Hindalco Industries plans Rs 800 crore unit in Odisha to tap EV ecosystem
Aditya Birla Group’s Hindalco Industries said on Tuesday it will invest Rs 800 crore to set up a battery aluminium foil plant in Odisha as it evaluates opportunities in the electric mobility value chain.
The 25,000-tonne plant will be commissioned by July 2025. “The company is investing Rs 800 crore to build a new plant near Sambalpur in Odisha that will initially produce 25,000 tonnes of the resilient product which forms the backbone of Lithium-ion and Sodium-ion cells,” said the company in a statement.
