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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<p>Hindalco Industries Ltd., India's leading producer of aluminium and copper and a subsidiary of the Aditya Birla Group, released its standalone unaudited financial results for the quarter ended 30th June, 2017. </p> <p><img style="vertical-align: middle; display: block; margin-left:...
<p>Hindalco Industries board will consider raising up to INR 4,400 crore via debt.</p> <p>The board “will consider... to avail not exceeding INR 2,400 crore working capital facility by way of commercial papers and unsecured debentures for aluminium business subject to...
<p>Aditya Aluminium, a unit of AV Birla group company Hindalco Industries, has initiated a project in a partnership with the Odisha government to provide an uninterrupted supply of electricity to the villages of Sambalpur district.</p> <p><img style="vertical-align: middle; display:...
<p>Major Indian aluminium producers National Aluminium Company Limited (Nalco), Hindalco, and Vedanta Aluminium have come forward to jointly protest against the massive power duty hike in Odisha, reported global news agencies Platts and Aluminium Insider. In a petition to the Government of...
<p>Aluminium scrap remains a significant resource to be used as raw material to produce secondary aluminium and subsequently new aluminium products. The highest aluminium recycling percentages can be seen in the construction and transport sector of up to 95% but packaging sector is equally growing...
<p>On Monday June 12, Union Power Minister Piyush Goyal announced that by the end of 2017, the country would be fully electrified and no village would be left without a power connection.</p> <p>“We are in fact now in advance stage of electrifying all homes,” he declared.</p> <p...
<p>Maurizio Sala, owner of Foundry Ecocer Srl and Protecme Srl and President of the Confindustria Amafond underlines the important presence of India at the next edition of METEF, the largest light and non-ferrous metals expo in the SEMEA area (Southern Europe, Middle East, and Africa). In a recent...
<p><span style="font-family: Calibri; font-size: medium;">Hind Aluminium Industries, manufacturer of aluminium alloy and electrical grade wire rods, reported a 55.23 per cent decline in its standalone </span><strong><span style="font-family: Calibri; font-size: medium;">net...
<p>Hindalco Industries Ltd. has an intention to invest $773 million in the next five years in order to increase its capacity to manufacture processed products such as aluminium panels. The reason behind the intention is the country’s plan to boost investments in building...
<p>India’s leading aluminium producer Hindalco Industries Ltd is planning for setting up high-end alloy plate manufacturing plant for defence sector in India. The project will require an investment of INR 2,000 crore. The company is in discussions with the government whether they can start...
<p>Hindalco reports record standalone/consolidated performance across all operation including aluminium segment for the fourth quarter and the year ended 31 March 2017. Hindalco reported 26% increase in March quarter net profit at INR 503 crore against INR 400 crore in Q4 2016, driven by...
<p>Hindalco reports record standalone/consolidated performance for the fourth quarter and the year ended 31 March 2017. For the FY2017, Hindalco achieved record production in alumina. The total alumina production (including Utkal Alumina) stood at 2,886 thousand tonne registering an increase...
<p>The aluminium production process requires up to half a tonne of carbon for every tonne of metal produced. Specifically ‘petroleum coke’ or petcoke, a by-product of the oil refining process, is a significant fuel for the power generation and aluminium smelting industries along with...
<p>Novelis Inc, the leading aluminium rolled products manufacturer and aluminium recycler reported significant improvement in its recycled aluminium inputs during the fourth quarter of fiscal 2017. The net income rose significantly higher and automotive shipments reached record highs during the...
<p>Hindalco Industries has entrusted power solutions provider GE with the task of modernising two steam turbines at the company’s Renusagar captive power plant in Uttar Pradesh. GE has made an announcement on Tuesday that it entered into an agreement with Hindalco to upgrade...
<p>Hindalco Industries Limited, the metals flagship firm of the Aditya Birla Group and the world largest aluminium rolling company has been flush with funds after it successfully raised capital from qualified institutional placement (QIP).</p> <p>The company plans to use that fund to retire part of...
<p>Hindalco Industries, the metals flagship company of the Aditya Birla Group, is planning to commission a 24 Megawatt solar power plant in Odisha, reported sources aware of the matter. The INR 150-crore project will come up at the company's aluminium smelter-power plant site at Lapanga in...
<p>The week has seen a few major happenings in the primary aluminium industry. Hindalco has created stir in Indian market by launching QIP.</p> <p><strong>Hindalco's first share sale through QIP generates 3X demand</strong></p> <p>India's first ever metal industry share sale through qualified...
