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...
Grow with
AL Circle
Hindalco Industries, a prominent player in the aluminium industry under the Aditya Birla Group, faces hurdles from the influx of low-cost aluminium foils due to recent policy changes. Satish Pai, Hindalco's Managing Director, sheds light on the company's strategies amidst this scenario. Hindalco...
On Tuesday, February 13, Hindalco Industries Limited announced a strong double-digit growth in net profit for the third quarter of FY2024 ended December 31, 2023. As per the report, the Aditya Birla Group Company’s consolidated net profit soared 71 per cent year-on-year to amount to INR 2,331...
Decarbonising and sustainable aluminium production is poised to become the foremost focus on the supply side in the coming years. The global aluminium industry is set to prioritise achieving net-zero and carbon-neutral, making it a central driving force in the sector. In its latest strategic move...
Hindalco, the world's largest aluminium rolling and recycling company, is partnering with Xynteo to host 'The Exchange,' a two-day event in New Delhi. This collaboration is geared towards bringing together key stakeholders from various sectors to strategise solutions for India's goals of equitable...
Hindalco Industries has acquired a 26 per cent stake in Ayana Renewable Power Four for INR 1.62 crore in its latest move towards bolstering its renewable energy portfolio. This strategic investment aims to ensure a sustainable energy supply for its smelter in Odisha, with plans to provide 100 MW of...
Italian inflation experienced only a marginal decrease in December. The momentum in the energy sector persists, and it is anticipated that the impact of discontinuing favourable administrative measures will soon be evident, causing headline inflation to slightly exceed the 2 per cent ceiling, as...
On Friday, December 22, Odisha Chief Minister Naveen Patnaik virtually attended the groundbreaking ceremony of Hindalco Alumina Refinery and Apparel Unit to be set up by Utkal Alumina Social Welfare Foundation. The alumina refinery will come up at Kansariguda, and the apparel complex will be in...
This week, the downstream sector of the aluminium industry witnessed a lot of significant updates. To begin with, starting in 2027, the United Kingdom will levy a carbon border tax on imports of critical industrial resources such as aluminium, iron, steel, ceramics, and cement. Another important...
The establishment of Hindalco's battery foil manufacturing unit in Odisha might be the motivation behind C4V's forging of a contract with one of the largest aluminium manufacturers in India. This partnership will enhance trade relations between the companies, ensuring an uninterrupted flow of...
Hindalco Industries announced plans to spend INR 800 crore in constructing a battery foil production plant in Sambalpur, Odisha, to enter the rapidly expanding electric car industry. Ball Aerospace was selected to lead a concept study for NASA's planned Chromospheric Magnetism Explorer (CMEx)...
On Tuesday, December 12, Hindalco Industries announced its plan to invest INR 800 crore into building a battery foil manufacturing facility at Sambalpur in Odisha in a bid to tap the fast-growing electric vehicle market. The facility will produce 25,000 tonnes of aluminium foil, the backbone of...
On December 7, the International Aluminium Institute (IAI), a global body that represents the world's leading producers of aluminium, announced a new initiative aimed at tracking and reporting on its member companies' progress in reducing greenhouse gas emissions. This move is being launched at the...
As per the reports, the global aluminium flat-rolled products market is expected to increase between 2023 and 2030. It is projected to reach a readjusted size of USD 159,230 million by 2028, with a Compound Annual Growth Rate (CAGR) of 4.8 per cent throughout the evaluation period. Based on AL...
The long-awaited bauxite, alumina and aluminium conference of India (IBAAS-JNARDDC 2023) will be inaugurated on December 4, 2023, in Nagpur. On the first day of the conference, an augural function will be followed by 7 keynote addresses by leading bauxite, alumina and aluminium experts from India...
The 124th State Level Single Window Clearance Authority (SLSWCA) meeting on November 18 approved eight transformational projects totalling 1397.18 crores, bolstering Odisha's standing as an investment destination. Significant investments in aluminium, plastic, and technical textiles have increased...
Altech Batteries is dramatically growing its silumina anodes battery project, boosting production from 15 gigawatt hours (GWh) to an astonishing 120 GWh. This capacity increase, achieved during the final phases of the definitive feasibility study (DFS), is intended to address the increasing demand...
Hind Aluminium Industries Limited announced its second quarter financial results ended September 30, 2023, whereby it posted a plunge of 65.96 per cent in net sales year-on-year from INR 1.41 crore to INR 0.48 crore. However, on a quarter-on-quarter calculation, the net sales in Q2 registered an...
According to the Managing Director of Hindalco Industries, Satish Pai, the company plans to inject between INR 4,000 and INR 5,000 crore annually. As much as possible, the aluminium producer is trying to complete the projects with cash generated from the company's operations. In addition to the...
