This strategic investment resulted in a 40% increase in the company's total extrusion capacity, reaching 1,50,000 TPA.
15 Apr 2024 | 4779 Views | By Autocar Professional Bureau
Jindal Aluminium Limited recently marked a significant milestone with its Rs 400 crore investment, leading to substantial growth and job creation.
The company's journey began with the acquisition of Indo Alusys Industries Limited Bhiwadi assets for Rs 100 crore, followed by an additional investment of approximately Rs 300 crores ...
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Jindal Aluminium Limited recently marked a significant milestone with its Rs 400 crore investment, leading to substantial growth and job creation.
The company's journey began with the acquisition of Indo Alusys Industries Limited Bhiwadi assets for Rs 100 crore, followed by an additional investment of approximately Rs 300 crores to transform the 1,02,000 sq m campus into a state-of-the-art manufacturing facility. Utilizing cutting-edge production techniques, Jindal Aluminium enhanced efficiency and precision across its operations.
This strategic investment resulted in a 40% increase in the company's total extrusion capacity, reaching 1,50,000 TPA. The newly acquired plant, initially producing 500 tonnes per month, achieved an impressive turnaround, now producing 2500 tonnes of engineered Aluminium per month at Bhiwadi. The enhancements included the addition of a new foundry, extrusion presses, heat treatment, and surface treatment facilities, along with infrastructure developments to cater to customers, employees, and the local ecosystem.
Pragun Jindal Khaitan, Vice Chairman and Managing Director of Jindal Aluminium Ltd., commented “As the demand for engineered aluminium products continues to rise, this significant expansion aligns with our core strength of catering to the evolving market demands consistently. With steadfast focus on innovation, sustainability and quality, we are committed to contributing to the thriving economy and local community, shaping the future of the aluminium downstream industry in India."
Moreover, Jindal Aluminium's investment significantly impacted employment, generating over 1000 jobs at its Bhiwadi facility through various means. The company also prioritizes environmental and social responsibilities, working towards achieving 'Zero Water Discharge' through advanced wastewater treatment technologies. Additionally, it creates a conducive work environment by offering amenities such as food, accommodation, and recreational centers.