AL Circle Analysis: From bauxite to trade, how supply risks are reshaping aluminium competitiveness
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’s 8.5Mt Baphlimali mine secures India’s first ASI certification
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 crisis: Odisha to nudge Nalco, Hindalco for interim bauxite supplies
Waking up to acute raw material crisis faced by Vedanta to run its Lanjigarh alumina refinery, the state government has decided to push aluminium producers like National Aluminium Company (Nalco) and Aditya Birla Group promoted Hindalco Industries to make arrangements for interim bauxite supplies....
Hindalco seeks shareholders' nod to raise up to INR 6,000 crore
Aluminium maker Hindalco Industries seeks its shareholders' approval to raise up to INR 6,000 crore through issuance of non convertible debentures (NCDs) on private placement basis. "Consent is sought to offer or invite subscription to non convertible debentures up to an amount not exceeding INR...
Update: Hindalco to ramp up production at MP aluminium smelter
Aditya Birla Group-promoted Hindalco Industries has said it would attain its full capacity at its Mahan aluminium smelter in Madhya Pradesh soon. The investment project faced a few road-blocks earlier pertaining to coal procurement apart from protests from environmentalists, but went on stream in...
No ‘promises’ from Government of India on import duty hike on aluminium
The Government of India has yet again refrained from giving any assurance to the domestic aluminium industry on its demand for an import duty hike. For the second time in a little over a month, on Thursday the top officials of aluminium majors BALCO, Hindalco, Vedanta Ltd and others, under the...
Hind Aluminium standalone Jun '15 sales at INR 188.35 crore
Hind Aluminium Industries has reported a standalone total income from operations of INR 188.35 crore and a net profit of INR 2.58 crore for the quarter ended Jun '15. Other income for the quarter was INR 0.33 crore. For the quarter ended Jun 2014 the standalone total income from operations was INR...
Aluminium producers to meet PMO to press for import duty hike
Indian aluminium producers such as Vedanta and Hindalco will meet officials at the Prime Minister's Office and policy think tank NITI Aayog this week to press for higher import duty on aluminium in the face of falling global prices. The domestic industry leaders will meet the mines secretary on...
Hindalco Industries Ltd clarifies on INR 7500 crore invesments
The Exchange had sought clarification from Hindalco Industries Ltd with respect to news article appearing in Financial Express on August 15, 2015 titled "Birla invests INR 7,500 cr in Odisha refinery". Hindalco Industries Ltd has replied stating that Utkal Alumina International Ltd (Utkal) is our...
Hindalco Q1 net down 67%, lower realisation hits aluminium biz
Lower metal realisation, high finance and depreciation costs have hit the aluminium maker Hindalco's bottomline as it reported a 67 per cent drop in the standalone net profit at INR 107.19 crore for the quarter ended June 30. The flagship firm of the Aditya Birla Group had clocked a net profit of...
Utkal Alumina gets government approval for its expansion plans
Odisha government has approved the expansion plans for Utkal Alumina Ltd, an Aditya Birla group firm and Bhushan Power & Steel Ltd (BPSL) in a meeting today. This is considered to be a step towards boosting the industrialization in the state of Odisha. "The State Level Single Window Clearance...
Hindalco plunges over 7% as Novelis posts weak Q1
Hindalco Industries shares fell over 7 per cent to hit intraday low of Rs 95.55 after its subsidiary Novelis, which contributes around 50 per cent to its consolidated revenues, reported weak earnings for the June quarter. Novelis, which is world's largest recycler of aluminium posted a net loss of...
Hindalco seeks RBI’s 5/25 protection
Non-ferrous metals producer Hindalco is in talks with banks to refinance around R7,000 crore of loans for two projects - Aditya Aluminium and Utkal Alumina International (UAIL) - under the Reserve Bank of India’s (RBI) 5/25 scheme, two bankers aware of the development told FE. “Although the...
Hind Aluminium Industries Ltd board recommends final dividend of 15% for 2014-15
The Board of Directors of Hind Aluminium Industries Ltd at its meeting held on May 30, 2015, have recommended a Final Dividend of 15% on the equity shares of the Company for the year ended March 31, 2015. (Previous year @ 15%). The Register of Members & Share Transfer Books of the Company will...
"Considering the steady GDP growth in India, I expect the aluminium industry growth rate to go up to 7 to 8% in near future," Mr. Satish Pai, Deputy Managing Director and CEO, Hindalco Industries, India
Mr. Satish Pai is the Deputy Managing Director and CEO of the Aluminum Business, India, Hindalco Industries. Mr. Pai is responsible for setting strategic vision for the Aluminum business of Hindalco in India. He also provides operational leadership in order to build sustainable competitive...
Pro Fin Capital's Terra Natural Resources signs agreement with Indo Ferro Metal for bauxite ores supply
Pro Fin Capital Services Ltd's subsidiary, Tera Natural Resources Private Limited (Tera) has signed agreement with Indo Ferro Metal Private Limited, Gurgaon, Haryana for supply of 2,00,000 tons of bauxite ores. The discussions are also at final stage between Tera and HINDALCO Ltd for supply of...
Non-Ferrous Minerals and Metals Conference projects positive outlook for India despite bearish market situation
The International Conference on Non-Ferrous Minerals and Metals; organized by Corporate Monitor, which has earned its reputation as a forum for the domestic and international Non-Ferrous industry players as well as industry experts, just concluded its 19th session on July 10, 2015 in Bhubaneswar....
Metal companies to get battered for second consecutive quarter
The earnings performance of metal companies, both ferrous and non-ferrous, is expected to remain lacklustre for the second consecutive quarter because of a decline in steel realisation, increased cost of provisioning for the district mineral foundation fund, and a significant fall in aluminium...
Recycling key to sustain Non-Ferrous sector
Non-ferrous metals and minerals sector is facing a grim situation due to falling of stocks in China and economy meltdown in Greece. Amidst this scenario, the domestic market in India has turned fiercely competitive, Chairman and Managing Director, NALCO, NR Mohanty said. Addressing the 19th...
Hindalco said to seek refinancing of $2.4 billion debt
Hindalco Industries Ltd., the Indian aluminum producer backed by billionaire Kumar Mangalam Birla, is seeking to refinance about Rs15,000 crore ($2.4 billion) of debt, people familiar with the matter said. The Mumbai-based company is discussing with banks about extending the maturity of the...
