Following is from the Hindalco press release in December 2023 at https://www.hindalco.com/media/press-rel...-ev-market .
Quote:Hindalco to set up battery foil manufacturing facility in Odisha to tap EV-market
12 December 2023
25,000 tonne battery foil plant to be commissioned by July 2025
Provides a stellar thrust to the government's green initiatives
Mumbai: Hindalco Industries, the world's largest aluminium rolling and recycling company, plans to significantly expand its manufacturing capacity of fine quality aluminium foil that is used in rechargeable batteries to serve the rapidly growing market for electric vehicles (EVs) and energy storage systems. The company is investing Rs.800 crore to build a new plant near Sambalpur in Odisha that will initially produce 25,000 tonnes of the resilient product which forms the backbone of Lithium-ion and Sodium-ion cells.
By 2030, demand for battery grade aluminium foil in India is expected to grow manifold to 40,000 tonnes, primarily driven by mushrooming growth in gigafactories for advanced cell manufacturing.
“We are seeing a fast traction in battery materials demand, driven by an impressive outlook for the Electric Vehicle and Grid Storage sectors. Raw material localization is critical in such strategic sectors,” said Satish Pai, Managing Director, Hindalco Industries. “Hindalco is thus making various investments in battery materials and technologies towards building Atmanirbhar Bharat. Investment in this new battery foil mill is another such step in this direction.”
....
About Hindalco Industries
Hindalco Industries Limited is the metals flagship company of the Aditya Birla Group. Along with its subsidiary Novelis, Hindalco is the global leader in flat rolled products and the world's largest recycler of aluminium. With a global footprint spanning 52 manufacturing units across 10 countries, the company is committed to driving sustainable development through innovative solutions. Hindalco was ranked the world's most sustainable aluminium company in the Dow Jones Sustainability Indices (DJSI) in 2020, 2021 and 2022.