Hindalco Industries, a leading metals company, has announced plans to invest ₹15,000 crore in Madhya Pradesh over the next two years. The decision follows the signing of a Memorandum of Understanding (MoU) with the state government during the Madhya Pradesh Global Investors Summit (GIS) 2025 in Bhopal on Monday.
The investment will focus on expanding Hindalco’s aluminium smelting capacity and developing a major mining project in Banda. Satish Pai, Managing Director of Hindalco, highlighted that the funding will also support broader expansions by the company and its parent group, the Aditya Birla Group. Hindalco already has a strong presence in Madhya Pradesh, having invested ₹25,000 crore in the state, primarily in its advanced aluminium smelter in Mahan, Singrauli.
Pai also addressed the impact of global trade policies, particularly those in the United States, on Hindalco’s operations. He clarified that while Hindalco’s American subsidiary, Novelis, benefits from U.S. tariffs, the company’s Indian operations remain unaffected as it does not export aluminium to the U.S.
The Aditya Birla Group’s other companies, including UltraTech Cement and Grasim’s Viscose Staple Fibre division, are also pursuing projects in Madhya Pradesh, underscoring the group’s commitment to the state’s industrial growth.
The Madhya Pradesh government has welcomed Hindalco’s investment, viewing it as a major step toward establishing the state as a leading hub for aluminium production and industrial development. The expansion is expected to create significant employment opportunities and boost the local economy.
The GIS-2025 summit aims to accelerate Madhya Pradesh’s economic growth by attracting investments and fostering partnerships with global stakeholders. The event, attended by top industrialists, diplomats, and international trade organizations, seeks to position the state as a premier investment destination in India.
About Hindalco Industries
Hindalco Industries, part of the Aditya Birla Group, is a $26 billion metals powerhouse and the world’s largest aluminium company by revenue. It is also the second-largest copper rod manufacturer outside China. The company operates across the entire aluminium value chain, from bauxite mining and alumina refining to smelting, rolling, extrusions, and foils. Through its subsidiary Novelis, Hindalco is the global leader in flat-rolled aluminium products and the world’s largest aluminium recycler.
In India, Hindalco is the largest copper producer, meeting over 50% of the country’s copper demand. Its advanced facility in Gujarat includes a copper smelter, refinery, downstream units, and a captive jetty. With 52 manufacturing units across 10 countries, Hindalco has been recognized as the world’s most sustainable aluminium company, topping the Dow Jones Sustainability Indices (DJSI) for five consecutive years (2020-2024).
This investment reinforces Hindalco’s commitment to growth and sustainability while contributing to Madhya Pradesh’s industrial and economic development.
