Hindalco to Acquire US-Based AluChem for $125 Million

26 Jun 2025 CW Team

Hindalco Industries, the Aditya Birla Group’s metals flagship, has announced the acquisition of a 100 per cent stake in US-based AluChem Companies, Inc. for US$ 125 million. The acquisition, through Hindalco’s wholly owned step-down subsidiary Aditya Holdings LLC, marks the company’s strategic foray into the specialty alumina segment.

This deal positions Hindalco as the first Indian player to enter the low soda Tabular Alumina space, expanding its reach in high-performance alumina used in sectors such as EVs, semiconductors, and precision ceramics. AluChem operates three advanced manufacturing facilities in Ohio and Arkansas, with a total capacity of 60,000 tonnes per annum and a robust presence in North America.

“This acquisition is an important step in our global strategy to build a leadership position in value-added, high-tech materials,” said Kumar Mangalam Birla, Chairman, Aditya Birla Group.

AluChem specialises in ultra-low soda calcined and Tabular Alumina known for their thermal and mechanical stability—critical to advanced industrial applications. The acquisition adds premium alumina grades to Hindalco’s portfolio and supports its aim to scale specialty alumina capacity to 1 million tonnes by FY30.

“This is a pivotal step in strengthening our capabilities in next-generation alumina applications,” said Satish Pai, MD, Hindalco Industries. “AluChem’s advanced chemistry capabilities will enhance our global competitiveness.”

The deal is expected to close in the next quarter, subject to regulatory approvals.

Infrastructure Transport

17 Sep 2025

Adani wins Kedarnath ropeway project to cut trek to 36 minutes

Adani Enterprises Ltd (AEL) has secured the contract to build a 12.9-km ropeway connecting Sonprayag with Kedarnath, a project expected to transform the pilgrimage experience. Awarded by National Highways Logistics Management Ltd (NHLML), the project will be executed under the National Ropeways Development Programme – Parvatmala Pariyojana.Currently, pilgrims undertake a gruelling nine-hour trek to Kedarnath. The ropeway will reduce this journey to just 36 minutes and can transport 1,800 passengers per hour in each direction, serving the nearly 20 lakh devotees who visit annually.The Rs 25,0..

Gurugram Rapid Metro to shift from DMRC to GMRL control

The Haryana Mass Rapid Transport Corporation Limited (HMRTC) has begun the process of transferring Gurugram’s Rapid Metro operations from the Delhi Metro Rail Corporation (DMRC) to Gurugram Metro Rail Limited (GMRL). The decision was taken at HMRTC’s 62nd Board meeting, chaired by chief secretary Anurag Rastogi.Committees have been formed to oversee the transition, covering technical, legal, and operational aspects, with definitive timelines being prepared. Until the transfer is complete, the system will be managed jointly by DMRC and GMRL.The Rapid Metro has shown notable performance impr..

Chandigarh Metro cost climbs to Rs 25,000 crore amid delays

The long-awaited Chandigarh Tricity Metro project has seen its estimated cost balloon to nearly Rs 25,000 crore, following delays in approvals by the Union Territory administration. The cost, which stood at Rs 23,263 crore in February 2025, has risen by Rs 1,737 crore in just seven months, according to officials.The matter was raised during the transport standing committee meeting of the Administrator’s Advisory Council, chaired by AAP state president Vijay Pal. A presentation by Rail India Technical and Economic Service (RITES) strongly recommended that the Metro is the most suitable mass r..