The Aditya Birla Group company Hindalco Industries Ltd is to invest ₹800 crore in the construction of a battery foil production facility in Sambalpur, Odisha, in order to capitalise on the expanding market for energy storage systems and electric vehicles (EVs).
By July 2025, the battery foil facility will be put into operation. Initially, it will generate 25,000 tons of the robust substance that serves as the foundation for sodium- and lithium-ion batteries.
According to a document from Hindalco, the country’s need for battery-grade aluminium foil is predicted to increase dramatically to 40,000 tons by 2030, mostly due to the rapid expansion of gigafactories that produce advanced cells.
The need for battery materials is increasing quickly, which is being fueled by positive predictions for the EV and grid storage industries. Localization of raw materials is essential in these kinds of important industries, according to Hindalco Industries Managing Director Satish Pai.
As a result, Hindalco is investing in a variety of battery technologies and materials in order to construct Atmanirbhar Bharat. Another such step in this regard is the investment in this new battery foil plant, according to Pai.
The business disclosed: “At its Mouda plant in Maharashtra, Hindalco has already made the technological breakthrough of producing high-quality battery foils. The Mouda unit is presently working with European, American, and Indian producers of lithium-ion cells to qualify. The new facility in Odisha will increase the capacity to supply raw materials to Gigafactories worldwide.”
According to Hindalco, this project will provide the government’s green initiative—which aims to lower carbon emissions and promote sustainable growth—a boost. Furthermore, the company collaborates closely with original equipment manufacturers (OEM) to co-develop and produce vital components such as lightweight load bodies, motor housings, busbars, battery enclosures, and structural and safety components—many of which are being designed and developed in India for the first time.
“These series of investments catalyse Hindalco’s metamorphosis from a manufacturer of metal to a provider of high-tech metal solutions,” the statement continued.
On the NSE, Hindalco Industries Ltd.’s shares increased by 2.36% to trade at ₹534.75 a share. The share price has increased by 15.60% over the past year and by 9.76% so far this year.
