Mumbai, January 28 (Udaipur Kiran): Shares of Hindalco Industries traded higher on the BSE on Tuesday after the company outlined plans to expand its aluminium operations in Odisha.
Hindalco Industries was trading at Rs. 981.30, up by Rs. 19.30 or 2.01 per cent from its previous close of Rs. 962.00 on the BSE. The stock opened at Rs. 971.60 and touched an intraday high of Rs. 987.00 and a low of Rs. 963.65. A total of 1,42,989 shares were traded on the counter during the session.
The BSE Group ‘A’ stock, with a face value of Rs. 1, has touched a 52-week high of Rs. 987.00 on January 28, 2026, and a 52-week low of Rs. 546.25 on April 7, 2025. Over the past one week, the scrip moved between a high of Rs. 987.00 and a low of Rs. 934.05. The company’s current market capitalisation stands at Rs. 2,19,329.31 crore.
Promoters hold a 34.64 per cent stake in the company, while institutional investors and non-institutional investors hold 51.64 per cent and 9.55 per cent respectively.
Hindalco Industries has planned to expand its aluminium operations in Odisha, including a proposed Rs. 21,000 crore smelter expansion of 3.6 lakh tonnes per annum at its Aditya Aluminium complex in Sambalpur. The company has also commissioned a 1.7 lakh tonnes per annum Flat Rolled Products (FRP) and battery-grade aluminium foil manufacturing facility with an investment of Rs. 4,500 crore.
These projects are aimed at strengthening domestic capabilities in high-grade aluminium products and supporting the electric mobility and energy storage ecosystem. The battery-grade aluminium foil facility, described as India’s first of its kind, is designed to support up to 100 GWh of lithium-ion cell manufacturing capacity and draws inputs directly from the FRP complex.
The Odisha projects are part of Hindalco’s broader growth capital expenditure programme, with around Rs. 37,000 crore planned to be invested in the state across upstream and downstream aluminium operations. This forms a significant portion of the company’s overall growth capex plan of Rs. 55,000 crore across India.
Hindalco is India’s largest flat rolled products player, accounting for over 50 per cent of the domestic market, with operations spanning the entire aluminium value chain from mining to downstream products.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.