Hindalco Ryker Base Acquisition Strengthens Copper Business
Hindalco Industries Ltd., the metals flagship of theย Aditya Birla Group, has agreed to acquireย Ryker Base Pvt. Ltd. (RBPL), a subsidiary ofย Polycab India Ltd.ย Theย Hindalco Ryker Base acquisitionย supports Hindalcoโs strategy to expand its copper value chain and serve Indiaโs accelerating demand for high-quality copper rod.
The deal values Ryker Base at aboutย โน323 croreย (roughlyย US$46.8 million).
How the Hindalco Ryker Base Acquisition Adds Capacity
Hindalco already operates one of the worldโs largest single-location custom copper smelters atย Dahej in Gujarat, withย 345,000 mtpyย of copper rod capacity. With theย Hindalco Ryker Base acquisition, the company adds another modern copper rod plant and, therefore, significantly lifts total output.
This extra capacity helps Hindalco supply the growingย electrical and electronics sectors, including power cables, building wires, motors and consumer devices.
Ryker Base Plant Technology and Capabilities
Ryker Baseโs plant inย Waghodia, Gujarat, uses aย gas-controlled shaft furnaceย and aย modular Hazelett twin-belt caster. The casting line feeds a caster station and a rolling mill withย 12 individually driven roll stands. Downstream equipment includes a cooling section, coiler and automated handling for compacting, strapping and packing finished wire rod coils.
The facility offers aย casting capacity of 35 t/hย and an annual installed production capacity of aboutย 225,000 mtpyย of copper wire rod.
Supporting Indiaโs Electrification and ESG Goals
โHindalcoโs copper is a vital input to Indiaโs accelerating journey on electrification, urbanization, renewables and e-mobility,โ said Hindalco Industries Managing Directorย Satish Pai. He explained that Hindalco is expanding capacity to meet the needs of both the nation and industry. He also noted that the Waghodia plant aligns well with Hindalcoโsย environmental, social and governance (ESG)ย strategy.
Theย Hindalco Ryker Base acquisitionย therefore supports cleaner, more efficient copper production for Indiaโs next wave of infrastructure and clean energy projects.
Advancing Hindalcoโs Downstream Strategy
The transaction also advances Hindalcoโs broader downstream growth plan. The company has already announced new projects, including anย aluminum extrusion facility in Silvassaย and aย flat-rolled products plant in Hirakud.
โThe Ryker deal will further enrich our portfolio of downstream products,โ Pai said, underscoring Hindalcoโs aim to move higher up the value chain with more finished and semi-finished metal products.
