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
In a recent interview with The Economic Times, Satish Pai, the managing director of Hindalco, pointed out that the economy slowdown in India impacted domestic businesses, as a result of which, aluminium demand fell 6 per cent in the second quarter, affecting Hindalco’s business. Mr Pai also said...
Hindalco Industries Ltd., a global leader in aluminium and copper, announced consolidated results for the second quarter ended 30 September 2019. Hindalco’s consolidated revenue stood at INR 29,657 crore, a decrease of 8.77% from INR 32,507 crore in the previous year. EBITDA was INR 3,918 crore in...
According to a recent report, the metal unit of Aditya Birla Group, Aditya Aluminium, has built a 24-MW solar power plant worth INR 151 crore at Lapanga in Sambalpur district. Spread across 144 acres of ash-filled land, the plant is expected to contribute to the State Government’s goal of...
Indian state government-owned oil and gas company, Indian Oil Corporation Limited (IOC), is reportedly developing metal-air batteries that will produce energy by oxidising metals such as iron, zinc and aluminium. This is to forestall dependence on lithium imports once electric vehicles and...
Indian Oil Corporation Limited (IOCL) is in talks with Hindalco Industries Limited to source aluminium for its proposed one GW (gigawatt) aluminium air battery facility as the State-owned entity looks for an alternative to lithium-ion batteries. This move is in tune with the government’s strategy...
Hindalco Industries Limited announced that the company was added to the S&P Dow Jones Sustainability Indices (DJSI) for the first time. Hindalco was one of 12 Indian companies to be included in the Dow Jones Emerging Markets Sustainability Index. Hindalco became the only aluminium manufacturer from...
According a recent report, Hindalco managing director Mr. Satish Pai said in an interview that he believed the ongoing year (2019) to be a tough year for metals and commodities, with the US and China showing no sign of easing trade tensions. He pointed out the US-China trade wars which were...
Hindalco Industries Limited on Friday, August 30, said that it decided to invest INR 2,000 crore this year, majority of which will go into alumina capacity expansion at Utkal Alumina refinery. The rest of the amount will be used towards working capital and maintenance work, said the company...
Hind Aluminium Industries Limited, manufacturers of aluminium & alloy conductors and aluminium wire rods for use in power transmission and distribution applications, announced unaudited consolidated financial results for the quarter ended 30 June, 2019. Revenue from Operation dropped 19.48 per cent...
According to a recent report, a 7 per cent growth in aluminium demand in India during April-June quarter of the financial year 2019-20 failed to boost production as consumption remained moderate in industries facing liquidity crunch. Sales of aluminium companies also fell by 10.8 per cent in that...
Two major aluminium producers of India, Hindalco and Vedanta have raised their ingot prices in the domestic market to match with the increase in international prices. The price of Hindalco’s P1020 EC Grade Ingot & Sow with 99.7% purity was raised to INR 14,4000 (US$2009) per tonne on August 17,...
Hindalco Industries Ltd., a global leader in aluminium and copper, announced consolidated results for the first quarter ended 30 June 2019. Hindalco’s consolidated revenue dropped from INR 31,078 crore in Q1 FY19 to INR 29,972 crore in Q1 FY20. EBITDA stood at INR 3,769 crore in Q1 FY20 compared to...
The rates of National Aluminium Co Ltd's aluminium ingots are at their highest level in two months after the company hiked the prices of these products on Friday. The government-owned aluminium maker has raised the prices of these products by 1% in the domestic market. This was following the recent...
Hindalco Industries Ltd. Mouda Unit has become a new Production & Transformation member of Aluminium Stewardship Initiative (ASI). This brings the total number of members to 95. “As a global metals business across the aluminium and copper value chains with operation in 13 countries, sustainability...
Finnish clean energy company Fortum announced that it has signed its first commercial project with Hindalco to reduce air emissions at aluminium smelter in Mahan, Madhya Pradesh. The project is expected to be completed in mid-February 2020. Fortum will cut nitrogen oxide (NOx) through combustion...
Hindalco Industries Ltd. has cut the prices of aluminium products by nearly 2% with effect from Wednesday, trade sources told Cogencis. With this price cut, rates of the company's products have slipped to a multi-month low. The rates are down more than 7% compared to the previous quarter. The...
In the first week of May Hindalco Industries, Ball Beverage Packaging (India) and Can-Pack India together announced the forming of a consortium called Aluminium Beverages Can Association of India (ABCAI) in order to promote the use of aluminium cans for beverage packaging in India. ABCAI would...
Aditya Birla Group flagship company Hindalco Industries announced results for the fourth quarter and year ended 31 March 2019. Hindalco’s consolidated revenue increased from INR1,15,820 crore in FY18 to INR 1,30,542 crore in FY19. EBITDA stood at INR16,627 crore, up 11% year-on-year. This buoyant...
