Hindalco acquired Novelis, a leading aluminum rolling company, for approximately $6 billion. This was Hindalco's largest acquisition to date and established Hindalco as one of the world's largest aluminum producers, with facilities on five continents. The acquisition was financed through both debt and Hindalco's cash reserves, and was intended to give Hindalco access to Novelis' downstream aluminum products business and expertise in recycling. After the acquisition, Hindalco saw large increases in revenue and profitability, and has pursued further expansion plans to capture synergies from combining Novelis' aluminum rolling operations with Hindalco's existing aluminum production facilities.