The aluminium industry is entering a phase where supply security is being tested across the entire value chain. The latest developments show the pressure beginning with bauxite, moving through logistics and alumina, feeding into aluminium prices and producer earnings, and eventually reshaping...
Hindalco Industries’ Baphlimali bauxite mine in Odisha has become the first bauxite mining operation in India to secure certification under the Aluminium Stewardship Initiative’s (ASI) Performance Standard V3.1 (2023). The certification was awarded to Utkal Alumina International Limited (UAIL), a...
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Eternia, India's first WiWA-tested brand offering aluminium doors and windows made Duranium™, invented by Hindalco, is on an ambitious expansion journey across the nation. In the past three months alone, Eternia has proudly unveiled experience centres in key cities such as Indore, Gorakhpur,...
On May 9, 2024, the Indian Coast Guard (ICG) and Hindalco Industries Limited inked a Memorandum of Understanding (MoU) in New Delhi. As per the agreement signed, Hindalco will produce and supply marine-grade aluminium to the Indian Coast Guard for ship manufacturing. The signing of the MoU is a...
According to a Bloomberg report on Wednesday, May 8, Hindalco Industries Limited is seeking about $1.2 billion in the initial public offering of its US-based unit Novelis. The aim is to list Novelis on the New York Stock Exchange by September 2024. Hindalco, one of India’s largest aluminium...
Hindalco Industries Limited and Vedanta Limited have trimmed their aluminium ingot and aluminium product prices, with effect from May 3, 2024, following a plunge on the prior day by US$44.50 per tonne or 1.74 per cent. Hindalco has cut its aluminium ingot price by INR 2,500 per tonne or 1 per cent...
The owners of barges at Goa's Mormugao Port call on the authorities to reopen the port and resume handling the bauxite cargo. Mormugao Port Authority (MPA) is a venerable port nestled along the western shores of India within the picturesque state of Goa. Established in 1885, it occupies the...
In tandem with the LME aluminium price drop from where it began this week, National Aluminium Company Limited (NALCO) has reduced its aluminium ingot and aluminium products prices, with effect from Friday, April 26. NALCO has cut its aluminium ingot and aluminium product prices by INR 5,200 per...
Eternia, India's pioneering brand renowned for its WiWA-tested aluminium doors and windows crafted from the revolutionary Hindalco-made Duranium alloy, proudly unveils its avant-garde experience store in the bustling city of Indore, Madhya Pradesh. With an unwavering commitment to excellence,...
In the realm of downstream aluminium, recent developments herald both challenges and opportunities across global markets. From India's deliberation over anti-dumping duties on Thai aluminium foil imports, stirring optimism for local producers like Hindalco Industries, to Japan's anticipated surge...
In a strategic move to bolster its domestic aluminium industry, the Indian government is contemplating a surge in anti-dumping duties on aluminium foil imported from Thailand. This decision could significantly impact the market dynamics, benefiting prominent players like Hindalco Industries...
The global aluminium downstream sector witnessed a lot of significant incidents this week. To begin with, India recently launched an anti-dumping probe into the import of aluminium foil from China, aiming to protect its domestic aluminium industry. This decision follows complaints lodged by major...
Hindalco Industries Limited has updated its aluminium selling prices on two consecutive days this week in line with the LME aluminium benchmark price. On Wednesday, March 27, Hindalco increased its aluminium prices as the LME aluminium price rallied by 1.29 per cent over the two days to US$2,275.50...
In a bid to safeguard the interests of its domestic aluminium industry, India has taken a significant step by initiating an anti-dumping investigation into the import of aluminium foil from China. This move comes in response to complaints filed by key domestic players such as Hindalco Industries,...
Among all the verticals of the aluminium value chain, primary aluminium has been one of the busiest this week. New appointments at global giants, financial results, and project announcements made significant headlines in the primary aluminium sector. What created a buzz in the industry was the...
Hindalco Industries Limited has reduced its aluminium ingot and aluminium products prices on Thursday, March 15, in line with the LME aluminium price drop. Like other Indian aluminium companies, Hindalco links its aluminium prices to the three-month futures of aluminium on the London Metal...
On Tuesday, February 27, Hind Aluminium Industries Limited announced its consolidated quarterly results (October 1-December 31, 2023), explaining an in-depth comparison with the previous quarter and year. Hind Aluminium revealed its net sales in Q3 FY2023-24 stood at INR 0.14 crore, down 48.15 per...
Novelis Inc., headquartered in Atlanta and a subsidiary of Hindalco Industries, has taken a significant step towards an initial public offering (IPO) by submitting a draft registration statement on Form F-1 to the Securities and Exchange Commission (SEC). This confidential submission pertains to...
Hindalco Industries, a primary player in the aluminium industry, is intensifying its commitment to sustainability. Satish Pai, the Managing Director, envisions achieving the first phase of the interim greenhouse gas (GHG) reduction target well before 2030. By 2030, through the completion of the...
The Norwegian aluminium giant Hydro faces a 43.88 per cent drop in adjusted EBITDA for 2023, attributed to market challenges. Hindalco reports a robust Q3 FY2024, with a 71 per cent YoY increase in net profit. EGA collaborates with the UAE's AI office to accelerate digitisation in industrial...
