Hindalco Industries Limited , a leading aluminum and copper manufacturing company, has taken a significant step towards expanding its mining operations. The company has recently signed a Share Purchase Agreement (SPA) to acquire 100% equity stake in EMIL Mines and Mineral Resources Limited (EMMRL), a wholly-owned subsidiary of Essel Mining & Industries Limited (EMIL).

Key Details of the Acquisition

Acquisition Process and Timeline

The acquisition process is set to unfold in the coming weeks. Hindalco has stated that the completion of this acquisition is subject to the satisfactory fulfillment of conditions precedent under the SPA. Upon meeting these conditions, EMMRL will transition into a wholly-owned subsidiary of Hindalco Industries Limited.

Regulatory Compliance

In line with regulatory requirements, Hindalco has duly informed the stock exchanges about this development. The company has complied with Regulation 30 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015, and the SEBI Master Circular dated November 11, 2024.

Implications and Outlook

This acquisition aligns with Hindalco's strategy to strengthen its position in the mining sector. By bringing EMMRL under its umbrella, Hindalco aims to enhance its raw material security and potentially improve its operational efficiency in the long run.

While the financial details of the deal have not been disclosed in the current announcement, investors and industry observers will be keenly watching for any impact on Hindalco's financial performance and market position in the coming quarters.

As the completion date approaches, stakeholders will be looking forward to further updates on the integration process and the strategic role EMMRL may play in Hindalco's future operations.

Shares of major Indian aluminium producers rallied significantly as global aluminium prices soared, reflecting tight supply-demand dynamics in the market. The surge in stock prices comes amid a complex backdrop of international market movements and corporate developments.

Market Performance

Key Drivers

1. Global Aluminium Prices: Aluminium prices on the London Metals Exchange crossed $2,850 per tonne, driving the rally in Indian aluminium stocks.

2. Supply Constraints: Iceland's Century Aluminum announced a temporary production slowdown at its Grundartangi smelter due to equipment failure, reducing output by two-thirds.

3. US Tariff Increase: The United States raised tariffs on aluminium imports from 25% to 50%, potentially benefiting Hindalco Industries and its subsidiary Novelis by reducing competition in global markets.

Corporate Developments

Vedanta's Expansion Plans

Vedanta announced plans to invest an additional ₹1 lakh crore in Odisha, including:

• A ₹2,000-crore ferro-alloys plant in Keonjhar
• Two new aluminium parks

Hindalco's Acquisition Update

According to the latest LODR data, Hindalco Industries Limited provided an update on the acquisition of AluChem Companies, Inc. by its step-down wholly-owned subsidiary, Aditya Holdings LLC:

• A 'short-form' declaration was submitted to the Committee on Foreign Investment in the United States (CFIUS).
• CFIUS requested a 'long-form' declaration, which was subsequently submitted.
• Due to the ongoing U.S. federal government shutdown, statutory deadlines under the CFIUS review framework have been tolled.
• Once the shutdown concludes and CFIUS accepts the final filing, the review process may take up to approximately 105 days.

Hindalco's Novelis Plant Fire Recovery

Hindalco Industries provided an update on the fire incident at its wholly owned subsidiary Novelis Inc.'s plant in Oswego, New York that occurred on September 16, 2025. The company reported that extensive restoration efforts are underway to return operations to normal. The Hot Mill at the facility is expected to restart by the end of December 2025, followed by a 4-6 week production ramp-up period. Novelis has made detailed information about the incident available on its website.

The rally in aluminium stocks reflects the complex interplay of global supply dynamics, trade policies, and corporate strategies. Investors are advised to monitor these developments closely as they may continue to impact the sector's performance.