1. HINDALCO’S ACQUISITION OF INDAL PRESENTED BY KAMRAN KHAN On 26th April 2011 Shri Ramdeobaba College Of Engineering & Management , Nagpur

3. The company is the third largest producer of aluminium in India , after Hindalco industries.

4. The company has vertically integrated the aluminium operation from buaxite mining ,aluminium refining ,power generation and aluminium smelting ,to semi-fabricated product of sheet, foil and extrusions, as well as aluminium scrap recycling .

6. It is a vertically integrated the aluminium producer from buaxite mining ,aluminium refining ,power generation and aluminium smelting ,to downstream aluminum product.

8. The foils and sheets business of Indal will go a long way in adding value to Hindalco’s portfolio.

9. The deal has also boosted Hindalco’s export prospects.

11. Indal recorded a decent 16.7% rise in the turnover to Rs.941crore.

13. Profits earned and dividend paid over the years.

14. Availability of reserves and future prospects of the company.

15. Realizable value of the net assets of the company.

16. Current and deferred liabilities for the company .

17. Age and status of plant and machinery of the company.

20. "Use of new technology in an existing operation".

21. A Brownfield project is the rehabilitation of an existing or older property or project to customize it to the new requirements.

23. "Total use of only new technology for the whole site from the ground up".

24. New projects where the latest new technology is incorporated only from the foundations up.

27. Low investment

28. Increased capacity

29. To save time on setting up

30. Increase the geographical reach

31. Enlarge the consumer base

33. Alumina

34. Cost of power generation

35. Indal’s alumina reserves will lead to reduce the supply deficit of Hindalco.

36. Indal’s global presence an expertise will help to expand Hindalco globally.

40. The LG Model Asserts The Exchange Ratio From Premium Value (MP) Rather Than Using Only Assets Or Earning.

41. Exchange Ratio Will Be Determined By

42. Each Firm (Acquirer & Acquired) Assessment Of The Post Merger Evaluation Of Combined Firm, As Reflected In The PE Ratio Multiple.

48. In The Process Of Mergers & Acquisition Negotiation Hindalco would Like To Keep “ER As Low As Possible” To Reduce The Dilution Of Control In Firm.

49. While Indal Would Want To Keep “ER As High Possible” To Get More Equity Ratio In A Firm.

50. Thus ER Would Be Trade-off Between Maximum & Minimum Exchange Ratio By Using Graphical Analysis Or Simply Calculating Mean Of Each Firm.

51. Nearer PE Ratio To Mean OF Each Firm...