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Hindalco to Invest Rs 150 Bn to Expand Aluminium Smelting

The new investment aims to strengthen Hindalco’s operations.

Published

2 months ago

February 25, 2025

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Hindalco Industries, a flagship company of the Aditya Birla Group, has signed a Memorandum of Understanding (MoU) with the Madhya Pradesh government to invest Rs 150 billion over the next two years. The announcement was made at the Madhya Pradesh Global Investors Summit (GIS) 2025 in Bhopal, reinforcing the company’s commitment to industrial expansion in the state. Hindalco’s Managing Director, Satish Pai, confirmed the investment, stating that a significant portion will be allocated to a new aluminium smelting capacity, while the group will also open a large mine called Banda.

Hindalco already has a strong presence in Madhya Pradesh, with existing investments worth Rs 250 billion, primarily focused on its world-class aluminium smelter in Mahan, Singrauli district. The new investment aims to strengthen Hindalco’s operations, generate employment, and contribute to the local economy. Pai also addressed the impact of global trade policies, particularly in the United States, highlighting that Hindalco’s American subsidiary, Novelis, benefits from recent tariffs. He noted that Hindalco in India does not export aluminium to the US, making the overall impact neutral to positive for the company.

Beyond Hindalco, other Aditya Birla Group entities such as UltraTech Cement and Grasim’s Viscose Staple Fibre (VSF) division are also pursuing independent projects in Madhya Pradesh, further bolstering the group’s industrial footprint in the region. The Madhya Pradesh government has welcomed the investment, recognising it as a significant step towards positioning the state as a key hub for aluminium production and industrial development. The expansion is expected to create substantial employment opportunities and drive economic growth.

The GIS-2025 summit serves as a crucial platform for boosting Madhya Pradesh’s economy by attracting major investments and fostering strategic partnerships. With participation from leading industrialists, diplomatic representatives, and international trade organisations, the event is poised to solidify Madhya Pradesh’s status as a prime investment destination in India.

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World’s First Book on Carbon Steel Sourcing Launched by Hero Steels CEO

Panckaj N Umrania’s book offers strategic insights into steel sourcing.

Published

2 months ago

February 27, 2025

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The global steel industry marked a milestone with the launch of “Mastering Carbon Steel Sourcing: From Domestic Suppliers to Global Partnerships,” the world’s first book on carbon steel sourcing. Authored by Panckaj N Umrania, Executive Director of KND Steel, the book was unveiled by Jitendra Sharma, ED & CEO of Hero Steels Ltd.

The event saw participation from industry leaders, policymakers, and representatives from JBM Group, Havells India, Philips Lighting India, Air India, and Northern Railways, underscoring its industry relevance.

Published by Academic Foundation India, the book serves as a guide for business leaders and sourcing professionals, covering supply chain optimisation, quality control, and cost management. It also highlights India’s growing role in global steel sourcing.

Speaking at the launch, Umrania stated, “This book addresses key sourcing challenges and provides practical solutions to help businesses enhance profitability.”

The event concluded with a panel discussion on the future of steel sourcing and supply chain innovation, reinforcing the book’s significance in transforming global sourcing strategies.

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Viva ACP Unveils Bricklyn: A Fusion of Tradition and Innovation

The new ACP series blends classic brick aesthetics with modern engineering.

Published

2 months ago

February 27, 2025

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Viva ACP, Asia’s largest aluminium composite panel (ACP) manufacturer, has launched Bricklyn, a new addition to its Santa Fe series. Inspired by the strength of traditional bricks and reimagined with contemporary design, Bricklyn merges heritage aesthetics with advanced technology.

The design draws from Brooklyn’s urban energy and the stacking ingenuity of Jenga, offering structural integrity, aesthetic appeal, and creative flexibility. Available in a range of muted and bold hues, the panels allow architects to craft dynamic, visually striking façades.

Engineered using Stucco Textures and Synchro Technology, Bricklyn ensures durability and resilience with a 15-year warranty, reinforcing Viva ACP’s commitment to quality.

“Bricklyn is more than a cladding solution; it’s a tribute to tradition and innovation,” the company stated, positioning the series as a benchmark for modern architectural design.

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HMPL Wins Rs 1 Billion Steel Contract in Maharashtra

The execution of the project is expected to be completed within six months.

Published

2 months ago

February 27, 2025

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Hazoor Multi Projects (HMPL) has been awarded a contract worth Rs 1.02 billion for steel-related works in Maharashtra. The order, issued by Venkatesh Infra Projects, involves reinforcement steel cutting, bending, fixing, and fabricating structural steel for a bridge under construction at the Versova-Bandra Sea Link project site in Mumbai. The execution of the project is expected to be completed within six months.

HMPL specializes in engineering, procurement, and construction (EPC) services, primarily focusing on renewable energy and infrastructure projects, including roads and bridges. The company has been actively expanding its presence in the infrastructure sector with a strong emphasis on large-scale projects.

In addition to this contract, HMPL is working on plans to establish a 500 MW solar power project in Andhra Pradesh. The proposed project entails an investment of Rs 25 billion, reflecting the company’s commitment to advancing renewable energy initiatives in India.

With a growing portfolio in both infrastructure and renewable energy, HMPL continues to strengthen its position in the industry, leveraging its expertise in EPC services to execute complex projects efficiently. The latest order further reinforces its role in contributing to major infrastructure developments in Maharashtra.

News source: The Hindu Businessline