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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Hindalco exports huge quantity of ingots and sow ingots as break bulk cargo to the United States.
Aluminium ingots and sow ingots are being sent in a huge quantity as break bulk cargo to the United States. The ingots so far were being sent to various destinations through containers by all the aluminium manufacturers. Hindalco Industries Ltd, the metal’s flagship company of Aditya Birla Group,...
Jharkhand government to renew leases for Hindalco’s closed bauxite mines
Hindalco Industries may soon get to resume operations at five bauxite mines in Jharkhand that have remained closed since September last year, with the state government initiating the extension of these leases till 2030. The state mines department has already processed files of the five mines of the...
LIC hikes stake in Hindalco to over 13%
Aditya Birla-led Hindalco today said insurance giant LIC has raised its stake in the aluminium maker to over 13 per cent. In a BSE filing, Hindalco said LIC acquired 2.009 per cent stake in the firm through open market transaction between April 16 and June 17, 2015. After the transaction, the...
Hind Aluminium Industries Ltd reduces stake in Oman subsidiary
Hind Aluminium Industries Ltd has introduced an overseas Joint venture partner for its subsidiary Company Associated Industries Limited SFZ ("AIL SFZ"), incorporated in the Sultanate of Oman. Due to the above, AlL SFZ will become an Associate / Joint Venture Company of Hind, with a reduced...
Hind Aluminium declares financial results
Hind Aluminium reported its results showing a rise in net profit by 778.26% to INR 4.04 crore in the quarter ended in March 2015 rising from INR 0.46 crore reported for the same period in 2014. Total standalone income from operations was reported to be INR 154.22 crore for the March quarter of 2015...
Hindalco’s profits hurt by falling aluminium prices
Hindalco Industries Ltd’s profitability took a hit in the March quarter, compared with the December quarter. Though its aluminium output rose smartly as its new capacity ramped up, falling prices and weaker metal premiums affected realizations. The copper business did relatively better but its...
Hindalco’s Q4 profit declines 36% to INR 159.53 crore
Aditya Birla Group’s flagship company Hindalco Industries Ltd on Thursday reported a 35.7% decline in its stand-alone net profit for the March quarter, thanks to higher power and fuel, and finance costs, and weaker prices in the international markets . Net profit was at INR.159.53 crore as compared...
Hindalco Q4 profit seen up 18% at INR 293 cr
Aluminium major Hindalco Industries's fourth quarter profit may rise 18 percent year-on-year to INR 293 crore, according to a CNBC-TV18 poll. The company will announce its earnings on May 28. Aluminium major Hindalco Industries 's fourth quarter profit may rise 18 percent year-on-year to INR 293...
Hind Aluminium announces closure of trading window
Hind Aluminium Industries Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on May 30, 2015, to consider and take on record the Audited Financial Results (AFR) of the Company for the year ended on March 31, 2015. Further, pursuant to SEBI (Prohibition of...
Near term challenges for Hindalco
Novelis, the American subsidiary of Hindalco Industries, which is a producer of value-added aluminium products, reported a weak performance for the quarter ending March. Operating earnings (before interest, taxes, depreciation and amortisation, or Ebitda) per tonne was around $265, about a fifth...
Hindalco slips on weak performance by Novelis
Shares of aluminium major Hindalco fell over 3 per cent on Wednesday after its US subsidiary Novelis reported weak results. A 20 per cent drop in operating profits during the March quarter dampened investor sentiment as the subsidiary brings in around two-third of Hindalco’s consolidated revenues...
Hindalco falls as aluminum giant Alcoa misses estimates
Shares of Hindalco Industries slipped nearly 2 per cent to hit intraday low of INR 137.35 after global aluminum giant Alcoa Inc's first quarter earnings missed expectations. Alcoa's earnings missed estimates. However, the commentary for auto continues to remain positive as it expects global...
Uncertainties surrounding Hindalco affecting its market performance
Hindalco stocks were seen to slide on Monday by as much as 6 percent in an otherwise dull trading session ending the day at INR 126.90 on the BSE, still down by 3.4 percent. Reasons for the weak performance in the market is attributed to the uncertainty surrounding the company, with coal blocks...
Hindalco Industries gains after winning a coal block in Jharkhand
Hindalco Industries rose 0.54% to INR148.70 at 9:15 IST on BSE after the company won the Dumri coal block in Jharkhand at Rs 2,127 per tonne on the third day of coal auctions for schedule III category mines held on Saturday, 7 March 2015. The stock hit a high of INR 150 and a low of INR 148 so far...
Odisha govt allows OMC to scrap 3 JVs on mining projects
The Odisha government has given permission to state-run Odisha Mining Corporation (OMC) to scrap the joint venture projects inked with three private sector heavyweights to go for iron ore and bauxite mining in the state. The companies are: Anglo-Australian mining major Rio Tinto, Hindalco and the...
Sesa Sterlite shares end higher as Balco bags 2 coal mines
Shares of Sesa Sterlite ended almost 1 per cent higher today after the company's subsidiary Bharat Aluminium Company (Balco) bagged one more coal block in the first tranche of auction. The scrip ended the day with a gain of 0.94 per cent at INR 219.45 on the BSE. During the day, it rose by 3.24 per...
OMC initiates steps to scrap bauxite mining JV with Sterlite, Hindalco
Odisha Mining Corporation (OMC) has started the process to scrap bauxite mining joint venture (JV) projects with Hindalco and Sesa Sterlite after the state government said the state-run miner can take a decision to do so. “We have sent show cause notices to Hindalco and Sesa Sterlite after the...
Coal auctions: Balco bags one more mine in Chhattisgarh
Bharat Aluminium Company Ltd. (Balco) bagged one more coal block on the eighth day of the auction, taking the total number of mines sold so far through the ongoing auction to 18 that will generate an estimated over Rs1 lakh crore for respective states. Friday night, Hindalco Industries Ltd. had...
