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...
Grow with
AL Circle
Odisha villagers propose to pay Rs 35 crore to government to halt Hindalco's bauxite mining plans
Villagers protesting against Hindalco's plan to mine bauxite at Mali Parbat in the Koraput district in Odisha have come up with a unique proposal that offers to compensate the state for its loss in revenue from royalty. Forty one villages from the district, two thirds of whose largely tribal...
Hindalco net declines 4% to Rs 434 cr
Aditya Birla’s flagship company, Hindalco Industries, reported a four per cent drop in net profit for the third quarter ended December 31. Its standalone profit stood at Rs 434 crore against Rs 451 crore in the corresponding quarter last year. However, there has been an exceptional item of Rs 144...
Hindalco expansions on stream by June
Aluminium maker Hindalco Industries will bring on stream its three greenfield projects by the first half of 2013. Analysts, however, expressed concerns that subdued aluminium prices could put pressure on the operating income of the new projects. While the 1.5 million tonne per annum (tpa) Utkal...
Hindalco Q3 updates
Hindalco Industries may post muted growth in December quarter as it is still in the midst of ramping up production at its Hirakkud plant in Orissa, say analysts. According to a CNBC-TV18 poll, the Aditya Birla Group company is expected to witness 10.1%, quarter-on-quarter jump in sales to Rs 6730...
Bottlenecks may upset Utkal Alumina production deadline
The Utkal Alumina International Limited (UAIL) may miss its March-end deadline to start production at its plant as tribals have set development of the area as a precondition to allow bauxite mining in the area. Many official criteria also need to be fulfilled. The UAIL, a subsidiary of Kumar...
MLA gets Maoist warning for favouring bauxite mining in Odisha
Maoist leader Daya has threatened Koraput MP Jayaram Pangi of dire consequences if he does not refrain from favouring bauxite mining by a private company at Mali hill. Daya, the secretary of Andhra-Odisha Border Special Zonal Committee (AOBSZC), has informed this in a letter to media persons in...
Hindalco to acquire Novelis' alumina refinery in Brazil
Hindalco Industries, the metals flagship of the Aditya Birla Group, today said it has finalised arrangement for acquiring alumina refinery and bauxite mines in Brazil from its wholly-owned subsidiary Novelis as part of corporate reorganisation plan. "Hindalco Industries has finalised its...
Hindalco Odisha refinery start delayed to March
Non-ferrous metals producer Hindalco Industries plans to start its 1.5 million tonnes per annum (mtpa) alumina refinery in Odisha by the end of March 2013, a company official said on Wednesday. The plant, in Odisha's Rayagada district, was scheduled to start operations in January, but has been...
Hindalco’s good days to return with the commencement of Mahan smelter and Utkal alumina refinery
With the commencement of Mahan smelter and Utkal alumina refinery in nearly three months' time, worse days for Hindalco seem to be over. The management of the company expects the Mahan smelter to start production by March, 2013. The commencement of production will help in generating cash inflows...
Rural cops recover Aluminum worth Rs 29.72 lakhs
Mouda police on Tuesday retrieved an entire consigment of aluminium sheets and bundles from Bhiwandi following an operation. The consignment was stolen by the transporter and his aide earlier this month. It is learnt that around 45 bundles of aluminium sheets and coils, loaded from the Mouda-based...
Aluminium makers drop as Alcoa ratings go down
Sterlite Industries (India) (down 1.13% at 118.45), National Aluminium Company (down 0.31% at Rs 48.75), and Hindalco Industries (down 0.04% at Rs 129.30), edged lower. Meanwhile, the BSE Sensex was down 24.71 points or 0.13% at 19,451.29. Shares of Sterlite Industries (India) outperformed the...
Trouble brews for Utkal alumina project as locals raise new demands
Even after 20 years and investments of over Rs 5,000 crore, the 1.5-million-tonne alumina refinery project of Utkal Alumina International Ltd (UAIL), a subsidiary of the Kumar Mangalam Birla’s Hindalco, is yet to see the light of the day. As the company gears up to give a final push to complete the...
Canadian agency to grant Hindalco $100 mn for new project
Aditya Birla Group company Hindalco will receive $100 million in financing from Export Development Canada or EDC, the country’s export credit agency, for its Mahan Aluminium Project in Madhya Pradesh. The agreement, signed a few days ago, will support the supply of technology and capital equipment...
Hindalco shines in BSE
On BSE, 6.53 lakh shares were traded in the counter as against average daily volume of 11.94 lakh shares in the past one quarter. The stock hit a high of Rs 139.90 and a low of Rs 136.90 so far during the day. The stock had hit a record high of Rs 251.90 on 6 January 2011 and a 52-week low of Rs...
Indian aluminium firms led by Hindalco to add capacity
With aluminium prices on the London Metal Exchange (LME) hitting closer to $1,900 (Rs 1 lakh) per tonne in the last quarter, nearly 30 per cent of global capacities are making cash losses. Yet India, led by Hindalco Industries Ltd, will add capacities next year. Indian aluminium companies have an...
Hindalco still optimistic about the aluminium market
In an interview to CNBC-TV18, D Bhattacharya, managing director of Hindalco says aluminium is kicking in profitability even today. "Aluminium will come back to its old glory. Even today aluminium business in Hindalco is perhaps the best, most profitable in the world. Our endeavour is to come back...
Hindalco Q2 sales seen up 4.3%
Aluminium major Hindalco Industries ' profit after tax is expected to go down by 24 percent year-on-year and 10 percent quarter-on-quarter to Rs 382 crore in the July-September quarter of current financial year. Sales are seen going up by 4.3 percent YoY and 8.8 percent QoQ to Rs 6,490 crore during...
Novelis: driving force for Hindalco’s Growth
The recent inauguration of Asia’s largest beverage can recycling plant in South Korea by Novelis Inc., a global leader in aluminum recycling and rolling, is one more feather in India’s Aditya Birla Group’s cap. The move also underlines the soundness of a decision that group took some years ago to...
