Jindal Aluminium Limited (JAL) recently concluded an ₹100 crore acquisition of the assets of Indo Alusys Industries Limited (IAIL) and announced successful commencement of production at the revived Bhiwadi plant.
The acquisition of IAIL's assets covers its manufacturing unit located in the industrial area of Bhiwadi, Rajasthan. About 70km from the national capital, the location offers strategic access of the northern market to Jindal Aluminium and brings a potential capacity of 14,000 MTPA (Metric Tonnes Per Annum) extrusions. Once fully operational, Jindal Aluminium's extrusion capacity is expected to increase from 1.25 Lakh MTPA to 1.39 Lakh MTPA. The IAIL acquisition, besides enabling Jindal Aluminium to add capacity, also helps revive the local economy, benefit the community and other stakeholders.
Talking about the acquisition, Pragun Jindal Khaitan, VC & MD, JAL, stated, "The acquisition of the Bhiwadi plant of IAIL reflects our commitment to enrich the society through aluminium products, and it is a vision deeply imbibed by our Founder and Chairman, Dr Sitaram Jindal. With the growing use of engineered aluminium products in the Indian economy, this acquisition will allow us to better service the needs of the market and build capacity. Such inorganic growth allows us to focus on our core competencies and support the people, society and economy."