Hindalco's $125 million AluChem acquisition faces regulatory delays as US government shutdown halts CFIUS review. The Committee on Foreign Investment in the United States suspended statutory timelines for examining the deal, temporarily putting the process on hold. Hindalco, the Aditya Birla Group's metals flagship, had announced the all-cash purchase of AluChem Companies Inc. to expand its specialty alumina portfolio and North American presence. AluChem operates three manufacturing facilities across Ohio and Arkansas with annual capacity of 60,000 tonnes. The shutdown-induced delay adds to Hindalco's existing challenges, including the delayed restart of its Novelis Oswego plant following fire incidents, which is expected to impact cash flows by Rs 14,400 crore. Despite these headwinds, Hindalco shares have risen 34% in the last six months and gained nearly 50% over the past year.
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