15th November, 2022

BSE Limited

National Stock Exchange of India Limited

Phiroze Jeejeebhoy Towers

Exchange Plaza, 5th Floor,

Dalal Street

Plot No. C/1, G Block,

Mumbai: 400 001

Bandra Kurla Complex, Bandra (East)

Mumbai - 400 051

Scrip Code: 500440

Scrip Code: HINDALCO

Mr. Daniel Schammo

Banque Internationale A

Luxembourg

Societe Anonyme

69, Route d'Esch

L-2953 LUXEMBOURG

Fax No. 00 352 4590 2010

Tel. NO. 00 352 4590-1

Dear Sir/ Madam,

Sub: Clarification on News Item - "Hindalco to plan new projects strictly in line with cash flows, won't borrow"

Re: Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations)

We refer to your letter / email dated 14 November, 2022 seeking clarification on the news item "Hindalco to plan new projects strictly in line with cash flows, won't borrow: MD Satish Pai" which appeared in the www.moneycontrol.comdated November 14, 2022.

The Company reviews various growth projects announced on an ongoing basis. We have made and will continue to make disclosures in compliance with our obligations under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and our agreements with the Stock Exchanges.

We wish to confirm that the Company is not aware about the reasons for the price

movement of our Company's security, as queried in the above said email/letter.

Hindalco Industries Limited

6th & 7th Floor, Birla Centurion, Pandurang Budhkar Marg, Worli, Mumbai - 400030, India T:+91 22 66626666/62610555 | F:+912262610400/62610500 | W: www.hindalco.comRegistered Office : Ahura Centre, 1st Floor, B wing, Mahakali Caves Road, Andheri (East), Mumbai - 400093, India

Corporate ID No: L27020MH1958PLC011238

We would also like to inform you that our Company has been giving timely disclosures of all material events as per Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and assure you to give timely disclosure of material events, if any, in future.

Kindly take note of the same and acknowledge the receipt.

For Hindalco Industries Limited

ANIL KUMAR KISHAN MALIK

Digitally signed by

ANIL KUMAR

KISHAN MALIK Date: 2022.11.15 12:12:49 +05'30'

Anil Malik

President & Company Secretary

Hindalco Industries Limited

6th & 7th Floor, Birla Centurion, Pandurang Budhkar Marg, Worli, Mumbai - 400030, India T:+91 22 66626666/62610555 | F:+912262610400/62610500 | W: www.hindalco.comRegistered Office : Ahura Centre, 1st Floor, B wing, Mahakali Caves Road, Andheri (East), Mumbai - 400093, India

Corporate ID No: L27020MH1958PLC011238

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Hindalco Industries Ltd. published this content on 15 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 November 2022 10:10:03 UTC.