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Rusal to acquire up to 50% stake in Pioneer Aluminium Industries · Endata

◂ Announcements

Mar 13, 2025ACQUISITIONAndhra Pradesh, India

Rusal to acquire up to 50% stake in Pioneer Aluminium Industries

Rusal's subsidiary agreed to acquire up to 50% of Pioneer Aluminium Industries, which owns a 1.5 million tpy alumina refinery in Andhra Pradesh, India, for $244 million for an initial 26% stake.

Value

$244.0M

Status

Announced

Capacity

1.5 million tonnes per year

Productsmetallurgical-grade alumina

CompaniesRUSAL acquirer Pioneer Corp partner Pioneer Aluminium Industries target KCap Group partner

Sectors#Steel and Metal Products

“目标公司为一间于印度注册成立的公司，拥有并经营位于印度安得拉邦的冶金级氧化铝精炼厂，额定年产能150万吨。”beta.zhitongcaijing.com

2 sources
beta.zhitongcaijing.com俄铝(00486)拟收购Pioneer Aluminium Industries Limited股份Mar 14, 2025
longbridge.comRUSAL plans to acquire shares of Pioneer Aluminium Industries Limited | LongbridgeZhitongMar 14, 2025

Summarized from public sources; check the original articles before acting on it.

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