Mutual Funds Sahi Hai!
To avail the service, you will be redirected to loans.geojitcredits.com
Hindalco Industries Ltd is up for a fifth straight session in a row. The stock is quoting at Rs 680.45, up 1.16% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.62% on the day, quoting at 25402.2. The Sensex is at 83287.99, up 0.64%. Hindalco Industries Ltd has risen around 3.18% in last one month.
Meanwhile, Nifty Metal index of which Hindalco Industries Ltd is a constituent, has risen around 1.17% in last one month and is currently quoting at 9329.2, up 0.8% on the day. The volume in the stock stood at 33.44 lakh shares today, compared to the daily average of 49.51 lakh shares in last one month.
The benchmark June futures contract for the stock is quoting at Rs 681, up 1.27% on the day. Hindalco Industries Ltd is down 0.7% in last one year as compared to a 5.65% spurt in NIFTY and a 3.72% spurt in the Nifty Metal index.
The PE of the stock is 23.66 based on TTM earnings ending March 25.
The acquisition of AluChem Companies, as a stepdown subsidiary is a strategic move designed primarily to expand the company’s global footprint for its downstream portfolio of speciality alumina and alumina products.
AluChem brings Hindalco 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.
The company said that the global specialty alumina market is projected to grow significantly, with increasing demand for tailored solutions in sectors ranging from ceramics and electronics to aerospace and medical applications. Hindalco currently operates 500 thousand tons of specialty alumina capacity and aims to scale up to 1 million tons by FY30.
The transaction is expected to close in the upcoming quarter, subject to customary closing conditions and regulatory approvals.
Kumar Mangalam Birla, chairman of Aditya Birla Group, said, “This acquisition is an important step in our global strategy to build a leadership position in value-added, high-tech materials. Our strategic foray into the specialty alumina space will not only accelerate the development of future-ready, sustainable solutions but also open new pathways to pursue highimpact growth opportunities. By integrating advanced technologies into our value chain, we are reinforcing our commitment to self-reliance, import substitution, and building scale in innovation-led businesses.”
Satish Pai, managing director, Hindalco Industries, said, “This acquisition marks a pivotal step in strengthening our capabilities in next-generation alumina applications. As alumina gains increasing relevance in critical and clean-tech sectors, AluChem’s advanced chemistry capabilities will significantly enhance our ability to serve these fast-evolving markets. Importantly, it deepens our high value-added portfolio with differentiated products that drive profitability and strengthen our global competitiveness. It reinforces our commitment to innovation and to expanding our global footprint.”
Ronald P. Zapletal, founder, AluChem Companies, Inc., said, 'This partnership with Hindalco brings AluChem the ability and capital to scale up faster and build scale in North America. Aluchem will benefit from their world-class sustainability and safety standards and practices, access to integrated operations and consistent, reliable raw material supply chain. Their ability to leverage R&D capabilities and a talented workforce adds tremendous value to our innovation pipeline, helping drive market expansion beyond North America.'
Hindalco Industries, the metals flagship of the Aditya Birla Group, is the world's largest aluminium rolling and recycling company, a major copper player, and one of Asia's largest producers of primary aluminium. In India, the company’s aluminium manufacturing units cover the complete value chain, from bauxite mining, alumina refining, coal mining, captive power generation and aluminium smelting, to downstream value-addition of aluminium rolling, extruding, and foil making.
The Aditya Birla Group company’s consolidated net profit surged 66.4% to Rs 5,283 crore on 15.9% increase in revenue from operations to Rs 64,890 crore in Q4 FY25 over Q4 FY24.
The scrip rose 0.22% to Rs 671 on the BSE.