Hindalco to build ₹800 cr EV battery foil facility
Hindustan Times|December 13, 2023
AIuminium producer Hindalco Industries on Tuesday announced its plan to set up a battery foil manufacturing facility at Sambalpur in Odisha with an investment of 2800 crore to tap the fast-expanding electric vehicle market.
Hindalco to build ₹800 cr EV battery foil facility

The facility, to be commissioned by July 2025, will initially produce 25,000 tonnes of the aluminium foil which forms the backbone of lithium-ion and sodium-ion cells, Hindalco Industries said.

The company also plans to significantly expand its capacity of making fine-quality aluminium foil which is used in rechargeable batteries, Hindalco said in a statement.

"Hindalco Industries is investing 800 crore to build a new plant near Sambalpur in Odisha that will initially produce 25,000 tonnes of the resilient product which forms the backbone of Lithium-ion and Sodium-ion cells," the statement said.

By 2030, demand for battery grade aluminium foil in India is expected to grow manifold to 40,000 tonnes, primarily driven by mushrooming growth in gigafactories for advanced cell manufacturing, according to the company.

Bu hikaye Hindustan Times dergisinin December 13, 2023 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

Bu hikaye Hindustan Times dergisinin December 13, 2023 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

HINDUSTAN TIMES DERGISINDEN DAHA FAZLA HIKAYETümünü görüntüle
Palestinian PM Resigns Citing 'New Reality' Of War In Gaza
Hindustan Times

Palestinian PM Resigns Citing 'New Reality' Of War In Gaza

The United States and other powers have called for a reformed Palestinian Authority to take charge of all Palestinian territories after the end of war

time-read
1 min  |
February 27, 2024
Future Perfect: The Kids Are All Right
Hindustan Times

Future Perfect: The Kids Are All Right

Gill and Jurel hold out promise by simplifying a challenging chase to help India seal series

time-read
4 dak  |
February 27, 2024
Akshay feels 'blessed' to have worked with OG Ramayan cast
Hindustan Times

Akshay feels 'blessed' to have worked with OG Ramayan cast

Director Akshay K Agarwal shot a music video, Humare Ram Aaye Hai, with the cast of the 1987 TV show, Ramayanactors Arun Govil, Dipika Chikhlia and Sunil Lahri - in Ayodhya recently.

time-read
1 min  |
January 22, 2024
Musk's firm gets nod for Sat Net; joins Jio, Bharti
Hindustan Times

Musk's firm gets nod for Sat Net; joins Jio, Bharti

Starlink, owned by billionaire Elon Musk, has been allowed to offer satellite broadband services in India, two officials aware of the development said.

time-read
2 dak  |
January 22, 2024
A temple, 169 years in the making
Hindustan Times

A temple, 169 years in the making

Through decades of design and reworks, hurdles in engineering and construction, HT pieces together how the grandeur of the Ram Temple was reclaimed

time-read
8 dak  |
January 22, 2024
'Political interference' forces Vihari to quit Andhra cricket
Hindustan Times

'Political interference' forces Vihari to quit Andhra cricket

After Andhra bowed out of the Ranji Trophy at the quarter-final stage with a four-run defeat to Madhya Pradesh in Indore on Monday, senior batter Hanuma Vihari launched a scathing attack on the Andhra Cricket Association (ACA), saying he will never turn up for the state again.

time-read
2 dak  |
February 27, 2024
Shafali, Kapp lead Capitals to a 9-wicket win over Warriorz
Hindustan Times

Shafali, Kapp lead Capitals to a 9-wicket win over Warriorz

A blazing fifty by Shafali Verma (64₹, 43 balls) helped Delhi Capitals make a mockery of a target of 120 and open their account in the second edition of the Women's Premier League (WPL).

time-read
2 dak  |
February 27, 2024
Making 'unbelievable things believable', the Ayhika way
Hindustan Times

Making 'unbelievable things believable', the Ayhika way

The India No. 7 was an inspired pick for the world team event and she repaid the faith, beating the Chinese world No.1

time-read
3 dak  |
February 27, 2024
'Connected TVs to reach 45 mn by 2024-end in India'
Hindustan Times

'Connected TVs to reach 45 mn by 2024-end in India'

With improvement in broadband penetration, Indian households are increasingly opting for connected or addressable TVs.

time-read
1 min  |
February 27, 2024
India chip strategy makes progress as $21 billion in proposals received
Hindustan Times

India chip strategy makes progress as $21 billion in proposals received

The Indian government, after years of watching from the sidelines of the chips race, now has to evaluate $21 billion of semiconductor proposals and divvy up taxpayer support between foreign chipmakers, local champions or some combination of the two.

time-read
1 min  |
February 27, 2024