Hindalco Industries has outlined its plans for long-term growth, with a focus on sustainability, recycling, and capital investments to strengthen its position in the market. The company aims to increase recycling capacity fourfold by FY30, with a target to cut CO2 emissions to less than 3 tonnes per tonne of flat-rolled products delivered. To achieve this, Hindalco has pledged to invest $5.19 billion to expand its aluminium and copper production capacity.
The company’s subsidiary, Novelis, reported net sales of $16.6 billion in 2024 and adjusted EBITDA of $1.8 billion, with a goal to achieve EBITDA of over $600 per tonne. Novelis is adapting to changing dynamics in the scrap markets and investing to grow its global aluminium production capacity.
In the near term, Hindalco’s Bay Minette project (North America) is expected to have a positive impact on regional aluminium supply constraints. The company is also investing $5 billion in multiple expansion projects, including a $300KT copper smelter expansion project to support increasing domestic demand.
Hindalco is well-positioned to capitalize on India’s growing demand for aluminium and copper, with plans to double its consumption by FY35. The company serves industries that account for 60% of India’s industrial GDP and is focusing on areas of growth, such as battery enclosures, aerospace, and foil production.
In addition to its environmental goals, Hindalco aims to become water positive by 2050 and achieve net zero emissions. The company is also incorporating advanced digital initiatives, including AI-driven analytics and AR/VR applications, to enhance efficiency and innovation. By doing so, Hindalco is poised to drive growth while promoting sustainability and reducing its environmental footprint.