Indian aluminum giant Hindalco has announced an investment of INR 150 billion (approximately RMB 12.5 billion) in the Indian state of Madhya Pradesh to expand the aluminum smelting capacity of its existing and new factories.
Satish Pai, Managing Director of Hindalco, said in an interview with ANI, "We will invest only about INR 150 billion in Hindalco over the next two years. The group will also develop a large mining site called Banda