New Delhi: Hindalco Industries, part of the Aditya Birla Group, announced on Friday that it is bidding for two nickel and cobalt mines in Maharashtra and Karnataka. Speaking to the media, Hindalco’s Managing Director Satish Pai stated that the company is focusing on acquiring mineral blocks within India rather than looking overseas.
“We are bidding for two nickel-cobalt mines,” Pai confirmed.
These critical minerals, including copper, lithium, nickel, cobalt, and rare earth elements, are essential for modern clean energy technologies like wind turbines, electric vehicles, and electricity networks.
“We are participating in these auctions because we believe there are many untapped mines in India. The government is offering nickel-cobalt, lithium, and copper mines, and we are focusing on India rather than abroad,” Pai explained.
Although Hindalco had bid for a lithium block earlier, it was not successful. “We are concentrating on critical mineral activities in India where we have expertise,” Pai added. He also mentioned that the company will not bid for coal blocks as it plans to expand in renewable energy instead. The government has begun auctioning 38 blocks of critical minerals.
Hindalco Industries Ltd is the leading metals company of the Aditya Birla Group.
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