首页|Indal to raise stake to 55 percent in Utkal Alumina
Indal to raise stake to 55 percent in Utkal Alumina
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NSTL
Indal, the Aditya Birla Group company, will raise its stake to 55 per cent in Utkal Alumina Limited, a greenfield project, company reports suggest. The two promoters of Utkal Alumina, Alcan and Indal, have broadly agreed upon that they would buy out Norwegian company's stake following the exit of Norsk Hydro from the project. According to reports, after the buyout, Indal's share would rise to 55 per cent, while Alcan's share would increase to 45 per cent. Before Hydro's exit, the three promoters' equity contribution was in the ratio 45 (Hydro), 35 (Alcan) and 20 (Indal).
NSTL
