Bhopal, Feb. 24 -- Hindalco Industries, a flagship company of the Aditya Birla Group, has signed a Memorandum of Understanding (MoU) with the Madhya Pradesh government to invest Rs 15,000 crore over the next two years.

The announcement was made at the Madhya Pradesh Global Investors Summit (GIS) 2025 in Bhopal on Monday.

Speaking to ANI, Hindalco's Managing Director Satish Pai stated, "In the next two years we will be investing about 15,000 crores just from the Hindalco side. And we will also be from the group side opening a large mine called Banda."

Hindalco already has an extensive footprint in the state, with existing investments worth Rs 25,000 crore, primarily focused on its world-class aluminium smelter in Mahan, located in the S...