Hindalco Industries Ltd has entered a Share Purchase Agreement to acquire 100% equity in EMIL Mines and Mineral Resources Ltd (EMMRL), a subsidiary of Essel Mining. The acquisition, expected to close by November 30, 2025, aims to secure long-term coal supply for Hindalco’s aluminium operations.
In a strategic move to bolster its raw material security, Hindalco Industries Ltd, the metals flagship of the Aditya Birla Group, has announced the acquisition of EMIL Mines and Mineral Resources Ltd (EMMRL). The company signed a Share Purchase Agreement (SPA) on October 24, 2025, to acquire the entire equity stake in EMMRL, a wholly-owned subsidiary of Essel Mining & Industries Ltd (EMIL).
EMMRL holds the mining lease for the Bandha coal block in Madhya Pradesh, a critical asset for Hindalco’s aluminium smelting operations. The acquisition is valued at ₹48 lakh, with Hindalco also assuming ₹1,131 crore in debt. The deal is expected to be completed by November 30, 2025, subject to customary regulatory and shareholder approvals.
Major Takeaways:
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Transaction Structure: Hindalco will acquire 100% equity in EMMRL through a formal SPA, signed on October 24, 2025.
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Strategic Asset: EMMRL owns the Bandha coal block lease, vital for Hindalco’s long-term fuel security.
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Financial Details: The acquisition is priced at ₹48 lakh, with Hindalco taking on ₹1,131 crore in debt obligations.
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Timeline: Completion is targeted for November 30, 2025, pending regulatory and shareholder approvals.
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Operational Impact: The move ensures a stable coal supply for Hindalco’s aluminium operations, aligning with its growth and sustainability goals.
This acquisition marks a significant step in Hindalco’s vertical integration strategy, reinforcing its position in the energy-intensive aluminium sector.
Sources: InvestyWise, Business Standard, Hindalco SE Filing