Hindalco Industries has bought a US company called AluChem for $125 million. AluChem makes a special kind of alumina (a material used in many industries). Hindalco made this deal through its smaller company, Aditya Holdings.

This is a big step for Hindalco. It wants to grow in the area of high-tech and advanced materials, and this deal will help. AluChem has three factories in the US (in Ohio and Arkansas) that can make 60,000 tons of specialty alumina every year.

This deal will make Hindalco stronger in the North American market and help it grow in industries like electric vehicles and semiconductors, where alumina is becoming more important. With AluChem’s advanced technology, Hindalco hopes to offer better products for the future and find new business opportunities in modern, clean industries.