Hindalco to Set up Battery Foil Manufacturing Facility in Odisha with Rs 800 Cr Investment  ...Middle East

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Hindalco to Set up Battery Foil Manufacturing Facility in Odisha with Rs 800 Cr Investment 
Mumbai: Hindalco Industries, one of the leading aluminium rolling and recycling companies in the world, has decided to expand its manufacturing capacity of fine quality aluminium foil that is used in rechargeable batteries to serve the rapidly growing market for electric vehicles (EVs) and energy storage systems. The company is investing Rs.800 crore to build a new plant near Sambalpur in Odisha that will initially produce 25,000 tonnes of the resilient product which forms the backbone of Lithium-ion and Sodium-ion cells. By 2030, demand for battery grade aluminium foil in India is expected to grow manifold to 40,000 tonnes, primarily driven by mushrooming growth in gigafactories for advance

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