Aditya Birla Group’s Hindalco Industries on Friday singed up an MoU with Gujarat government for setting up of India’s biggest aluminum extrusion and aluminum recycling plants in the state with a total investment of Rs 3,500 crore.
The aluminum extrusion plant of 1.50-lakh tonnes annual capacity will entail an investment of Rs 2,000 crore in two tranches, and the setting up up of aluminium recycling plant of 3.00-lakh tonnes annual capacity would cost Rs 1,500 crore. The projects will provide direct and indirect employment to around 3,000 people.
Chief Minister Vijay Rupani was also present on the occasion and discussed the possibility of setting a desalination plant to fulfill the water requirements of the aluminum plants on PPP model.
The MoU was signed between Principal Secretary for Industries and Chief Minister’s Principal Secretary M K Das and Hindalco Industries Managing Director Satish Pai. The company’s Senior President Arun Kumar and Joint President Sandeep Roy were also present.