scorecardresearch
Follow Us:
Monday, August 08, 2022

Gujarat: Hindalco to invest Rs 3,500 crore for aluminium extrusion and recycling plant

A memorandum of understanding in this regard was signed between the company and Gujarat government on Friday.

By: Express News Service | Ahmedabad |
September 14, 2018 5:03:17 pm
Gujarat chief minister Vijay Rupani also discussed the idea of setting up a desalination plant to satiate the water needs of the proposed Hindalco facilities in the state.

Hindalco Industries Ltd, an Aditya Birla Group company, will be investing an estimated Rs 3,500 crore to set up the country’s biggest aluminium extrusion and recycling plant in Gujarat. A memorandum of understanding (MoU) in this regard was signed between the company and Gujarat government on Friday.

The MoU was signed by Satish Pai, managing director of Hindalco and MK Das, principal secretary to the Gujarat Chief Minister. Hindalco plans to invest Rs 2,000 crore in two phases for the extrusion plant, having an annual production capacity of 1.5 lakh tonnes, stated a state government release.

The company already has two extrusion plants in Renkoot (Uttar Pradesh) and Alupuram (Kerala), which are capable of producing around 60,000 tonnes per annum products of various specifications and dimensions.

The company will be investing an additional Rs 1,500 crore in three phases for an Aluminium recycling unit with a recycling capacity of three lakh tonnes. This investment is expected to generate 3,000 jobs in the state, the release added.

Subscriber Only Stories
UPSC Key-August 8, 2022: Why you should read ‘NITI Aayog’ or ‘Bottom-up A...Premium
Post for Tejashwi holds RJD hand, BJP waits and watchesPremium
UPSC Essentials: Key terms of the past week with MCQsPremium
C Raja Mohan writes | India, Bangladesh, Pakistan: What east can teach westPremium

Gujarat chief minister Vijay Rupani also discussed the idea of setting up a desalination plant to satiate the water needs of the proposed Hindalco facilities in the state.

TWO IS ALWAYS BETTER | Our two-year subscription package offers you more at less

📣 Join our Telegram channel (The Indian Express) for the latest news and updates

For all the latest Business News, download Indian Express App.

  • Newsguard
  • The Indian Express website has been rated GREEN for its credibility and trustworthiness by Newsguard, a global service that rates news sources for their journalistic standards.
  • Newsguard
First published on: 14-09-2018 at 05:03:17 pm

Featured Stories

Advertisement
Advertisement
Advertisement
Advertisement