Hindalco Muls To Increase Capacity

Hyderabad: Hindalco Industries Ltd is planned to expand its brownfield plants while creating new greenfield projects targeted at taking the overall aluminium generation capacity to about 1.5-1.6 million tonnes per annum. This would involve a capital expenditure of about $7-7.5 billion by 2011 and compliment the company''s inorganic growth, which has come via some extremely strategic acquisitions. The acquisitions have helped the company get into value-added products and Novalis would help the company target areas of automotive manufacture. The per capita consumption of aluminium in India is abysmally low and yet they are the fifth largest consumer in the world. The industry is growing at the rate of about 10-12 per cent and this trend would continue.