The Aditya Birla Group will soon separate the copper business of Indo Gulf Corporation and merge it with Hindalco Industries, creating India's largest non-ferrous metals producer with a turnover topping Rs 60 billion. The move will bring the company's metal capacity to close to 400,000 tons of copper and aluminium, which will rise to 600,000 tons in about two-years time, once all the expansions are complete. The merger of the two non-ferrous groups will also help the AV Birla Group to mount an aggressive bid for Nalco, Asia's biggest alumina maker, whose acquisition is likely to cost in the region of Rs 50-70 billion.
NSTL
