Jindal Aluminium Acquires Bhiwadi Plant of Indo Alusys for INR 100 crore
Jindal Aluminium Limited, India’s largest producer of Aluminium extruded products, has concluded an INR 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 community and other stakeholders.
“The acquisition of the Bhiwadi plant of IAIL reflects our commitment to enrich society through Aluminium products, and it is a vision deeply imbibed by our Founder and Chairman, Padma Bhushan Dr. Sitaram Jindal”. Said Pragun Jindal Khaitan, Vice Chairman and Managing Director of Jindal Aluminium Limited.
Jindal Aluminium started production at this newly acquired facility on 6th December, with an initial capacity of 1000 metric tonnes per month, and the company plans to increase it to 4000 metric tonnes per month by the end of March 2022.
“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. Further, it strengthens our position as India’s largest aluminium extrusion company and extends our lead in the sector”, adds Pragun Jindal Khaitan (Vice Chairman and Managing Director of Jindal Aluminium Limited).
Jindal Aluminium is focused on new opportunities in domestic manufacturing and is continuously increasing its share in the export market. The company 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% and commissioning one of India’s largest environment-friendly powder coating facilities.
About Jindal Aluminium Limited
Founded by Padma Bhushan Dr. Sitaram Jindal in the year 1968, Jindal Aluminium Limited is a pioneer in the manufacturing of Aluminium products. With state of an art facility and expertise in manufacturing intricate Aluminium profiles, it is the largest producer of Aluminium extruded and the second-largest producer of Aluminium flat-rolled products in India. The company believes in building an enriched society brought about by innovation and excellence in the manufacturing of Aluminium products.
Jindal Aluminium is the first Indian aluminium extrusion company with Hartford Steam Boiler (HSB) and ISO 9002 certification (currently revalidated as per IS/ISO 9001:2015). It is also certified by the American Bureau of Shipping (ABS) for marine applications and has a total manufacturing capacity of over 1.75 lakh metric tons per annum. To know more, visit www.JindalAluminium.com.
Media Resource Bank:
https://drive.google.com/drive/folders/1rHKFn6yRWBPt2rJUb7LZhF4W-TciOHZd?usp=sharing
Common Industry Jargons:
https://drive.google.com/file/d/1ELmy2IRAkbYerh1jvT5AywyGicqeYxRM/view?usp=sharing
Forward-looking cautionary declaration
This press release’s statements may be forward-looking statements or statements of future expectations based on currently available information. Such statements are naturally subject to risks and uncertainties. Factors such as but not limited to the development of general economic conditions, future market or industry conditions, unusual catastrophic loss events and other circumstances may cause the actual events or results to be materially different from those anticipated by such statements. Jindal Aluminium Limited does not make any representation or warranty, express or implied, regarding the accuracy, completeness or updated status of such statements. The company does not undertake to update any forward-looking statements that may be made from time to time on behalf of the company. Therefore, in no case whatsoever will Jindal Aluminium or its affiliate companies be liable to anyone for any decision made or action taken in conjunction with the information and/or statements in this press release.
