# 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.

- Type: New facility
- Announced: 2023-12-12
- Where: Odisha, India
- Value: $96.0M (8.00B INR)
- Starts operating: Jul 2025
- Status: announced
- Capacity: 25,000 tonnes of aluminium foils per year
- Products: aluminium battery foils
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Hindalco Industries](https://endata.com/companies/13368.md)

## Sources

- [reuters.com](https://www.reuters.com/business/autos-transportation/indias-hindalco-invest-96-mln-set-up-battery-foil-plant-in-odisha-state-2023-12-12/), 2023-12-12: "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."
- [pv-magazine-india.com](https://www.pv-magazine-india.com/2023/12/12/hindalco-to-set-up-lithium-battery-foil-manufacturing-facility-in-odisha/), 2023-12-12: "Hindalco will invest INR 800 crore to build a new battery foil manufacturing plant near Sambalpur in Odisha."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.