Hindalco Industries Limited announced plans to set up a 34,000-tonne extrusion plant at Silvassa. The new plant will service the fast-growing market for extruded aluminium products in the western and southern regions. The INR 7,300 million project in Silvassa signals a big step forward in Hindalco's downstream strategy as the Company revives its long-term downstream investment plan. The company's intent is to build a larger value-added product portfolio over the next few years. This investment indicates confidence in the economic revival, which in turn will grow the demand for downstream value-added products. The Silvassa plant will be the first of its kind in India. The fully automated plant includes three extrusion presses and will enable Hindalco to service premium customers in the building & construction, auto & transport, electrical, consumer and industrial goods sectors. Aluminium is gaining ground as the preferred sustainable metal across these sectors as it is infinitely recyclable and enables industries to integrate circular economy models in their operations. The aluminium extrusion market in India is expected to grow exponentially - from the current level of around 373,000 tonnes to reach about 850,000 tonnes by 2030. The western and southern regions of the domestic market account for over 60% of the extrusion market. The Silvassa facility will allow Hindalco to serve customers in these regions with superior quality, faster service and shorter response times. Hindalco's existing extrusion plants in Renukoot in Uttar Pradesh and Alupuram in Kerala cater mainly to the auto, defence, aerospace and industrial segments. The Silvassa facility will add an additional 34,000-tonne capacity with a focus on the B&C segment which comprises over 60% of the extrusion market, apart from auto, transport and other segments. Commercial production at the plant is expected to start in 24 months. The increase in adoption of aluminium in diverse industry sectors is in line with global awareness of aluminium's lightweight strength and infinite recyclability as a sustainable raw material.