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 inches up on securing Gare Palma coal mine
Shares of industry leader in aluminium and copper, Hindalco Industries have inched up in today’s trade and are trading higher by 1.4% to Rs 154 on the BSE after it won the Gare Palma coal mine in Chhattisgarh by outbidding companies like BALCO, Sesa Sterlite, Ambuja Cements, which were also vying...
Hindalco announces Q3FY 2014-15 standalone results
Hindalco the Aditya Birla Group flagship company announced its unaudited results for the quarter ended 31 December 2014. Financials Net sales stood at Rs.8,603 crore as compared to Rs.7,273 crore in the corresponding quarter of the previous year. Profit before Interest, Depreciation and Tax...
Indian aluminium companies export more as home market slows down
Hindalco Industries and Vedanta Resources, India's two largest aluminium producers, have stepped up exports amid increasing capacity and poor domestic demand. Exports of primary aluminium from the country surged 65% in the first half of the current fiscal, according to the Centre for Monitoring...
Hindalco secures Kathautia coal mine in Jharkhand
Hindalco Industries secured a coal mine in Jharkhand on the second day of the auction, boosting the shares of the company significantly. Six other contenders were in competition to secure the coveted Kathautia mine in Jharkhard including Monnet Ispat & Energy, Rungta Mines, UltraTech Cement and the...
Aluminium Association of India (AAI) announces New President and Vice President
Aluminium Association of India, the apex body representing the entire spectrum of Indian Aluminium Industry, at its Governing Council Meeting held on 27th January 2015 at New Delhi elected Mr. S.K. Roongta, Chairman, Bharat Aluminium Company Limited (BALCO) as Hon. President and Mr. Satish Pal,...
Goa Carbon Ltd looking for overseas expansion options
Goa Carbon Ltd is in expansion mode, looking for opportunities overseas even though their last attempt to set up a greenfield calcined petroleum coke (CPS) project in China to produce 300,000 mt per annum could not be commissioned. With clients like Hindalco and Vedanta looking to expand, Goa...
Hindalco Q3 profit seen up 26% to Rs 420 cr
Aluminium major Hindalco Industries will announce its third quarter earnings on Thursday. Profit after tax is expected to increase 26 percent year-on-year to Rs 420 crore led by strong revenue and operating income, according to a CNBC-TV18 poll. However, higher depreciation and interest costs may...
Aluminium players expected to bid aggressively for coal blocks
Facing shortage of fuel and raw material, domestic primary aluminium players are likely to bid for captive coal blocks aggressively in the upcoming auctions, credit rating agency ICRA said today. Their "operational challenges" stem from the deallocation of coal blocks allotted to them earlier and...
Hidden energy exports through primary aluminium remain a concern
Consecutive years of below five per cent economic growth and 0.7 per cent contraction of the manufacturing sector last year ensured a 6.2 per cent fall in the country's primary aluminium use to 1.58 million tonnes (mt) during 2013-14. Even while India is to grow at 5.5 per cent in FY15, aluminium...
The cancellation of coal blocks likely to raise Hindalco’s cost of production
Market analysts predicts that Hindalco Industries is likely to suffer higher production costs after the Supreme Court cancelled the four coal blocks, Mahan, Tubed, Talabira-1 and Talabira-2 allocated to the company. Hindalco had been enjoying a low average production cost, among the lowest in the...
IDCO allots 8,066 acres of land for Vedanta, Hindalco projects
The Industrial Infrastructure Development Corporation (IDCO), which is the nodal agency for land acquisition for various projects in the state, has already allotted 8,066 acres of land for proposed aluminium projects in the state. “We have allotted 8,066 acres of land for the proposed projects in...
Hindalco loses chance to acquire Mahan and Talabira coal blocks after reallocation
The recent reallocation of mines ordered by the Indian Government has dashed Hindalco’s hopes of bidding for the Mahan coal block to power its smelter as the Coal Ministry has specifically marked it for the power sector. Hindlaco had planned to use the coal from Mahan to power the Mahan Aluminium...
Hindalco aiming to hit a record $1 billion worth of aluminium export by 31st March
Birla-owned Hindalco Industries is targeting to export a record $1 billion worth of aluminium by 31st March as the demand in Europe and US rise. At the close of the financial year ending March 31, the overseas shipments are expected to triple reaching as much as 400,000 tonnes, whereas they have...
Hindalco Industries shares slump over 5.6 per cent
Shares of Hindalco Industries today plunged over 5.6 per cent amid fresh concerns related to the case of Talabira II coal block allocation to the company. Hindalco's stock tumbled 5.67 per cent to settle at INR 144.70 on the BSE. In the intra-day trade, it had lost 7.49 per cent to a low of INR...
AlCircle spends an eventful second day at IBAAS 2014
The second day of IBAAS is running successfully at the Novotel hotel in Vizag, Andhra Pradesh, India. The conference took off yesterday with the inaugural lamp lighting ceremony carried out by the respected guests of honor, Tom Albanese, Soma Mondol, Niu Heng and Anupam Agnihotri from Sesa...
Hindalco: Novelis & increased production from new smelters may not sustain higher profitability
Hindalco is a stock that has remained popular with foreign investors, though metal prices continue to weaken globally. Over the past year, the stock has risen 40 per cent, compared with the 37 per cent rise in the Sensex. After the company's earnings beat estimates in the second quarter, many...
Hindalco waits for the government to reallocate mines
Hindalco Industries has shown promise in the second quarter of this financial year with a hike in the revenues by 36% when compared to last year and 7% when compared to the last quarter. The overall report seemed fine with 66% growth YOY and 20% up from the previous quarter however the net profit...
Aluminium producers benefit as premiums soar
As the world aluminium supply continues to tighten, the premiums on the metal continue to rise. Analysts and industry experts believe these premiums will continue to stay on a high, at least for the next two years which is good news for India’s aluminium producers like Hindalco and NALCO. Premiums...
