Rusal Expands in India: Acquires 26% Stake in Alumina Refinery for $243.75M, Eyes 50% Ownership

Russian aluminum giant Rusal announced on Friday that it has agreed to purchase a 26% stake in an Indian alumina refinery owner for $243.75 million. The company also plans to increase its stake to up to 50% in stages. This strategic investment aims to strengthen Rusal’s supply chain by reducing its dependence on third-party raw materials.

The move comes amid growing competition in the global aluminum industry, with companies seeking greater control over raw material sources to enhance production efficiency. Rusal’s investment in India is expected to bolster its presence in the region while ensuring a steady supply of alumina for its operations.