Hindalco Do Brazil Industria Comercia de Alumina is a wholly owned step-down subsidiary of Hindalco Industries. The consideration received from disposal is one Brazilian real. Hindalco expects completion of sale by 3 March 2022.
Hindalco Industries, the metals flagship company of the Aditya Birla Group, is the worlds largest aluminium rolling and recycling company, and a major copper player. It is also one of Asias largest producers of primary aluminium.
The company reported a 96% jump in consolidated net profit to Rs 3,675 crore in Q3 FY22 from Rs 1,877 crore reported in Q3 FY21.
Shares of Hindalco Industries were trading 7.16% higher at Rs 572 on BSE. The counter hit a 52-week high of Rs 580 on BSE.
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