HINDALCO

Major alumina refinery expansion announced

1. Major alumina refinery expansion announced Hindalco plans to significantly expand its alumina refinery in Odisha with an additional investment of around US$1.26 billion. The expansion is expected to triple the refinery's capacity, strengthening the company's integrated aluminium value chain. 2. Continued focus on downstream value-added products Through its subsidiary Novelis, Hindalco continues to expand its portfolio of high-value aluminium products used in: Automotive Beverage packaging Aerospace Industrial applications 3. Strong capex pipeline The company remains committed to investing in mining, refining and downstream operations to support long-term demand for aluminium and copper. 4. Growing demand from infrastructure and EV sectors Aluminium demand continues to be supported by: Electric vehicles Renewable energy Power transmission Construction Railways Hindalco is well-positioned to benefit from these structural growth trends. 5. Copper business remains resilient The copper segment continues to contribute meaningfully to earnings, supported by demand from electrical equipment, infrastructure and manufacturing industries. 6. Dividend and shareholder actions The company has recommended a final dividend of ₹5 per equity share, reflecting its healthy cash generation and balance sheet. 7. Competition in the aluminium industry increasing Investors are closely watching increased competition following announcements of large new investments by other industrial groups into India's aluminium sector.