Hindalco Industries production to reach full capacity by H2/FY21

It completed the buyout of Aleris Corp by its wholly-owned subsidiary Novelis

Hindalco Industries, Upstream plants, Logistics infrastructure, Novelis, North America, China, Capital expenditure, Aleris Corp, Aluminium, Aerospace, Specialty aluminium

Hindalco Industries upstream plants are operating at near full capacity with all logistics infrastructure coming back on track.

At Novelis, Hindalco Industries wholly-owned subsidiary too all plants are operational, and many are now running at their full capacity. All the automotive customers in North America and China are now pulling at nearly pre-COVIDlevels.

The company's capital expenditure guidance for FY21 with Novelis’ capex is fixed at USD 450-USD 500 million and Hindalco Industries domestic capex at Rs 1,500 crore.

Hindalco Industries completed the buyout of Aleris Corp by its wholly-owned subsidiary Novelis at an enterprise value of USD 2.8 billion (Rs 21,295 crore) in April 2020. The divestment procedures for Aleris’ automotive assets are underway.

This acquisition will add aerospace and speciality aluminium capabilities to Novelis’ portfolio.

Most Popular


Olympia Group announces to build up 1.1mn sq-ft greenfield it park in Guindy
The project will have a total investment of about Rs 750 crore


Vital pre-monsoon building works resume in Maharashtra
The state government has permitted pre-monsoon work by BMC and other agencies

Latest Issue

Sept 2020
01 Sep 2020