Hindalco Industries announced plans to set up a 34,000-tonne extrusion plant at Silvassa. The new plant will service the fast-growing market for extruded aluminium products in the western and southern regions.
The Rs 730-crore project in Silvassa signals a big step forward in Hindalco's downstream strategy as the Company revives its long-term downstream investment plan. The Company's intent is to build a larger value-added product portfolio over the next few years. This investment indicates confidence in the economic revival, which in turn will grow the demand for downstream value-added products.
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