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Time of India

Hindalco shares in focus after subsidiary acquires US-based AluChem for $125 mn

Hindalco's subsidiary has acquired US-based AluChem for $125 million, marking its entry into the low-soda tabular alumina space. The move boosts Hindalco's speciality alumina portfolio, strengthens its North American footprint, and aligns with its strategy to lead in high-tech, value-added materials. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Shares of Hindalco Industries , the metals flagship of the Aditya Birla Group , will be in focus on Wednesday after the company announced the acquisition of US-based AluChem Companies, Inc. for an enterprise value of $125 million. The deal will be executed through Aditya Holdings LLC, a step-down wholly owned subsidiary of marks the first entry by an Indian company into the low-soda tabular alumina segment, significantly strengthening Hindalco's presence in precision-engineered, high-performance industrial materials. Tabular alumina is a premium-grade material used in applications across refractories, ceramics, and advanced this acquisition, Hindalco enhances its footprint in North America and broadens its speciality alumina portfolio. The company's speciality alumina business — a key pillar in its value-added product strategy — has seen consistent double-digit growth and has emerged as a high-margin vertical in recent speciality alumina gains traction across sectors such as electric mobility, semiconductors, and precision ceramics, the acquisition positions Hindalco to access next-generation applications and drive innovation-led has a strong presence in North America, with an annual production capacity of 60,000 tonnes across three manufacturing facilities located in Ohio and Arkansas. It is a well-established supplier of ultra-low soda calcined and tabular alumina, known for its thermal and mechanical stability, catering to high-precision industries and energy-intensive 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 strategic foray into the speciality alumina space will not only accelerate the development of future-ready, sustainable solutions but also open new pathways to pursue high-impact growth opportunities."Hindalco shares have gained around 13% so far in 2025 and have delivered a robust return of 64% over the past two years. The company currently commands a market capitalisation of approximately Rs 1.5 lakh crore.: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of Economic Times)