Hindalco Industries’ wholly owned subsidiary -- A.V. Minerals (Netherlands) N.V. has acquired 100% stake in a company namely ‘Aditya Holdings LLC’, thereby making it a step-down wholly owned subsidiary of the company. The acquisition of Aditya Holdings LLC as a step down wholly owned subsidiary is a strategic move designed primarily to expand the company’s global footprint for its downstream portfolio.
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.
