🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥

Startup Showcase

Premium Content

Try our Valuation Calculator →

News on Medial

Hindalco to set up ₹800 cr EV battery foil unit in Odisha

Livemint

Livemint · 1y ago

Hindalco to set up ₹800 cr EV battery foil unit in Odisha

Hindalco Industries, the Aditya Birla Group's aluminium flagship, plans to invest ₹800 crore in setting up a new plant in Odisha, India, to manufacture high-quality aluminium foil for rechargeable batteries. The plant is projected to produce 25,000 tonnes initially and aims to meet the growing demand for battery-grade aluminium foil in India, which is expected to reach 40,000 tonnes by 2030. Hindalco is focusing on the development of advanced battery materials and technologies to support the growth of the electric vehicle and energy-storage systems market.

Related News

Odisha clears JSW's Rs 40,000 Crore proposal to set up EV manufacturing units

OutlookIndia

OutlookIndia · 1y ago

Odisha clears JSW's Rs 40,000 Crore proposal to set up EV manufacturing units

The Odisha government has approved a proposal by the JSW Group to establish electric vehicle (EV) manufacturing units in Cuttack and Jagatsinghpur districts with an investment of Rs 40,000 crore. The project aims to create over 11,000 jobs. JSW plans to set up an EV and EV battery manufacturing project in Cuttack, along with an original equipment manufacturing (OEM) plant for EVs and components. In addition, a complex for EV components manufacturing, including a copper smelter and a lithium smelter, will be set up in Jagatsinghpur. The state government also approved various other policies and projects.

Hindalco to invest Rs 45,000 Cr for aluminium, copper businesses over four years

YourStory

YourStory · 8m ago

Hindalco to invest Rs 45,000 Cr for aluminium, copper businesses over four years

Hindalco, part of the Aditya Birla Group, plans to invest ₹45,000 crore in aluminium, copper, and speciality alumina over the next three to four years, focusing on upstream operations. The initiative aims to enhance value-added products, doubling the downstream contribution to 30% of total profits. Funded by internal accruals, these efforts include renewable energy solutions and India's first Copper Foil facility for EVs, positioning Hindalco as a force for innovation and sustainability in various industrial sectors.

JSW Group not withdrawing ₹40,000 crore EV manufacturing project from Odisha | Mint

Livemint

Livemint · 1y ago

JSW Group not withdrawing ₹40,000 crore EV manufacturing project from Odisha | Mint

JSW group has denied reports of withdrawing its ₹40,000 crore electric vehicle (EV) manufacturing project from Odisha to Maharashtra. The conglomerate had signed a memorandum of understanding (MoU) with the Odisha government in February to establish an EV and battery manufacturing project in Cuttack and Paradip. However, recent reports suggested the company was considering shifting the project to Maharashtra. JSW group has clarified that it is not withdrawing from Odisha. The project includes a 50 GWH EV battery plant, EV manufacturing, lithium refinery, copper smelter, and related component manufacturing units.

Foxconn working on plans to set up battery energy storage system unit in India

YourStory

YourStory · 1y ago

Foxconn working on plans to set up battery energy storage system unit in India

Taiwan's Foxconn is planning to establish a battery energy storage system (BESS) unit in India. The company aims to expand its battery manufacturing business, with a focus on the electric vehicle (EV) segment. Foxconn has already set up its first BESS unit in Taiwan, with mass production expected to start this year. It is also in discussions to establish a BESS factory in Indonesia. The BESS unit in India will complement Foxconn's plans to manufacture EVs in the country, which will begin production "very soon". Foxconn has already invested over $1.4bn in India and employs over 48,000 people.

Urja Mobility Bags INR 100 Cr To Lease EV Batteries

Inc42 · 1y ago

Urja Mobility Bags INR 100 Cr To Lease EV Batteries

- Urja Mobility plans to use the capital to scale operations and expand their retail footprint and product portfolio. - The startup intends to raise an additional INR 250 Cr in the first quarter of 2025 to further scale up its retail network. - Urja Mobility was founded in 2023 and specializes in providing EV battery solutions. - The company offers battery leasing services to EV consumers and fleet operators based on a pay-per-use model. - The latest funding round will help propel the growth of Urja Mobility in the EV market.

