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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The Managing Director of Hindalco Industries, Mr Satish Pai, has been named the President of the Indian Institute of Metals (IIM). IIM is an adequate body for professional metallurgists in India. It was formed as early as 1945 and was possible through the efforts of a few metallurgists. Since then,...
Hindalco Industries Limited has continued to cut its aluminium products prices for the fourth consecutive time since March 2 in line with the sluggish trend in the LME aluminium benchmark price. With effect from Tuesday, March 14, Vedanta has reduced its aluminium wire rod price by INR 1,500 per...
Hindalco Industries Limited significantly reduced its aluminium ingot and aluminium products prices on Wednesday, March 7, in line with the LME aluminium price plunge over the past three days. The company has axed its aluminium ingot price by INR 6,000 per tonne or 2.67 per cent, with effect from...
Last week, Hindalco Industries Limited reportedly bagged dual certification from the Aluminium Stewardship Initiative – 1) Performance Standard V2 (2017) and 2) Chain of Custody V1 (2017) for its aluminium rolling operations at Hirakud FRP (flat rolled products) plant in Odisha, India. Hindalco...
Hindalco’s Belagavi Works plant in India has been enrolled under the Aluminium Stewardship Initiative (ASI) and given the ASI Performance Standard V2 (2017) Certification. The first alumina refinery in India, Belagavi Works specialises in making calcined alumina, special calcined alumina, alumina...
Hindalco Industries Limited has increased its aluminium ingot and aluminium products prices on Thursday, March 2, after consecutive cuts last week during February 23-25. The company has added INR 4,750 per tonne to its aluminium ingot price to bring it to INR 224,750 per tonne versus INR 220,000...
Hindalco Industries Limited axed its aluminium products prices for three consecutive days last week since February 23. Following the cut of INR 3,750 per tonne on February 23 , Hindalco withdrew another INR 1,750 per tonne from its aluminium wire rod price on February 24. Hence, the product’s...
On Tuesday, February 21, Aluminium Stewardship Initiative announced it welcomed Hindalco Alupram Works, an aluminium extrusion manufacturing plant in Ernakulum District of Kerala, as a new Production and Transformation member. The plant is equipped with two extrusion presses, of which one was...
Hindalco Industries Limited has cut its aluminium ingot and aluminium products prices, with effect from February 23, after two consecutive hikes on February 21 and 22, on account of the LME aluminium price drop. The company has reduced its aluminium ingot price by INR 3,750 per tonne or 1.62 per...
Hindalco Industries Limited is reportedly mulling installing a recycling and segregation plant for its aluminium and copper businesses in Gujarat. The aim is to increase the proportion of recyclable products, in line with its US subsidiary. The project is estimated to cost INR 3,000 crore, per the...
On Friday, February 17, Hindalco Industries Limited further slashed its aluminium ingot and aluminium products prices to match the global aluminium benchmark price. According to the price chart revealed by the company on February 17, Hindalco cut its aluminium wire rod price by INR 3,750 per tonne...
Hind Aluminium Industries Limited, a manufacturer of aluminium & alloy conductors and aluminium wire rods, announced its third quarter results ended December 31, FY2023, reporting a year-on-year plunge of 83.22 per cent in net sales from INR 1.49 crore and a quarter-on-quarter slump of 68.75 per...
Hindalco Industries Limited has further reduced its aluminium ingot and aluminium products prices by INR 3,500 per tonne or 1.5 per cent with effect from Tuesday, February 14. That has brought the company’s aluminium ingot price to INR 226,750 per tonne versus INR 230,250 per tonne on February 10....
The global primary aluminium sector witnessed some significant events this week. Also, the fact that aluminium is one of the most critical metals can be understood with the proposal of Australian experts suggesting enlisting this silvery-white metal as a crucial mineral. Mike Ferraro, CEO and...
Hindalco Industries Limited has continued reducing the prices of its aluminium ingot and aluminium products, effective from Friday, February 10, for the past week. Today’s deduction marks the third consecutive cut bringing the company’s aluminium ingot price to INR 230,250 per tonne, down by INR...
On Thursday, February 9, Hindalco Industries Limited, a subsidiary of the Aditya Birla Group, announced the fourth quarter results ended December 31, FY2022-23, reporting a 6 per cent year-on-year rise in revenue to INR 53,151 crore. But on a quarter-on-quarter basis, the revenue stood 5.38 per...
Hindalco Industries Limited has significantly reduced its aluminium products and aluminium ingot prices for the second consecutive time, in line with the back-to-back LME aluminium price fall since February 1. With effect from Tuesday, February 7, Hindalco has curtailed its aluminium wire rod price...
Hindalco Industries Limited has curtailed its aluminium products prices by INR 3,250 per tonne or 1.25 per cent, with effect from February 3. That brought the company’s aluminium wire rod price to INR 252,600 per tonne versus INR 255850 per tonne on February 2, up by INR 7,250 per tonne from...
