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Hindalco Industries sells Kollur plant to Mundhra Alufoil

Tuesday, 30 Apr 2019
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Hindalco Industries has sold its Kollur plant in Telangana to Mundhra Alufoil. Kollur plant is primarily in the business of manufacturing and sales of aluminum foils.

The company has sold its business undertaking at Kollur on slump sale basis through a Business Transfer Agreement dated 26 April 2019.

The company’s Kollur plant is not in operation since March 2016, and the transaction will not have an impact on financials of the company.

The company's rolled products plants are located at Hirakud (Odisha), Belur (near Kolkata), Mouda (near Nagpur), Renukoot (Uttar Pradesh), and Taloja (near Mumbai).

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