Hindalco Industries, a flagship company of the Aditya Birla Group, has signed an agreement with the Madhya Pradesh government to invest Rs 15,000 crore over the next two years. This announcement was made at the Madhya Pradesh Global Investors Summit (GIS) 2025 in Bhopal. The investment is expected to further enhance Hindalco’s presence in the state and boost the local economy.
Hindalco’s Managing Director, Satish Pai, highlighted that the company will not only invest Rs 15,000 crore but also open a large mine called Banda. The company already has an existing investment of Rs 25,000 crore in the state, primarily focused on its world-class aluminium smelter in Mahan.
The company’s operations are affected by global trade policies, particularly in the United States, where its subsidiary Novelis is based. However, Pai stated that the tariffs have a neutral to positive impact on Hindalco’s operations, as it doesn’t export aluminium to the US.
The Aditya Birla Group’s other entities, including UltraTech Cement and Grasim’s Viscose Staple Fibre (VSF) division, are also working on independent projects in Madhya Pradesh, demonstrating the group’s commitment to the state’s industrial growth.
The Madhya Pradesh government has welcomed Hindalco’s investment, considering it a significant step in strengthening the state’s position as a key hub for aluminium production and industrial development. The investment is expected to create substantial employment opportunities and drive economic growth in the region. The GIS-2025 summit aims to boost economic growth in Madhya Pradesh by facilitating key investments and partnerships with global players, solidifying the state’s position as a major investment hub in India.