It has been a landmark year for the Indian aluminium industry. Early in the year, Hindalco, one of the country’s biggest producers, became the first Indian aluminium maker to make its mark overseas with a big acquisition, paying $6bn for Novelis, the Canada-based can recycler and rolled-aluminium maker.
This was followed by Sterlite Industries, India’s largest non-ferrous metals producer, owned by Vedanta Resources of the UK, which held the country’s biggest listing on the New York Stock Exchange, raising $1.75bn.
