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Hindalco purchases 150 acres land at Payal Industrial Park

Infrastructure  -  Jan 03,2024  - 

Aditya Birla Group's Hindalco Industries is planning to establish a e-waste recycling plant in India.

The company has purchased 150 acres of prime industrial land at Payal Industrial Park in Dahej, Gujarat for this purpose.

The purchase was made from Arete Group, a prominent industrial real estate player based in Gujarat.

Siraj Saiyed, director of Arete Group, stated, “Hindalco’s trust with Arete Group corroborates the Vision of PIP to develop as an ideal destination in India for industrial development. The greenfield project aligns with our commitment to fostering innovation and sustainable industrial development in the nation. PIP is designed to provide the ideal environment for such transformative initiatives, and we look forward to contributing to the success of Hindalco’s visionary project.”

Strategically located PIP, sprawling across 3,500 acres, offers plug-and-play industrial land and infrastructure tailored to the specific needs of corporates.

Company : Hindalco Industries