Mumbai, December 12, 2023.
Aluminium producer Hindalco Industries on Tuesday announced its plan to set up a battery foil manufacturing facility at Sambalpur in Odisha with an investment of Rs 800 crore to tap the fast-expanding electric vehicle market.
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.