Hindalco Industries Limited is stepping up its sustainability efforts with a groundbreaking INR 2000 crore investment in Copper and E-Waste recycling, aiming to tackle India’s growing e-waste problem. This strategic move aligns with the company’s broader commitment to environmental responsibility and positions it as a frontrunner in the global recycling industry.
India currently generates over 2 million tons of e-waste annually, yet only 10-15% of it is recycled. Hindalco’s initiative aims to address this gap by advancing Copper and E-Waste recycling, a sector expected to grow by 10-15% each year. The company has announced INR 2000 crore investment 50,000 tonne plant for copper and e-waste recycling and $10 billion is for the overall investments announced over the next 2/3 years. This will not only enhance India’s recycling capabilities but also create opportunities to tap into the expanding global market.
This venture supports India’s transition to a circular economy, promoting sustainable resource recovery and reducing environmental impact. Moreover, the rise of green technologies and recycling innovations is poised to generate millions of jobs in the sector, further boosting the economy. By spearheading these efforts, Hindalco is paving the way for India to emerge as a global leader in e-waste recycling, setting a benchmark for sustainability and economic progress.
Hindalco Industries Limited, a flagship company of the Aditya Birla Group, is a global leader in aluminum and copper manufacturing. Established in 1958, the company has grown to become one of the world’s most cost-efficient producers of aluminum and a significant player in copper production.
Hindalco’s operations span across the entire value chain, from mining bauxite and coal to refining alumina and producing aluminum products like rolled products, extrusions, and alloys. The company also holds a strong presence in downstream and value-added products, catering to industries like automotive, construction, packaging, and electronics. With a steadfast commitment to sustainability and innovation, Hindalco is advancing initiatives like e-waste recycling and green-tech solutions, reinforcing its role as a pioneer in sustainable industrial practices.
