Hindalco to invest Rs.10,000 crore

Hindalco Industries Limited is set to invest about Rs. 10,000 cr in its greenfield as well as brownfield projects. It is setting up an automotive sheet finishing plant in China while it will also be expanding its plants in Brazil, China and the US. Novelis Inc, a subsidiary of Hindalco, has made significant investments in recycling facilities in South America and Europe including Germany. The investments are being directed to tap the huge growth opportunities in the emerging markets and the increasing emphasis on using light-weight materials in the auto industry.