Hindalco to invest $96M in battery foil plant in Odisha

Hindalco Industries will invest 8 billion rupees ($96 million) to set up a battery foil manufacturing facility in Odisha, India. The plant will produce 25,000 tonnes of aluminium foils for lithium-ion batteries and is slated to be operational by July 2025.

“Hindalco Industries said on Tuesday it will invest 8 billion rupees ($96 million) to set up a battery foil manufacturing facility to tap the expanding electric vehicles market in India.”reuters.com

• 2 sources
• reuters.comIndia's Hindalco to invest $96 mln to set up battery foil plant in Odisha stateManvi PantDec 12, 2023
• pv-magazine-india.comHindalco to set up lithium battery foil manufacturing facility in Odisha - pv magazine IndiaUma GuptaDec 12, 2023

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