Hindalco Inks Deal With Indian State Of Gujarat To Build New Aluminium Extrusion And Recycling Plants

Hindalco Inks Deal With Indian State Of Gujarat To Build New Aluminium Extrusion And Recycling Plants

Indian aluminium smelter Hindalco Industries signed a Memorandum of Understanding (MoU) last week with the Western India state of Gujarat to establish what will ultimately become the state’s largest aluminium extrusion and aluminium recycling plants.

According to local media reports, the MoU was executed on Friday by Hindalco Industries managing director Satish Pai and principal secretary for industries Manoj Kumar Das, with Gujarat chief minister Vijay Rupani and Hindalco’s Senior President Arun Kumar and Joint President Sandeep Roy looking on.

A government statement released shortly after the signing provided further details of the deal.

“The aluminium extrusion plant of 1.50 lakh tonne annual capacity will entail an investment of Rs 2,000 crore in two phases. Hindalco will invests about Rs 1,500 crore for aluminium recycling plant with an annual capacity of 3 lakh tonne.”

Rupani told local media that the plant is likely to be built in the Kutch district in the northwestern portion of the state. The project will employ about 3,000 individuals either directly at the plant or in support roles, he said.

The chief minister continued by noting the possibility of the construction of a desalinization plant nearby under the public-private partnership (PPP) model in order to provide the water needed to operate the contemplated extrusion and recycling plants.

Hindalco, which is a subsidiary of Aditya Birla Group, currently operates two extrusion plants, one each in Renkoot, Uttar Pradesh, and Alupuram, Kerala. The twin plants combine to produce 60 thousand metric tons per annum of various and sundry extruded aluminium products.