Hindalco Industries will sell a land parcel in Maharashtra to Ekamaya Properties, a wholly-owned subsidiary of Birla Estates for Rs 595 crore.
On 12 July, 2023, the company had informed that the Board of Directors had approved a proposal for sale of a land parcel situated at Kalwa to Birla Estates. It will enter into a transaction with Ekamaya Properties. The transaction is subject to signing of definitive documents, completion of customary closing conditions and receipt of regulatory approvals.
Hindalco Industries operates across the value chain, from bauxite mining, alumina refining, coal mining, captive power plants and aluminium smelting to downstream rolling, extrusions, and foils.