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Hindalco Abandons $125M AluChem Acquisition Amid Prolonged Delays
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News18•02-10-2026, 14:00
Hindalco Abandons $125M AluChem Acquisition Amid Prolonged Delays
- •Hindalco Industries Ltd has terminated its proposed USD 125 million acquisition of US-based AluChem Companies Inc.
- •The decision was jointly made with AluChem due to extended closure delays beyond the control of either party.
- •The acquisition, announced in June last year, involved Aditya Holdings LLC, a step-down wholly-owned subsidiary of Hindalco.
- •Hindalco maintains its strategy to expand its speciality alumina business through high-value, technology-led products remains intact.
- •AluChem will continue to independently serve its customers, while Hindalco explores other opportunities, including in the US.
Key Questions Answered
Hindalco and AluChem jointly terminated the USD 125 million equity purchase agreement due to extended closing delays that were beyond the control of either party.
Hindalco currently operates 500 thousand tonnes of speciality alumina capacity and aims to scale up its capacity to 1 million tonnes by FY30.
The transaction to acquire AluChem for an enterprise value of USD 125 million was originally announced in June of last year.
