Hindalco Announces $10 Billion Global Expansion, Targets Leadership in Aluminium and Copper

Hindalco Industries, the metals flagship of the Aditya Birla Group, has unveiled a bold $10 billion investment plan aimed at expanding its global footprint and consolidating its leadership in the aluminium and copper sectors. The plan, which will be rolled out from FY25 to FY30, was announced by Chairman Kumar Mangalam Birla at the company’s 66th annual general meeting.

The expansion will span key markets, with major investments across India and through its U.S.-based subsidiary, Novelis. A significant ₹18,000 crore is already committed within India, marking Hindalco’s largest capital expenditure in nearly a decade.

Domestically, Hindalco is doubling down on its upstream aluminium operations. Expansion of the Aditya smelter and the addition of new capacity at the Mahan smelter will add over 500,000 tonnes annually. A large-scale alumina refinery is also in the pipeline.

To support this growth, the company has secured the Meenakshi coal mine, a move expected to enhance energy self-sufficiency and reinforce its position as one of the world’s most cost-efficient producers. In copper, Hindalco is undertaking a 300,000-tonne capacity expansion at its Dahej complex in Gujarat. Once complete, it will become the largest copper smelting facility outside China.

Hindalco is also betting big on value-added products. With a focus on downstream growth, it aims to quadruple earnings from this segment by FY30, with projects including a copper tubes plant and India’s first e-waste and copper recycling facility.

Novelis, Hindalco’s U.S. arm, plays a critical role in the global expansion. Its flagship $4.1 billion Bay Minette project in Alabama is progressing on schedule and is expected to be operational by 2026. Upon completion of ongoing expansions, Novelis's production capacity will hit 5 million tonnes annually.

The subsidiary is also leading the company’s sustainability charge with its “3×30 Vision,” targeting increased recycled content, lower carbon emissions, and sustained profitability. A new automotive recycling center in Kentucky further supports this push.

Reflecting confidence in its financial trajectory, Hindalco’s board has recommended a ₹5 per share dividend for FY25. Birla said the company’s strategic investments are not only growth-focused but also aligned with sustainability and innovation goals.

“Our focus is on building long-term partnerships, driving sustainability, and becoming a catalyst for change in the industry,” he noted, highlighting ongoing projects like the hybrid renewable energy plant at Aditya Aluminium in Odisha. With this ambitious expansion strategy, Hindalco is positioning itself as a global powerhouse across the metals value chain, poised for both economic and environmental impact.

Hindalco is also positioning itself for the future of mobility. It is developing aluminium battery enclosures and components for electric cycles, with a new battery foil plant scheduled to start operations this year. These initiatives are aimed at tapping into the fast-growing electric vehicle ecosystem globally.