Hindalco Industries Limited has acquired a 100 per cent stake in AluChem Companies, a US-based manufacturer of specialty alumina, for an enterprise value of Rs 10.73 billion ($125 million). The acquisition will be undertaken by Aditya Holdings, the company’s step-down subsidiary. Alumina business segment of Hindalco has seen significant growth in recent years. The move comes amid rising demand for Alumina across sectors like electric mobility, semiconductors, and precision ceramics.
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