Hindalco signs deal with Norsk Hydro for Rs 247 cr aluminium business
COAL & MINING

Hindalco signs deal with Norsk Hydro for Rs 247 cr aluminium business

Aluminium manufacturing major Hindalco Industries Limited announced that it had signed an agreement with Norsk Hydro to acquire its aluminium extrusions business for an enterprise value of Rs 247 crore.

The acquisition will bring an integrated facility in Kuppam, Andhra Pradesh, to Hindalco.

The Kuppam aluminium extrusion plant has a capacity of 15,000 tonnes of aluminium extrusions, integrated with advanced value-added capabilities for surface finishing and fabrication.

The plant is located about 120 km from Bengaluru. It provides custom aluminium extrusion products and solutions for automobiles, building and construction, and industrial appliances.

After acquiring the plant, Hindalco Industries Limited will expand its footprint in South India, the second-largest extrusion market in India.

Managing Director of Hindalco Industries, Satish Pai, said that it is a strategic initiative to expand Hindalco's presence in the upper-end of the value-added market. It will enhance the company's capacity in high-end extrusions and fabricated solutions.

This agreement will increase the downstream capacity of Hindalco to meet the growing market demand. It will become an archetype for the company's upcoming state-of-the-art extrusions plant in Silvassa.

The Indian extrusions market might expand rapidly from 3,73,000 tonnes to about 8,50,000 tonnes by 2030.

Hindalco said that after commissioning the Kuppam and Silvassa plants, the company's extrusions are expected to boost from 60,000 tonnes to 1,09,000 tonnes capacity. The transaction of this acquisition is expected to close in FY23.

Image Source

Aluminium manufacturing major Hindalco Industries Limited announced that it had signed an agreement with Norsk Hydro to acquire its aluminium extrusions business for an enterprise value of Rs 247 crore. The acquisition will bring an integrated facility in Kuppam, Andhra Pradesh, to Hindalco. The Kuppam aluminium extrusion plant has a capacity of 15,000 tonnes of aluminium extrusions, integrated with advanced value-added capabilities for surface finishing and fabrication. The plant is located about 120 km from Bengaluru. It provides custom aluminium extrusion products and solutions for automobiles, building and construction, and industrial appliances. After acquiring the plant, Hindalco Industries Limited will expand its footprint in South India, the second-largest extrusion market in India. Managing Director of Hindalco Industries, Satish Pai, said that it is a strategic initiative to expand Hindalco's presence in the upper-end of the value-added market. It will enhance the company's capacity in high-end extrusions and fabricated solutions. This agreement will increase the downstream capacity of Hindalco to meet the growing market demand. It will become an archetype for the company's upcoming state-of-the-art extrusions plant in Silvassa. The Indian extrusions market might expand rapidly from 3,73,000 tonnes to about 8,50,000 tonnes by 2030. Hindalco said that after commissioning the Kuppam and Silvassa plants, the company's extrusions are expected to boost from 60,000 tonnes to 1,09,000 tonnes capacity. The transaction of this acquisition is expected to close in FY23. Image Source

Next Story
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?