Recently the Hindalco Industries is planning to invest Rs 3,000 crore over the next two years in downstream projects to increase contribution of value-added products. The investment in increasing flat-rolled product capacity at Hirakud in Odisha itself will have an investment of Rs 2,700 crore and the rest of the capex will go for producing alumina speciality chemicals. The Hindalco Industries has developed special alumina and alumina hydrates products through in-house technological innovation by its research and development (R&D) team at its Innovation Centre-Alumina. The Hindalco company has already lined up an investment of Rs 700 crore in setting up 34,000 tonne aluminium extrusion plant at Silvassa.