The company stated that after its earlier disclosures on submitting a short-form declaration and later a long-form filing with CFIUS, the statutory timelines under the review mechanism have been suspended. Consequently, the ongoing CFIUS examination and the related deal process have been put on hold temporarily.
The Committee on Foreign Investment in the United States is an interagency body that evaluates foreign investments, mergers and certain real estate transactions for potential national security concerns. Chaired by the US Treasury Department, it has the authority to block, impose conditions on, or unwind transactions involving American businesses, especially in sectors linked to critical technologies, infrastructure or sensitive data.
The latest update relates to the proposed purchase of US-based AluChem Companies Inc. by Aditya Holdings LLC, a step-down wholly owned subsidiary of Hindalco Industries Ltd. In the previous year, Hindalco had announced the acquisition of AluChem for $125 million (Rs 1,075 crore) through an all-cash transaction.
AluChem manufactures speciality alumina products, while Hindalco’s portfolio in this segment includes special alumina and alumina hydrates produced in-house. AluChem operates with an annual production capacity of 60,000 tonnes across three manufacturing facilities located in Ohio and Arkansas, further bolstering Hindalco’s footprint in North America.
In a separate development earlier this month, the company said its US subsidiary Novelis delayed the Oswego plant restart after twin fire incidents disrupted operations last year.
The Novelis Oswego plant is now expected to restart only after late Q2CY26, following recent disruptions. The delay is likely to impact cash flows worth around Rs 14,400 crore ($1.3-$1.6 billion), although about 70–80% of the losses are expected to be recoverable through insurance, it said in a regulatory filing.Sensex, Nifty today: Catch all the LIVE stock market action here
Hindalco share price performance
Hindalco shares have risen 34% in the last six months and are up over 5% since the beginning of the year. In the last 1 year, the stock has been up nearly 50%.
The share price has soared a staggering 176% in the last 5 years.
Q3 snapshot
The Hindalco subsidiary reported a net loss attributable to common shareholders of $160 million, compared with a net income of $110 million in the prior year, largely due to the fires at its Oswego, US plant in September and November.
Domestically, the company reported a 45% YoY decline in its December quarter consolidated net profit at Rs 2,049 crore compared to Rs 3,735 crore posted in the year ago period.
The company’s revenue from operations grew 14% YoY to Rs 66,521 crore in Q3FY26, against Rs 58,390 crore in the October-December period of FY25.
The world’s largest aluminium producer reported a steeper sequential drop of 57% in profit after tax (PAT) compared to Rs 4,741 crore reported in Q2FY26. Meanwhile, the topline increased marginally by 0.7% versus Rs 66,058 crore in the July-September quarter of FY26.
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