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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Hindalco Industries Limited has continued to increase its aluminium ingot and aluminium product prices by INR 1,500 per tonne or 0.67 per cent with effect from Friday, August 13. Marking the second consecutive hike this week, Hindalco’s aluminium ingot price has come in at INR 224,500 per tonne...
Hindalco Industries Limited has hiked its aluminium products price after cutting the price of the same products yesterday. With effect from Wednesday, 11 August 2021, aluminium billets and wire rods prices have come in at INR 230,100 per tonne and INR 234,100 per tonne, a growth of INR 3,000 per...
Hindalco Industries Limited has cut its aluminium products price by INR 5,500 per tonne. With effect from Tuesday, 10 August 2021, aluminium billets and wire rods prices have come in at INR 227,100 per tonne and INR 231,100 per tonne. This is down by more than 2% from INR 232,600 per tonne and INR...
Hindalco Industries Limited has increased its aluminium ingot and aluminium product prices with effect from Saturday, August 7, in line with two consecutive hikes on August 5 & 6 from US$ 2,575.50 per tonne to US$ 2,618.50 per tonne. Hindalco’s aluminium ingot price has been raised by INR 3,500 per...
Primary aluminium sector witnessed some major developments last week. The week saw some of the biggest aluminium producers- Hindalco, NALCO and Qatalum announcing their financial results. Let's explore: Vedanta Aluminium Business purchased 354 million units of solar and non-solar renewable energy...
The global downstream aluminium sector remained in the front foot during this week. The June Quarter and H1 results are getting on-boarded and almost each and every company is booking profit with a record rise in revenue rooted to the worldwide surge in aluminium prices. The American Industrial...
On 6 th August 2021, the flagship metal arm of Aditya Birla Group, Hindalco Industries stated that the company has reported an all-time high consolidated Q1 net profit at INR 2,787 crore, as compared to a loss of INR 709 crore in Q1FY21. The company further said that the results were navigated by a...
Hindalco Industries Limited has further slashed its aluminium products price today. With effect from Thursday, 05 August 2021, aluminium billets and wire rods prices stand at INR 229,100 per tonne and INR 233,100 per tonne. This marks a drop of INR 2,000 per tonne from INR 231,100 per tonne and INR...
Hindalco Industries Limited has cut its aluminium products price by more than 1%. With effect from Wednesday, 04 August 2021, aluminium billets and wire rods prices have come in at INR 231,100 per tonne and INR 235,100 per tonne, which indicates a decline of INR 2,500 per tonne from INR 233,600 per...
On 4 th August 2021, the subsidiary of Aditya Birla Group’s Hindalco Industries’, Novelis Inc., the world leader in aluminium rolling and recycling, reported net income attributable to its common shareholder of $240 million in the Q1 FY2022 compared to a net loss of $79 million in the prior-year...
Runaya announced that the company is in talks with Hindalco Industries and National Aluminium Company Limited (NALCO) for the establishment of an aluminium dross recycling plant. The company aims to expand its clientele in the domestic market as Vedanta Limited is the only client of Runaya....
Hindalco Industries Limited significantly increased its aluminium ingot and aluminium product prices on Saturday, July 31, which marked the fourth consecutive time of hike. The company’s aluminium ingot price came in at INR 226,500 per tonne, up by INR 5,750 per tonne from INR 220,750 per tonne on...
Hindalco Industries Limited, a subsidiary of the Aditya Birla Group is projecting to inject around INR 8,000-10,000 crore at Hirakud, Silvassa, and Mundra facilities in India. Hindalco stated in its annual report 2020-21: “The group proposes to invest towards the expansion of flat rolling capacity...
Hindalco Industries Limited has increased its aluminium ingot and aluminium product prices for the third time in a row, with effect from Friday, July 30. The company’s aluminium ingot price has come in at INR 220,750 per tonne, gaining INR 2,750 per tonne from the previous day. On July 29, Hindalco...
Hindalco Industries Limited has continued to hike its aluminium products price. With effect from Thursday, 29 July 2021, aluminium billets and wire rods prices stand at INR 225,100 per tonne and INR 229,100 per tonne. That marked a growth of INR 2,000 per tonne from INR 223,100 per tonne and INR...
Hindalco Industries Limited has raised its aluminium products price by 2%. With effect from Saturday, 24 July 2021, aluminium billets and wire rods prices stand at INR 223,100 per tonne and INR 227,100 per tonne, a jump of INR 4,250 per tonne from July 20’s price of INR 218,850 per tonne and INR...
Hindalco Industries Limited has sharply reduced its aluminium ingot and aluminium products prices with effect from Tuesday, July 20, following the two consecutive hikes last week. Hindalco’s aluminium ingot price has witnessed a cut of INR 6,000 per tonne on July 20 to come in at INR 211,750 per...
The global aluminium downstream sector is gradually regaining its power following the severe crisis rooted in multiple waves of the Covid-19 pandemic. The Indian born British metal magnate Sanjeev Gupta battles to save its Belgian aluminium rolling mill from US equity firm AIP and the British firm...
