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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Vedanta Limited has become the highest aluminium producer in India in FY2019, the data showed after the publication of its production results for the year ended 31st March 2019. Vedanta’s aluminium production stood at 1,959,000 tonnes in FY2019, an increase of 17% year-on-year from 1,675, 000...
According to a brief from Hindalco Industries on Wednesday April 10, the company temporarily suspended the operations of its alumina facility in Muri, Jharkhand, after an incident, in which the red mud storage area connected to the plant had collapsed leading to injuries. "There was an incident in...
The European Commission announced on Monday that it started an investigation on the proposed acquisition of Aleris by Novelis under the EU Merger Regulation. Commissioner Margrethe Vestager, in charge of competition policy said that the investigation would look into whether the acquisition would...
Hind Aluminium Industries Limited, a manufacturer of aluminium & alloy Conductors and aluminium wire rods for power transmission and distribution applications, announced financial results for the quarter ended on 31st December, 2018. The company reported net sales of INR130.48 crore in Q3...
According to a report by Business Standard, Hindalco Industries is eyeing lithium in the minor mineral space for strengthening its aluminium business. Managing Director Satish Pai said: “Lithium is the closest to our (aluminium) business, and in India, there could be some opportunities in this...
Hindalco Industries Limited, the metals flagship company of the Aditya Birla Group, posted 8 per cent increase in revenue in in Q3 FY19. Revenue stood at INR11,938 crore, from INR11,044 crore in Q3 FY18. EBITDA rose 4 per cent YoY to INR1,926 crore in Q3 FY19, on the back of supporting macros,...
At the 7 th International Conference on Aluminium and Exhibition (INCAL-2019), Hindalco demonstrated a dry bulk carrier made from indigenous aluminium and showed its enormous benefits. The bulker will be used for carrying cement, fly ash, food grains, PTA powder, and alumina. <iframe width="560"...
According to a report, FLSmidth has signed a contract with Hindalco (UAI) to supply machinery and equipment for the extension of Utkal Alumina International’s (UAI) refinery in Odisha, India. UAI is a wholly-owned subsidiary of Hindalco Industries and flagship metal company of the Aditya Birla...
Vedanta Ltd cut prices of aluminium ingots for the fifth time in a row by more than 2% with effect from Thursday January 3, making the price of P1020 / EC High purity ingot fall to INR 146,500 per tonne. With Thursday’s cuts, rates of these products are now at their lowest levels in more than a...
With the international aluminium price hovering at 20-month low, the earnings outlook for the domestic aluminium producers are at a risk and is banking heavily on import duty hike. Currently the three months LME aluminium prices are at US$ 1846 per tonne, much lower than what analysts had...
Hindalco Industries Ltd has increased prices of its primary aluminium ingots today after it cut the prices of its primary aluminium ingot by more than 1% effective from Saturday, December 15. This price cut on Saturday came after the company had raised rates of its products by 2% earlier in the...
Hindalco Industries has moved the Bombay high court against a Maharashtra State Pollution Control Board (MSPCB) order directing it to shut down its bauxite mine at Dhangarwadi in Kolhapur district for alleged violation of Air (Prevention and Control of Pollution) Act. On November 29, the court...
After cutting prices of aluminium ingots seven times in a row, Vedanta Ltd has raised rates of these products by nearly 3% with effect from December 4. After the increase, the price for Vedanta aluminium ingot stands at INR 157,000 (USD 2215) per tonne, up from INR 152,750 (USD 2155) per tonne on...
The Bombay High Court on Thursday, December 5, granted an interim stay on an order to close Hindalco Industries Limited’s bauxite mine near Kolhapur in Maharashtra. “…we are inclined to grant ad-interim relief to the petitioner (Hindalco) as the petitioner’s unit at Dhangarwadi is directed to be...
According to trade sources Nalco, Vedanta and Hindalco have cut prices of their products in accordance with the falling aluminium prices. Hindalco Industries Ltd is also reported to have cut the prices of aluminium products by more than 1%, effective November 21. The basic price of Hindalco’s P1020...
According to trade sources both Vedanta and Hindalco have cut prices of their products on November 14 and November 15. Vedanta Ltd has cut prices of aluminium ingots by 1% with effect from November 14. The company had cut prices by over 1% last week as well. With this price cut, prices of Vedanta’s...
Hind Aluminium Industries Limited, a manufacturer of aluminium & alloy Conductors and aluminium wire rods for power transmission and distribution applications, has reported financial results for the 2nd quarter ended on 30th September, 2018. Net sales stood at INR133.53 crore in Q2 FY2018-19, down...
Hindalco, the world’s largest aluminium rolling company, has announced to invest INR 6,000 crore towards setting up of downstream facilities in Odisha and Gujarat. While in the Sambalpur district of Odisha the company will establish a flat-rolled products unit, in Mudra at Gujarat the company is...
