Hindalco Industries Limited an Indian aluminium and copper manufacturing company, is a subsidiary of the Aditya Birla Group.

Novelis operates as an independent subsidiary with its own leadership team and remains headquartered in Atlanta, Georgia.

[8] The day after Hindalco announced the acquisition its stock fell by 13% resulting in a US$600 million drop in market capitalisation.

Shareholders criticised the deal but Kumar Mangalam Birla responded that he had offered a fair price for the company and stated, "When you are acquiring a world leader you will have to pay a premium.

"[8] In June 2000, acquisition of controlling stake in Indian Aluminium Company Limited (Indal) with 74.6 per cent equity holding.

[12] In July 2007, Hindalco announced it is acquiring the stake of Alcan Inc. in the Utkal Alumina Project located in Doraguda, Odisha.