Mumbai| June 8, 2026 Andhra Pradesh Minister for Education, IT and Electronics, Nara Lokesh, held discussions with senior leadership of RUSAL, one of the world’s largest aluminium producers, on the sidelines of the St. Petersburg International Economic Forum (SPIEF) 2026.
The meeting focused on RUSAL’s recent investment in Andhra Pradesh and opportunities to expand the state’s aluminium value chain through downstream manufacturing.
Minister Lokesh reviewed the progress of RUSAL’s investment in Pioneer Aluminium Industries, in which the company acquired a 26 percent stake in March 2025. Located in Andhra Pradesh, Pioneer operates a 1.5 million tonne per annum alumina refinery that serves both domestic and international markets.
During the discussions, Minister Lokesh invited RUSAL to explore the next phase of investment by establishing downstream aluminium smelting capacity alongside the existing alumina refinery. Such an expansion would enable the conversion of alumina produced in Andhra Pradesh into primary aluminium, creating substantially higher value addition, employment and export opportunities within India.
The two sides also discussed the possibility of developing a fully integrated aluminium manufacturing ecosystem in Andhra Pradesh, leveraging the state’s industrial infrastructure, deep-water ports, logistics connectivity and growing renewable energy capacity. The proposed expansion could support India’s rapidly growing demand for aluminium from the automotive, aerospace, power, construction and advanced manufacturing sectors.
“Rather than exporting alumina, Andhra Pradesh has the opportunity to move further up the value chain and become a major producer of value-added aluminium products for domestic and global markets,” Minister Lokesh said during the discussions.
RUSAL’s leadership shared updates on the company’s Indian operations and outlined its long-term interest in supporting the growth of India’s metals and manufacturing sectors. The company stated that it would evaluate the proposals discussed during the meeting and explore future opportunities for expanding its presence in Andhra Pradesh.
About RUSAL
Headquartered in Moscow, RUSAL is one of the world’s largest aluminium producers and a leading supplier of low-carbon aluminium. The company operates across the entire aluminium value chain, including bauxite mining, alumina refining and aluminium production. With operations across 20 countries and a workforce of more than 90,000 employees, RUSAL serves customers in the automotive, aerospace, packaging, construction and energy sectors worldwide.
Susanta Subudhi OSD Media Relations, Government of Andhra Pradesh
