Hindalco to buy Hydro’s plant in A.P.
The Hindu
Hindalco Industries Ltd. of the Aditya Birla Group said it had agreed to acquire Hydro’s aluminium extrusions business in India for an enterprise value of ₹247 crore. This acquisition from Hydro, the
Hindalco Industries Ltd. of the Aditya Birla Group said it had agreed to acquire Hydro’s aluminium extrusions business in India for an enterprise value of ₹247 crore.
This acquisition from Hydro, the Norway-headquartered aluminium and energy company, brings into the Hindalco fold an integrated facility located in Kuppam, Andhra Pradesh, an experienced team of employees and the ability to serve a robust portfolio of reputed customers, the company said.
The plant has a 15,000-tonne aluminium extrusions capacity and is integrated with ‘advanced value-addition capabilities’ for surface finishing and fabrication.
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