Hindalco Industries has duly completed disinvestment process of Hindalco Do Brazil Industria Comercia de Alumina (HDB). Earlier in February 2022, the company had entered into a Share Purchase Agreement (SPA) with Terrabel Empreedimentos, a Brazilian firm to divest entire equity shareholding in HDB.
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.
