Hindalco Industries Ltd.

With reference to the email dated July 19, 2022 seeking clarification on the news item appearing in the ‘Economics Times’ captioned ‘Aequs & Hindalco seal strategic alliance in commercial aerospace sector’. Hindalco Industries has clarified that Aequs is in Commercial aerospace business and planning to strengthening its Commercial aerospace business. Aequs has executed strategic partnership agreement for supply of raw materials including, billets and extrusions by Hindalco through its manufacturing units and/or its subsidiary, Hindalco Almex Aerospace (HAAL) to be ultimately consumed by commercial aerospace OEMs. The quantity of raw materials under the said agreement to be supplied to Aequs is miniscule considering the total size of Hindalco. Additionally, this business involves long development and qualification Cycles, given the industry standards involved. Therefore, there is no immediate impact. Further, there would be no significant impact on the profitability of Hindalco Industries (the company) arriving from the aforesaid arrangement.

The above information is a part of company’s filings submitted to BSE.