Jindal Aluminium Ltd (JAL) plans to invest ₹100-150 crore to increase capacity at its Bhiwadi plant by 60,000 tonnes per annum, its vice-chairman and managing director, Pragun Khaitan, told Mint in an interview.
The latest planned investment follows the company’s ₹250 crore investment in the facility in 2022, following an initial ₹100 crore investment for acquisition in 2021. This will take the total investment to around ₹500 crore, aiming to meet the growing demand.
“The way demand is growing, I think we need to work on all cylinders in terms of growth and these investments will help us achieve that,” he said.” Jindal Aluminium is India’s largest aluminium extrusion company with a current capacity of 1.25 lakh tonnes per annum. They have a major share in India’s extrusion market and are the largest manufacturer in the country. They are focusing on new opportunities in domestic manufacturing and are continuously increasing their share in the export market.
India currently has enough domestic capacity to meet the country’s aluminium demand of around 4 million tonnes per annum. Aluminium consumption in India is expected to grow at a CAGR of 10-11% over the next decade and Khaitan says the company will be at the forefront of meeting demand.
The company will invest heavily in innovation and R&D to reduce expenses and even streamline its processes and reduce waste, resulting in cost savings. , “We are primarily concerned about advancing technology, increasing productivity and controlling manufacturing costs. ”
“Our entire focus is on making it state-of-the-art; The lowest cost, best quality extrusion facility, maintaining the quality of extrusion coming out of this facility, in terms of technology intervention, in terms of plant design, in terms of facility construction, in line with all global standards,” Pragun said. ”Our emphasis is that we are not benchmarking ourselves with Indian competitiveness. We are benchmarking ourselves with global competition. ”
The company wants to focus on capital expenditure construction as well as technical manufacturing, as in the long term they focus on expanding to other markets and one such market is railways.
courtesy-Mintlive.com
