Pioneer Aluminium Industries Limited
LeaveRussia detail: Continue Operations
Pioneer Aluminium Industries Limited was established in India in 2007 as a joint venture led by the promoters of Penna Group under an MoU signed with the Government of Andhra Pradesh, for setting up an Alumina Refinery, Aluminium Smelter and Alumina/Aluminium-related products. Pioneer Aluminium is jointly owned by Penna Group (68%), Rescom Group through its investment arm KCap Holdings (26%) and others, since 2021. Pioneer Aluminium Industries Limited operates as a aluminum refinery.
Decision trail
Decision date 15/08/2025 · Reference ↗
"Rusal" has completed a deal to acquire a 26% stake in Pioneer Aluminum Industries Limited, which produces aluminum oxide (alumina) in India. The message of the Russian company, placed on the Hong Kong Stock Exchange, states that the value of the transaction amounted to $243.75 million.
Status history since 2022
- 03/08/2026 — operating · Imported from KSE LeaveRussia
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