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HINDALCO in Expansion Mode

Mr Birla discussed Hindalco’s brownfield expansion projects, stating that the smelter expansion at Hirakud from 155 000 t/a to 161 000 t/a was under progress and was slated for completion in the second quarter of financial year 2011. Further capacity expansion to 213 000t/a, through the addition of 80 pots, is underway and expected to be completed by Q4 of 2012. Additionally, the company is evaluating the possibility of amplifying the smelting capacity at Hirakud from the proposed 213 000 t/a to 360 000 t/a. An increase in the back-up captive power plant from the proposed 467,5 MW to 967,5 MW is on the anvil. On the company’s greenfield projects, Mr Birla said that Utkal Alumina, a 100 % subsidiary of Hindalco, was setting up a 1,5 Mt/a alumina refinery in Rayagada district of Orissa, India. The project would feed the alumina requirements of the Mahan and the Aditya smelters. These are currently under construction. The production of alumina should commence in Q2 of FY2012. The Utkal Alumina project offers the potential to scale up to 3 Mt/a at relatively low incremental capital cost. All of the company’s greenfield projects – Utkal Alumina, Mahan Aluminium, Aditya Alumina/Aluminium and Jharkhand Aluminium – are on course. These projects are expected to be commissioned between 2012 to 2014. The company has earmarked a capex of around INR40 000 crore towards these projects. (09/2010)

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