Hindalco to invest Rs 60 bn in downstream facilities in four years

Aditya Birla Group-owned Hindalco Industries Ltd, India's largest aluminium producer, will invest around Rs 60 billion in downstream facilities in India over the next four years.

Satish Pai, managing director of Hindalco told media persons that the expansion of downstream facilities takes time and will be done in a phased manner.

Hindalco's proposal to expand its aluminium flat-rolled products unit at Lapanga, near Sambalpur has recently got the approval of the Odisha government. It will see an investment of Rs 40 billion.

For an extrusion plant, Hindalco has already signed a memorandum of understanding with Gujarat government entailing an investment of Rs 21