Hindalco Industries Limited — JV/Acquisition, 20-05-2025: Acquisition

Hindalco has announced a board meeting on acquiring 100% equity in EMIL Mines and Mineral Resources, which owns the Bandha coal block with ~197 million tonnes of reserves and a 45-year mine life. Located 20 km from Hindalco’s Mahan plant, this deal secures fuel supply, boosting cost efficiency and operational stability. The acquisition involves a cash consideration of ₹48 lakh for equity, with the target carrying a net debt of ₹1,131 Cr. This move strengthens Hindalco’s upstream operations through assured coal availability.