Hindalco Industries inches up as its arm to acquire 100% stake in AluChem Companies
Hindalco Industries is currently trading at Rs. 670.25, up by 0.70 points or 0.10% from its previous closing of Rs. 669.55 on the BSE.
The scrip opened at Rs. 678.50 and has touched a high and low of Rs. 678.50 and Rs. 668.05 respectively. So far 166863 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 772.00 on 03-Oct-2024 and a 52 week low of Rs. 546.25 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs. 678.50 and Rs. 635.35 respectively. The current market cap of the company is Rs. 150878.79 crore.
The promoters holding in the company stood at 34.64%, while Institutions and Non-Institutions held 53.14% and 8.54% respectively.
Hindalco Industries’ step-down wholly owned subsidiary -- Aditya Holdings LLC has signed a definitive agreement to acquire 100% stake in a company namely AluChem Companies, Inc., a prominent manufacturer of Specialty Alumina, for an enterprise value of $125 million. This strategic acquisition marks a significant investment in specialty alumina, a key step in scaling its high-value, technology-led materials portfolio.
AluChem Companies brings Hindalco Industries a strong presence in North America with an annual capacity of 60,000 tons across its three advanced manufacturing facilities in Ohio and Arkansas. The company is a long-established supplier of ultra-low soda calcined and Tabular Alumina-materials known for their exceptional thermal and mechanical stability used in cutting-edge applications in high precision mechanical components, and energy-intensive industrial refractories.
Hindalco Industries is an industry leader in aluminium and copper. The company’s aluminium units across the country encompass the entire gamut of operations from bauxite mining, alumina refining, aluminium smelting to downstream rolling, extrusions, foils and alloy wheels, along with captive power plants and coal mines.
