August 23, 2023
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Hindalco plans Rs 2,000 crore copper, e-waste recycling unit
Hindalco will be playing a key role in India’s emergence as a manufacturing powerhouse, Kumar Mangalam Birla said.
Hindalco Industries will be investing up to Rs 2,000 crore to set up a “first of its kind” of copper and e-waste recycling unit in India, announced Kumar Mangalam Birla, the company’s chairman, while addressing its 64th AGM on August 22.
“I am delighted to announce that your company is making an investment of Rs 2,000 crore to establish the first of its kind Copper and E-waste recycling facility in India. This move addresses the mounting challenge posed by e-waste, recognised as the foremost waste stream on a global scale,” Birla informed.
At present, due to lack of advanced metal extraction and refining technologies domestically, a substantial volume of e-waste – considered as the foremost waste stream on a global scale – is exported to other nations, he pointed out.
“Bringing this cutting-edge technology to India marks a transformative step towards offering a tangible solution, aligned with your Company and our nation’s circular economy agenda,” the Hindalco chief noted.
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