Jindal Aluminium has concluded a Rs 100 crore acquisition of the assets of Indo Alusys Industries (IAIL) and commencement production at the revived Bhiwadi plant.
The acquisition of IAIL's assets covers its manufacturing unit located in the industrial area of Bhiwadi, Rajasthan.
Once fully operational, Jindal Aluminium's extrusion capacity is expected to rise from 1,25,000 tonne to 1,39,000 tonne. Apart from helping Jindal Aluminium to add capacity, the IAIL deal helps revive the local economy, benefit community and other stakeholders.
Jindal Aluminium started production at this newly acquired facility on 6 December 2021, with an initial capacity of 1,000 tpm, and the company plans to increase it to 4,000 tpm by the end of March 2022.
Jindal Aluminium plans to add capacity through both organic and inorganic options. Notable inclusions in 2020-21 were the addition of a fifth caster to the rolling division leading to its capacity expansion by 25 percent and commissioning one of India's largest environment-friendly powder coating facilities.