Hindalco shares rise on acquiring US-based AluChem Companies for $125 million

Shares of the country's biggest aluminium and copper producer, Hindalco, rose as much as 1.34% to hit an intraday high of ₹678.50 on BSE on Wednesday, June 25.

Hindalco post market hours on Tuesday said that it has acquired 100% stake in US-based AluChem Companies for an enterprise value of $125 million. AluChem Companies is a prominent manufacturer of specialty alumina

On the National Stock Exchange, Hindalco shares rose as much as 1.13% to hit an intraday high of ₹676.95.

The acquisition will be carried out through Aditya Holdings LLC, a stepdown wholly owned subsidiary of Hindalco. This strategic acquisition marks a significant investment in specialty alumina, a key step in scaling its high-value, technology-led materials portfolio, Hindalco said.

Hindalco’s Specialty Alumina business, a key pillar of its value-added strategy, has delivered consistent double-digit growth in recent years and emerged as a high-growth, high-margin vertical within the company’s portfolio. As specialty alumina finds newer applications across cutting-edge sectors such as electric mobility, semiconductors, and precision ceramics, this acquisition propels Hindalco up the innovation curve—enabling access to next-generation alumina applications and driving value-accretive growth, the Mumbai-based metal maker added.

“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 high-impact 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,” said Kumar Mangalam Birla, chairman, Aditya Birla Group.

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.

Hindalco shares ended 1.19% higher at ₹670 on Tuesday.