Hindalco Industries Limited — Others, 28-05-2025: Shareholders meeting

Hindalco Industries has announced a board meeting to seek shareholder approval via postal ballot for multiple related party transactions. This includes acquiring EMIL Mines and Mineral Resources, the leaseholder of the Bandha coal block, from Essel Mining for up to ₹4200 Cr to secure coal supply for expanding aluminum capacities. It also plans transactions with Grasim Industries worth up to ₹2535 Cr for chemicals, steel, aluminum products, and services. Multi-year deals with subsidiaries and joint ventures totaling significant amounts focus on aluminum product tolling, purchases, and sales to boost operational efficiency and supply chain stability, supporting cost control and business continuity.