JSW Group looks to participate in lithium mines auction: Sajjan Jindal

Money Control

Money Control · 1y ago

JSW Group looks to participate in lithium mines auction: Sajjan Jindal

The JSW Group is planning to participate in the auction of lithium mines as part of its efforts to create a robust electric vehicle (EV) ecosystem with a strong supply chain. The conglomerate aims to lower EV production costs by enhancing local sourcing and leveraging its subsidiaries. JSW Group recently received permission from the Odisha government to set up an EV components manufacturing complex, and now plans to source components from this plant to reduce production costs. The group recognizes the importance of lithium, a sought-after mineral used in EV batteries, and intends to secure its supply through participation in mine auctions.

Started with ₹30000, Odisha founder built a ₹10 cr edtech venture

Inshorts · 6m ago

Started with ₹30000, Odisha founder built a ₹10 cr edtech venture

To upskill Indians, an Odisha entrepreneur quit a ₹7–8 LPA job to start Skyy Skill Academy in 2018 with ₹30,000. The edtech has trained 2 lakh+ students via various modes, placed 800+ in jobs, and generated ₹10 crore in revenue. Now aims for ₹25 crore by 2025, plans for COEs and a Skill University.

Zomato, Battery Smart join hands to provide battery swapping access to delivery partners

Economic Times

Economic Times · 2y ago

Zomato, Battery Smart join hands to provide battery swapping access to delivery partners

Zomato has teamed up with Battery Smart to offer battery-swapping services to its delivery partners. This collaboration grants Zomato's delivery partners access to Battery Smart's network of over 800 swap stations in 30+ cities, aiding electric two and three-wheeler operations for online food deliveries.

Odisha CM lays foundation stone for JSW Group's Rs 65,000 crore steel facility

Money Control

Money Control · 1y ago

Odisha CM lays foundation stone for JSW Group's Rs 65,000 crore steel facility

Odisha Chief Minister Naveen Patnaik has laid the foundation stone for JSW Group's steel project in Odisha, with an estimated investment of Rs 65,000 crore ($8.8 billion). The project, set to be located at Dhinkia Nuagaon and Gadakujanga, will have an annual steel manufacturing capacity of 13.2 million tonnes, along with a cement manufacturing unit and a modern township. JSW Steel expects the project to generate approximately 30,000 direct and indirect jobs and drive economic growth in the region.

Vietnam’s VinFast breaks ground for ₹4,000 cr EV factory in Tamil Nadu

Thehindubusinessline

Thehindubusinessline · 1y ago

Vietnam’s VinFast breaks ground for ₹4,000 cr EV factory in Tamil Nadu

Vietnamese electric vehicle (EV) manufacturer VinFast is set to invest INR 4,000 crore (approximately $538 million) in a new integrated EV manufacturing unit in Tamil Nadu, India. Construction has begun on the 400-acre site, which is expected to generate 3,000-3,500 jobs and have an annual capacity of 150,000 units. VinFast plans to produce electric cars and two-wheelers at the facility, catering to the Indian market as well as countries in South Asia, the Middle East, and Africa. The company has also requested a reduction in import duties on EVs.

Trackers

Active Indian VC’s

OG Capital Email

With a hands-on approach, OG Capital aims to invest in over 20 promising...

Accel Partners Email

Early and growth-stage investments in disruptive technology companies with...

Early-stage venture capital firm investing in technology startups in India. Focus on...

Access All Trackers

Startup Showcase Winners

Sept 2025

Your Health, Simplified with Smart Care

An ecosystem for curated creative partnerships

Your Health our Priority.

Enter Ongoing Startup Showcase

Top Users

Trending News on Medial

SIDBI Announces First Close Of An ...

JSW Energy CFO Pritesh Vinay quit ...

Apple sales growth in India at 6- ...

Download the medial app to read full posts, comements and news.