Hindalco expands capacity with ₹10,225 crore investment, reports strong Q2 FY26

Hindalco Industries Limited announced a capacity expansion of 193KT at its Aditya Aluminium unit in Odisha, with an estimated investment of ₹10,225 crores. The expansion is projected to be completed by FY2029 and will increase the existing capacity from 370KT to 563KT. Current utilization at the unit is 100%.

The company reported strong financial results for Q2 FY26, with consolidated revenue from operations at ₹66,058 crore, a 13% increase year-over-year. Consolidated profit after tax reached ₹4,741 crore, up 21% YoY, and consolidated EBITDA stood at ₹9,684 crore, a 6% increase YoY. The Indian aluminium upstream business saw EBITDA rise by 22% to ₹4,524 crore, while aluminium downstream recorded a 69% increase in EBITDA to ₹261 crore. Novelis shipments were flat at 941 KT, with adjusted EBITDA at $422 million, down 9%.

Hindalco also reported advancements in sustainability, including planting 1,500 fully grown trees and 4.41 lakh saplings in H1 FY26. The company is actively working towards reducing specific freshwater consumption and increasing waste recycling rates, with 78% of total waste recycled in Q2 FY26. The net debt to EBITDA (consolidated) was 1.23x as of September 30, 2025.