Hindalco Industries’ arm to acquire entire stake in Ryker Base
3rd Nov 2021

Hindalco Industries’ wholly owned subsidiary -- Renuka Investments and Finance has signed a Share Purchase agreement (SPA) to acquire 100% equity in Ryker Base. The acquisition will strengthen Hindalco Industries’ copper rod manufacturing capacity by providing a time to time market advantage allowing the Company to cater to the growing demand from electrical and electronic sectors.

Hindalco Industries is an industry leader in aluminium and copper. The company’s aluminium units across the country encompass the entire gamut of operations from bauxite mining, alumina refining, aluminium smelting to downstream rolling, extrusions, foils and alloy wheels, along with captive power plants and coal mines.