Hindalco adds downstream capacity; buys Hydro's Rs 247 cr unit in Andhra

Hydro's Kuppam plant has 15,000-tonne extrusion capacity and is integrated with advanced value addition capabilities for surface finishing and fabrication

Continuing to build its capex in the downstream segment, Hindalco Industries today signed a definitive agreement to acquire aluminium extrusions business for an enterprise value of Rs 247 crore from Norway-headquartered Hydro.

The transaction for the same is expected to close in the next quarter.

Hydro’s Kuppam plant in Andhra Pradesh has 15,000-tonne extrusion capacity and is integrated with advanced value addition capabilities for surface finishing and fabrication, the Aditya Birla group company release said.

Located about 120 kilometres from Bengaluru, the Kuppam facility offers custom aluminium extrusion products and solutions for auto, building & construction, and industrial applications.

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