India's Hindalco Plans $2.1 bln Capex in FY11-Chair

MUMBAI, Sept. 6 -- Indian non-ferrous metals firm Hindalco Industries (HALC.BO: Quote) plans capital expenditures of 100 billion rupees ($2.1 billion) in the current financial year to March 2011, its chairman said on Friday.

The company's capital expenditure in the next financial year will be 110 billion rupees, Kumar Mangalam Birla said at its annual shareholder meeting.

"The capex is on account of our ongoing expansion program, which should be commissioned between 2012 and 2014," he said.

Hindalco, part of the diversified Aditya Birla group, is India's largest aluminium maker.