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 Mr. Satish Pai reported to ET Now that the company delivered good aluminium results in the second quarter of this year despite the less than impressive aluminium prices and higher input costs. The company reportedly sold nearly 25,000 tonnes of more aluminium in Q2...
The High Level Clearance Authority (HLCA), headed by Chief Minister Naveen Patnaik, on Saturday, November 3, reportedly gave a nod to investment proposals for setting up six mega manufacturing facilities worth INR 25,845 crore. Out of six investment proposals, three are from Vedanta Ltd. and the...
Hindalco plans to scale up the rolling capacity to 100 thousand tonnes by investing around $180 million in Brazil. Hindalco’s Managing Director and Chief Executive officer Satish Pai made the announcement on Friday, November, 2. “We will do a bit of capacity addition in Brazil where we have 80%...
Hindalco Industries Limited, the metals flagship company of the Aditya Birla Group, announced Q2 FY19 results for Utkal Alumina, Hindalco standalone, as well as Aluminium Business. The company reported 5% increase in its Q2 FY2019 revenue at INR10,833 crore against INR10,313 crore in Q2 FY18....
Hindalco Novelis, the leader in aluminium rolling and recycling, has reported results for the second quarter of fiscal 2019 and reported net income of $116 million. Excluding special items, net income increased 56% YoY to US$122 million. Adjusted EBITDA increased 18% YoY to US$355 million. The...
According to trade sources both Vedanta and Hindalco have cut prices of their products on Wednesday October 31. Vedanta Ltd has cut prices of aluminium ingots by more than 1% from October 31, after raising the prices of the same products by over 1%, which came after eight consecutive price cuts....
The Odisha government on Thursday cleared a big ticket project proposal of Hindalco Industries Ltd worth Rs 5,000 crore. The State Level Single Window Clearance Authority (SLSWCA) in its meeting on Thursday recommended a proposal of Hindalco Industries Limited to set up an aluminum flat rolled...
Indian aluminium makers including Hindalco Industries and Vedanta Ltd. are reportedly boosting sales to Japan amid the United States’ lofty import tariffs and sanctions against Rusal. Usually, Japan, being a quality concerned consumer, never regarded the products from India a high enough quality....
( Continued from Part-1 ) India India holds the second position in the list of top 5 primary aluminium producers in the world. According to the annual reports of the three major aluminium producers in India, the total aluminium production stood at 3.39 million tonnes in 2017. Aluminium production...
According to a report by CARE Ratings, India’s aluminium production, which was at 3.39 million tonnes in 2017-18, is forecast to remain stable or grow a little to 3.42 million tonnes in the fiscal year 2018-19. The giants like National Aluminium Company (Nalco), Bharat Aluminium (Balco), a...
Hindalco Industries chairman Kumar Mangalam Birla has said the company’s fourth captive coal mine at Dumri may become operational by March 2019. Speaking at the 59th annual general meeting of the company in Mumbai, he said that Hindalco has secured around 3.2 million tonne of coal in the linkage...
Hindalco Industries Ltd, signed a memorandum of understanding (MoU) with Gujarat government on Friday September 14 to set up India’s biggest aluminium extrusion and recycling plant in Gujarat. The company will be investing an estimated INR 3,500 crore on the project. The MoU was signed by Satish...
IBAAS successfully organized 7th International Conference and Exhibition (IBAAS-2018) during September 5 - 7, 2018 India with the theme “Indian Aluminium Industry – Status, Strategies & Way Forward for Accelerated Growth”. This Conference covered complete value chain from bauxite to aluminium...
Hindalco reported Q1 FY19 results for Utkal Alumina, Hindalco standalone, as well as Aluminium Business. Though alumina production was marginally lower due to planned maintenance shutdown in one of the refineries, Hindalco reported an EBITDA of INR 1,531 crore (US$ 220 million) and a margin at 27...
Hindalco, one of the largest aluminium producers in India, has urged the government to cap the quantity of imports of low-cost semis, wire rods, scrap from China, southeast Asia, and the United States, fearing the rising share of inbound shipments in the domestic market. “We have asked the...
Born in Salzburg (Austria) in 1923, Dr Hans O Bohner is a name to reckon with in the global aluminium industry. A chemical engineer and a Ph. D. in Chemistry, his career spans from 1948 to 2014. Starting with Aluminiumwerk, Rorschach, Switzerland, his work with the aluminium sector took him to...
Novelis Inc., the world leader in aluminum rolling and recycling, today announced it has signed a definitive agreement to acquire Aleris Corporation, a global supplier of rolled aluminum products, for approximately $2.6 billion including the assumption of debt. For Novelis, Aleris, and their...
Novelis, the US-based downstream arm of India’s largest aluminium producer Hindalco Industries Ltd, is closing in on a $2.3-2.5 billion acquisition of Aleris Corp. Talks between both sides are gathering momentum after a lull of over six months, said several people with knowledge of the matter. The...
