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 Ltd. has reportedly submitted bids for the leading aluminium rolled products manufacturer Aleris. The non-binding offer valued at around US$2.5 billion (including debt) has been made by the India aluminium giant’s U.S. unit, Novelis Inc., sources preferring anonymity said....
Hind Aluminium Industries, manufacturer of aluminium alloy and electrical grade wire rods, reported financial results for the quarter and half year ended 30th September 2017. The company’s net profit registered INR 2.87 crore for the quarter ended September 30, from INR 1.06 crores for the period...
The alumina price index (API) used for individual price discovery of alumina spot has been quite volatile this year. In October, the API surged to record highs driven by supply corners over curtailments in Chinese alumina refineries. The higher alumina prices, however, were not backed by a...
China’s winter production cuts to curb smog have sent commodity prices higher. That’s no solace for aluminium producers in India as fuel and raw material costs are rising faster than the prices of the base metal. Yet, Hindalco Ltd. is best placed among its peers to beat the winter chill, brokerage...
National Aluminium Company Limited (NALCO) CMD and Aluminium Association of India (AAI) Chairman Tapan Kumar Chand yesterday met the Italian Industry delegation at Bhubaneswar for a talk over prospective collaboration between Aluminium Industries of India and Italy. The Italian delegation was led...
Currently Aditya Birla Group remains the largest aluminium producer in India with a total combined capacity of 1.32 million tonne of aluminium by Aditya Aluminium and Hindalco. However, Vedanta is on the right track to touch 1.6 million tonne capacity mark this year surpassing Hindalco. Vedanta has...
Indian aluminium industry body Aluminium Association of India (AAI) has approached the Prime Minister’s Office (PMO) seeking a solution to the looming coal supply shortage. The shortage has put 7.5 lakh jobs at stake and upcoming investments in the sector are being weighed down upon by a heavy debt...
Hindalco Industries announced that the alumina production fell 2 per cent to 712 thousand tonnes in the quarter ended 30th September, 2017. Aditya, Mahan and Utkal alumina continued to operate at their designed capacities. Hindalco's Utkal Alumina refinery produced 380 thousand tonnes of alumina...
Hindalco Industries Ltd., a subsidiary of the Aditya Birla Group, published its standalone unaudited financial results for the quarter ended 30th September, 2017. Hindalco’s aluminium production stood at 326 thousand tonnes in Q2 FY2018. Aluminium wire production was down 2 per cent at 119 thousand...
Hindalco Industries has drawn up plans to expand the capacity of its aluminium rolling mill at Hirakud, Odisha. The company will invest INR 4,000 crore to ramp up the capacity to 3,75,000 tonnes per annum from the current 1,35,000 tonnes per annum. It is looking for 100 acres of land in the...
Hind Aluminium Industries, manufacturer of aluminium alloy and electrical grade wire rods, reported 26.10 per cent decline in its standalone net profit to INR 2.52 crore for the first quarter ended on 30th June, 2017 as compared to INR 3.41 crore during the previous quarter ended June 2016. The...
Hindalco Industries Ltd is looking at exporting the extra alumina that its unit Utkal Alumina International Ltd produces, as it seeks to spur growth, chairman Kumar Mangalam Birla said on Wednesday. “We believe that (export of alumina) would be an attractive proposition and is something that the...
Hindalco Industries Ltd., a subsidiary of the Aditya Birla Group, is planning to expand Novelis' auto lines in the US and China to meet the growing demand for automotive aluminium Sheets. Hindalco’s Managing Director Satish Pai said at the Annual Global Investor Conference on Tuesday. Satish Pai...
The downstream aluminium sector has shown remarkable developments in the field of expansion, product shipments, acquisition and innovation in the week gone by. A few major companies have signed new deals or announced plans of expansion or acquisition. The moves indicate a bullish aluminium market...
According to sources close to the company, Aditya Birla Group is currently looking at growing its aluminium operations overseas by evaluating possible bids for Constellium NV and Aleris Corp. The Indian billionaire Kumar Mangalam Birla is seriously evaluating such possibilities though the group...
<p>As China is busy drawing up implementation regulations for its environmental protection tax law, aluminium producers in India and elsewhere stand benefitted from the price impact the Asian country has on the global light metal industry.</p> <p style="text-align: center;"><img...
<p>LME aluminium prices are on a solid upward track. Although technical analysis by major global research firms indicate at a possible correction which might result in trend reversal, the higher prices, as of now, are turning out to be real boon for the Indian aluminium producers. Vedanta is...
<p>Hindalco Industries produced 724000 tonnes of alumina in the quarter ended 30th June 2017. The alumina production increased 2 per cent as compared to Q1 FY2017. Aditya, Mahan and Utkal alumina continue to operate at their designed capacities, according to the company.</p> <p><img...
