AV Birla group to revamp Hindalco, Indal
Askaran Agarwala to head aluminium operations
The Rs 280-billion Aditya Birla group is revamping operations of its companies Hindalco and Indal following the acquisition of Indo Gulf’s copper business. The process is expected to take four months to be complete.
The group is planning to appoint a single officer to oversee all the financial operations of the three companies — Hindalco, Indal and Birla Copper. Mr Askaran Agarwala will look after the aluminium operations, while Mr Debu Bhattacharya will oversee the copper unit.
However, the group has taken initiatives to launch a retirement scheme for directors to retire at the age of 62. The move is expected to change the hierarchy at the company.
