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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China has performed into a net importer of aluminium and other metals for the third consecutive month in August’20. Since the country’s infrastructure blow-out in 2009 after the financial crisis, this was the first time in 11 years. The drift may boost India’s metals and mining sector which has...
Hind Aluminium Industries Limited, a manufacturer of aluminium & alloy conductors and aluminium wire rods for use in power transmission and distribution applications, announced consolidated financial results for the quarter ended June 2020. The company reported net loss of INR 2.86 crore in the...
ISGEC Heavy Engineering, an Indian heavy engineering firm has won an INR 126.50-crore order for a semi-dry circulating fluidised bed scrubbers (FGD) system from Hindalco Industries. The FGD system will be used at one of the Hindalco's 150 MW units at Mahan Aluminium at Singrauli in Madhya Pradesh....
Hindalco Industries is well-positioned for a bounce back in the second half of the current financial year (FY21). “We should be back to pre-Covid levels in the second half of FY21," Hindalco Chairman Kumar Mangalam Birla told shareholders at the company’s 61st annual general meeting held in Mumbai....
India has initiated an anti-dumping probe in the imports of certain flat-rolled products of aluminium originating in or exported from China based on a complaint by Hindalco Industries, alleging injury to the domestic industry due to the dumped goods. The Directorate General of Trade Remedies (DGTR)...
According to a recent report, Hindalco Industries Limited has taken a few significant steps to ward off incidents like industrial by-product bauxite residue spillage from the storage area that took place at Hindalco’s Muri alumina refinery in April 2019. The company has ensured the safety and...
Domestic primary aluminium producers in India, like Hindalco Industries and Anil Agarwal-led Vedanta Limited, are on their toes to bring down the country’s aluminium imports. They are working with the government at three levels – primary aluminium, secondary, and downstream products. Besides...
Hindalco Industries Ltd has reduced its aluminium products price after hiking it for the second time in a row. With effect from Saturday, 22 August 2020, the company’s wire rods price stands at INR 159,350 per tonne, registering a drop of INR 3,000 per tonne from INR 162,350 per tonne on August 21....
Hindalco Industries Ltd has increased its aluminium products price for the second time in a row. With effect from Friday, 21 August 2020, the company’s wire rods price stands at INR 162,350 per tonne, marking an increase of 0.78% or INR 1,250 per tonne from INR 161,100 per tonne on August 20. The...
Hindalco Industries Ltd., a global leader in Aluminium, has entered into a Memorandum of Understanding with UltraTech Cement Ltd., part of the same group and India’s largest manufacturer of cement and concrete, to deliver 1.2 million tonnes of red mud (also known as bauxite residue) annually to...
Hindalco Industries Limited has increased the prices of its aluminium ingot and aluminium product by 1 per cent with effect from Thursday, August 20. With the latest hike, Hindalco’s aluminium ingot price has rebounded to INR 150,000 per tonne, up INR 1,250 per tonne or 1 per cent from INR 148,750...
Hindalco Industries Ltd has dropped its aluminium products price after hiking the price of the same product by 1% on August 12. With effect from Saturday August 15, the company’s wire rods price stands at INR 159,850 per tonne, marking a decline of 1.08% or INR 1,750 per tonne from INR 161,600 per...
In the year 1958, Hindalco Industries started with an aim to produce primary aluminium and brownfield expansion, whereas, from 2020 onwards, Hindalco has grown through acquisitions and FDI investments. The primary aluminium business generated non-uniform cash-flow due to the fluctuation in the...
Hindalco Industries Limited has announced financial results for the first quarter of 2020 ended June 30, mentioning steady quarterly results driven by a strong performance by India Aluminium Business. Hindalco’s Aluminium India Business EBITDA stood at INR 856 crore versus INR 853 crore during the...
Hindalco Industries Ltd has increased its aluminium products price after cutting the price of the same product on August 11. With effect from Wednesday August 12, the company’s wire rods price stands at INR 161,600 per tonne, an increase of 0.94% or INR 1,500 per tonne from INR 160,100 per tonne....
Hindalco Industries Limited has reduced its aluminium ingot and aluminium product prices with effect from Tuesday, August 11, following a hike on August 8. The company is now selling its aluminium ingot at INR 14,900 per tonne, down by INR 1,250 per tonne or 1 per cent from INR 150,250 per tonne on...
Hindalco Industries Ltd raised its aluminium products price after reducing the price of the same product on Friday August 7. With effect from Saturday August 8, the company’s wire rods price came in at INR 161,350 per tonne, an increase of 1.26% or INR 2,000 per tonne from INR 159,350 per tonne....
Hindalco Industries Ltd reduced its aluminium products price after raising it for the fourth time in a row. With effect from Friday August 7, Hindalco aluminium ingots price now stands at INR 148,250 per tonne, a decrease of 1% or INR 1,500 per tonne from INR 149,750 per tonne on August 6. The...
