The Aditya Birla Group, led by Kumar Mangalam Birla, is expected to benefit from the policies of US President-elect Donald Trump, according to analysts.
The conglomerate, which has a significant presence in the United States, particularly through its aluminium business Novelis, could gain from potential tax cuts and import tariffs that may give it a competitive advantage in the market.
The group entered the US market in 2007 with the acquisition of Novelis Inc for $6 billion and is now considering further investments, such as a proposed $4.1 billion recycling and rolling plant in Alabama. This potential expansion demonstrates the group's confidence in the US economy, despite concerns about trade barriers and tariffs.
Novelis is a leading supplier of flat-rolled aluminium, serving industries such as food and beverage, automotive, and air conditioning.