The metal business of the Aditya Birla group is poised for a portfolio restructuring, thanks to the proposed merger of Indal (minus the foils business at Kollur) with Hindalco and imminent retirement of S K Tamotia, president and chief executive of Indal.
In the absence of Tamotia, Debu Bhattacharya, managing director of the group flagship Hindalco Industries, will look after the business of Indal in addition to his existing responsibility of monitoring the show at Hindalco.
In effect, Bhattacharya will continue to be at the helm of the affairs of the group's non-ferrous metals business. The Aditya Birla group spokesperson confirmed the development. Bhattacharya has been looking after the metal business ever since A K Agarwala retired two years ago.
Agarwala is a member of Business Review Council, the apex body responsible for chalking out road map for the group. Tamotia heads the business of Indal and reports to Bhattacharya, ever since the company became a subsidiary of Hindalco.
Once the proposed merger of Indal, except the foils business, with Hindalco is effected, the employees of Indal, including top executives, will be absorbed in Hindalco.
