Hindalco to Invest ₹21,000 Crore in Odisha Smelter Expansion, Boosts Domestic Manufacturing

• Hindalco Industries announced a ₹21,000-crore investment for a 3.6 lakh-tonne-per-annum smelter expansion at its Aditya Aluminium complex in Sambalpur, Odisha.
• The company commissioned a new 1.7 lakh-tonne-per-annum Flat Rolled Products (FRP) and India's first battery-grade aluminium foil facility with a ₹4,500 crore investment.
• These projects, inaugurated by Odisha Chief Minister Mohan Charan Majhi, aim to strengthen domestic manufacturing of high-grade aluminium and indigenise materials for lithium-ion batteries.
• The battery-grade aluminium foil facility can support up to 100 GWh of lithium-ion cell manufacturing, crucial for electric mobility and energy storage.
• The expansion is part of Hindalco's ₹37,000 crore Odisha investment within a larger ₹55,000 crore pan-India growth capex, expected to create over 15,000 jobs and reduce import dependence.

Why It Matters: Hindalco's massive investment in Odisha will significantly boost India's aluminium production, reduce imports, and support EV manufacturing.