Skip to main content

Hindalco Industries investing billions in India’s aluminium recycling hub

Aluminium and copper manufacturer Hindalco Industries has signed a memorandum of understanding with the Gujarat government to build India’s largest aluminium extrusion and aluminium recycling plants in the state.

Hindalco Industries will invest around INR 35 billion (over US$ 480 million) in setting up a hub of cutting-edge recycling plants in Gujarat, India. The company, which is headquartered in Mumbai, reports that the major contract was signed last Friday by principal secretary for industries Manoj Kumar Das and Satish Pai, the managing director of Hindalco Industries.

‘The aluminium extrusion plants with an annual capacity of 150 000 tonnes will entail an investment of almost 2000 crore Rupees (US$ 275 million) in two phases,’ according to Gujarat chief minister Vijay Rupani, who was also present at the signing.

The aluminium recycling plant, on the other hand, will have a processing capacity of some 300 000 tonnes per annum. The recycling plants will likely be constructed in Kutch, the biggest district in Gujarat. The sites are said to provide jobs for more than 3000 workers.

Market analysts have estimated that India’s demand for secondary aluminium will increase by 8-10% per year
(2018-2021), mainly boosted by the country’srapidly-growing automotive industry.

Would you like to share any interesting developments or article ideas with us? Don't hesitate to contact us.

You might find this interesting too

Sabic trumpets repolymerisation of PET into resin
Growing shift to paper in food packaging anticipated

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Subscribe now and get a full year for just €169 (normal rate is €225) Subscribe