NEW DELHI: The Aditya Birla Group, led by Chairman Kumar Mangalam Birla, has announced investments totaling $20 billion, primarily focusing on scaling its manufacturing businesses. The group is strategically expanding operations to rank among the top two players in every segment it operates in, reflecting its long-term vision for sustainable growth and innovation.
Speaking to press at the Hindustan Times Leadership Summit, Kumar Mangalam Birla highlighted the group’s ambitious plans, including expanding UltraTech Cement’s capacity from 100 million tonnes to 200 million tonnes by FY27. Meanwhile, Hindalco Industries, a flagship company of the group, is channeling $10 billion into its ongoing and new projects, such as aluminum and copper smelter expansions, a greenfield alumina refinery in Odisha, and upgrades at Novelis. This investment aims to double India’s aluminum consumption from 5 million tonnes to 10 million tonnes by 2034 while meeting the rising demand for sustainable metal solutions.
KM Birla emphasized the importance of taking bold steps, citing the Novelis acquisition as an example of building scale and resilience. He also underscored the group’s commitment to green transitions, including initiatives supporting India’s renewable energy goals. UltraTech Cement plans to invest ₹32,400 crore over three years to strengthen its position as the world’s third-largest cement producer.
In a broader perspective, Birla remarked on India’s economic dynamism, calling the nation a “transformative force” with a vibrant energy that aligns with the group’s forward-thinking ethos. The group’s market capitalization has seen significant growth, reaching $90 billion, a testament to its robust strategies and global outlook.
Web Team, C6N
