Hindalco Industries’ wholly owned subsidiary -- Novelis Inc. is expecting to close Aleris Corporation acquisition in the fourth quarter of calendar year 2019, subject to customary closing conditions and regulatory approvals.
On July 26, 2018, Novelis announced it signed a definitive agreement to acquire Aleris Corporation. The acquisition continues to progress.
Hindalco Industries is an industry leader in aluminium and copper. The company’s aluminium units across the country encompass the entire gamut of operations from bauxite mining, alumina refining, aluminium smelting to downstream rolling, extrusions, foils and alloy wheels, along with captive power plants and coal mines.