The Gujarat government on Friday signed a memorandum of understanding (MoU) with Aditya Birla Group’s Hindalco Industries, in the presence of chief minister Vijay Rupani, for the setting of India’s biggest aluminium extrusion and aluminium recycling plants, for a total investment of Rs 3,500 crore.
Hindalco is the world’s largest aluminum rolling company and among the biggest producers of primary aluminium in Asia.
The aluminium extrusion will have a capacity of 1,50,000 tonnes per annum and will entail an investment of Rs 2,000 crore in two tranches. The 3,00,000 tonnes per annum aluminium recycling plant will cost about Rs.1,500 crore. These projects will provide direct and indirect employment to 3,000 people.The CM discussed the possibility of setting a desalination plant to meet the water needs of the aluminium plants using the public-private partnership model. He also spoke on the state government’s incentive policies, which aim to make Gujarat a land of opportunities for investors. Read more