Kumar Mangalam Birla’s Hindalco seeks to expand into high-value aluminium downstream products in industries like aerospace with the acquisition, which faced regulatory hurdles
The Aditya Birla Group has used an inorganic growth strategy over the years. Hindalco’s latest purchase of aluminium firm Aleris will help it diversify its product basket and counter risks.
An Aditya Birla Group company, Hindalco, expects to diversify its products and customer mix with the acquisition that will make it the second largest aluminum producer in the world by capacity.
