Hindalco Industries, the metals flagship company of the Aditya Birla Group and industry leader in aluminium and copper, on Friday announced a R40,000-crore capital expenditure plan for its various greenfield projects expected to be commissioned between 2012 and 2014.
"Utkal Alumina, Mahan Aluminium, Aditya Alumina and Jharkhand Aluminium are on course and are expected to be commissioned between 2012 to 2014," Kumar Mangalam Birla, chairman, Hindalco said while addressing shareholders of the company at its 51st annual general meeting.
"The company has earmarked a capex of around R40,000 crore towards these projects," he said.
Elaborating on brownfield expansion projects, he said the smelter expansion at Hirakud from 155 kilo tonnes per annum (KTPA) to 161 KTPA was under progress and was slated for completion in the second quarter of financial year 2011.
"Additionally the company is evaluating the possibility of amplifying the smelting capacity at Hirakud from the proposed 213 KTPA to 360 KTPA," he said.