MUMBAI: The Aditya Birla group’s move to buy Kanoria Chemicals will help its flagship Hindalco to consolidate the supply of caustic soda which is the main feedstock for alumina that is used to produce aluminium. Aditya Birla Chemicals (India ) (ABCIL) will take over Kanoria’s chloro chemicals pision for Rs 830 crore. “ At 9:45 am, shares of Kanoria Chemicals were trading 19.93% up at Rs 49.35 and shares of Hindalco were trading 0.93% up at Rs 211.85 on the Bombay Stock Exchange. Kanoria’s plant is located close to Hindalco’s manufacturing unit at Renukoot in Uttar Pradesh. After meeting the captive requirements, we will sell the rest to units in eastern India where major aluminium capacities are coming up,” said Lalit Naik, business head (chemicals ), Aditya Birla group. Out of the total caustic soda capacity of 115,000 tpa, Kanoria will supply 90,000 tpa to Hindalco. The acquisition of Kanoria will help the group to boost its chloro chemicals capacity to 5.40 lakh tpa from 4.25...