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

24 Dec 2021 CW Team

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

Infrastructure Urban

09 Jan 2026

Mount Invests Rs 250 Cr, Adds PUF & PEB Plants, 400+ Jobs

TUMKUR, Karnataka, January 8, 2025 - Mount Roofing & Structures Private Limited, one of India's fastest-growing manufacturers in PUF and a leading solutions provider across Pre-Engineered Building (PEB) and Polycarbonate sheets, simultaneously inaugurated its second fully automated continuous Sandwich Panel manufacturing line and a new PEB manufacturing plant at its integrated campus in Tumkur." The milestone expansion, part of a total investment of INR 250 crores, marks a significant advancement in the company's commitment to engineered performance, manu..

Titan Intech Strengthens UltraLED Push With Global LED Veteran

Titan Intech has announced the induction of global LED industry veteran Su Piow Ko to its Board of Directors, marking a strategic step in strengthening its UltraLED Displays roadmap and building globally competitive LED display solutions from India.The appointment aligns with Titan Intech’s ambition to position India as a hub for advanced, high-quality LED display manufacturing. With an increased focus on UltraLED Displays, the company aims to enhance technical governance, raise manufacturing standards and expand its presence across global markets.Su Piow Ko brings over three decades of inte..

Dun & Bradstreet Flags New Growth Engines in India 2026 Outlook

Dun & Bradstreet has released its India 2026: D&B’s Perspective report, projecting a stable macroeconomic environment underpinned by fresh opportunities for productivity-led and inclusive growth. The report outlines how India’s next growth phase will be driven by digitised logistics, trusted data ecosystems, clean energy and rising city vitality.According to the outlook, India’s GDP growth is expected to reach around 6.6 per cent by FY2027, supported by resilient consumer demand and sustained public investment. Manufacturing is seen entering a new phase, moving beyond scale towar..