Hindalco Industries on Tuesday (January 27, 2026) announced a ​₹210 billion ($2.29 billion) project ‌to expand its aluminium ​smelter in Odisha, as a part of its larger capacity enhancement plan aimed at reducing reliance on imports.

The ​Aditya Birla Group company ⁠also commissioned a flat rolled products (FRP) and battery-grade aluminium foil manufacturing facility worth ​₹45 billion.

Aluminium products are critical raw materials for lithium-ion batteries used in electric vehicles ‌and clean energy storage. The ‌investments come amid New Delhi’s push towards greater ‍local manufacturing.

Mumbai-headquartered Hindalco, India’s largest FRP maker by market share, ‍said the expansion will nearly halve the dependence on imports. About 40% of flat-rolled aluminium is currently imported into India, it added.

The projects are expected to generate ⁠over 15,000 additional jobs, and are part of ​the firm’s overall capital expenditure outlay ⁠of ₹550 billion across India, Hindalco added.