Aluminium manufacturer Hindalco Industries has announced its intention to establish a battery foil manufacturing facility at Sambalpur in Odisha.

The plant will be set up with an investment of Rs 800 crore to tap the fast-expanding electric vehicle market.

Hindalco Industries said,"The plant, to be commissioned by July 2025, will initially produce 25,000 tonnes of the aluminium foil which forms the backbone of lithium-ion and sodium-ion cells."

"Hindalco Industries is investing Rs 800 crore to build a new plant near Sambalpur in Odisha that will initially produce 25,000 tonnes of the resilient product which forms the backbone of Lithium-ion and Sodium-ion cells," the company said in a statement.

Hindalco Industries managing director Satish Pai said,"We are seeing a fast traction in battery materials demand, driven by an impressive outlook for the electric vehicle and grid storage sectors. Raw material localisation is critical in such strategic sectors."

"Hindalco is thus making various investments in battery materials and technologies towards building Atmanirbhar Bharat. Investment in this new battery foil mill is another such step in this direction," he added.