Hindalco Announces ₹45,000 Crore Investment with New Identity

Hindalco Industries Ltd., part of the Aditya Birla Group, announced a significant investment of Rs 45,000 crore into its copper, aluminium, and specialty alumina businesses. This strategic move aims to transition the company from a materials supplier to an engineered solutions provider, as unveiled by Chairman Kumar Mangalam Birla. The investment will support the development of high-precision engineered products and includes setting up a copper foil factory for electric vehicles in India. This announcement has positively influenced Hindalco's stock, which rose by 1.18% to close at Rs 706. The shift reflects Hindalco's commitment to innovation and sustainability, positioning it as a catalyst for change in the metals industry. The company's new brand identity was introduced at an event in Mumbai, marking a new era for the metals powerhouse.