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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Angel Broking gives neutral rating to Hindalco
Angel Broking has made an analysis on why Hindalco project is delaying ahead. Hindalco is on the verge of a massive expansion plan, wherein it is expanding its aluminium and alumina capacity three-fold over the coming 4-5 years. In light of recent events such as clearance of Mahan coal block by...
HINDALCO to buy a stake in Colombian coal mines
The Aditya Birla Group is in talks with American thermal coal miner Drummond Company to purchase a significant stake in coal mines in Colombia owned by the privately held company. The Kumar Mangalam Birla-promoted group wants to strengthen its mining business and utilise the coal for its captive...
Novelis aims to become "World's Largest Recycler"
Aluminum products maker Novelis Inc. plans to become the world's largest recycler and is on track to boost its use of recycled aluminum to 50% of raw material by 2020, President and Chief Executive Phil Martens said Tuesday at the American Metal Market Aluminum Summit in New York. The company will...
Hind Aluminium Industries recommends 15% Dividend for 2011-12
The Board of Directors of Hind Aluminium Industries Ltd at its meeting held on June 08, 2012, have recommended a Final Dividend of 15% on the equity shares of the Company for the year ended March 31, 2012. (Previous year @ 15%). The Hind Aluminium Industries Ltd stock was trading at Rs.36, up by...
Barclays 'not upbeat' on Indian aluminium sector
Barclays Capital initiates coverage of India's aluminium sector, saying they are "not upbeat" about the fundamentals in the sector because of "spiraling" energy costs and "project execution challenges." However, Barclays says find valuations of Hindalco Industries "attractive" and initiates the...
Aluminium Biggies in India Hit by Dropping Aluminium Price
Aluminium manufacturing companies like Nalco, Balco and Hindalco’s margins are likely to remain under pressure in the short-term due to declining prices of aluminium in the London Metal Exchange (LME) and higher input costs. “We are offering discount of around Rs 2,500 on domestic published...
Hindalco to raise Rs 7,000 cr in 2 months for Orissa plant
After investing Rs 6,000-7,000 crore for its Aditya Alumina and Aluminium project in Orissa, a greenfield integrated aluminium complex, Aditya Birla group flagship Hindalco Industries is planning to raise around Rs 7,000 crore for the same project within the next couple of months. “We plan to raise...
Essar-Hindalco, Reliance Power gets conditional aproval for mining in coal blocks in Madhya Pradesh
An empowered group of ministers (EGoM) on Wednesday gave Reliance Power and Essar-Hindalco the go-ahead to start mining at two coal blocks allotted to them, albeit with some riders. The approvals were for Reliance Power to start mining coal from the Chhatrasal block and for Essar-Hindalco to start...
Novelis may emerge profitable for Hindalco
Aditya Birla group’s Hindalco Industries, which posted lacklustre March quarter results, may find a saviour in Novelis – the US firm it bought in 2007 for $6billion. Novelis, now its US subsidiary, is expected to report stable or even better-than-expected results on Thursday as it is largely...
Novelis Expects a Rise in Demand despite Reporting a Quarterly Loss
Novelis, the US unit of India's largest aluminum producer Hindalco Industries Ltd , posted a quarterly loss, hurt by lower average aluminum prices and sales. However, the company expects a rise in demand for aluminum-rolled products in Asia, driven primarily by China, over the next five years. The...
Hindalco Industries to start Orissa alumina refinery by January 2013
Non-ferrous metals producer Hindalco Industries plans to start its 1.5 million tonnes per annum (mtpa) alumina refinery in the eastern state of Orissa by January 2013, a senior company executive said on Saturday. It also expects to start mining bauxite in the state from October this year, said...
HLCA to clear metal projects
Aditya Aluminium can anticipate some good news regarding theirpending aluminium smelter unit at Jharsuguda in Odisha as HLCA plans to clear projects across metal and power sector. The High Level Clearance Authority (HLCA), the apex body to clear projects across sectors involving investment beyond...
State urges Hindalco to promote downstream units
The Odisha government has urged A V Birla controlled Hindalco Industries to promote downstream industries in aluminium sector for employment generation in the state instead of confining itself to aluminium making. “We have asked Hindalco Industries to explore opportunities for promoting downstream...
Hindalco Industries Ltd fairs well for its stand-alone operations
Hindalco Industries Ltd reported better-than-expected results for its stand-alone operations—excluding the performance of Novelis Inc. The stand-alone operations account for only one-third of consolidated revenue, but around 60% of consolidated net profit. In the March quarter, the company reported...
Hindalco Industries Ltd records a 10% drop in fourth-quarter net profit
Hindalco Industries Ltd. (500440.BY) Tuesday posted a lower-than-expected 10% drop in fourth-quarter net profit, hurt by a higher tax payout and a fall in aluminum prices. The aluminum and copper producer, part of India's diversified Aditya Birla group, said its unconsolidated net profit for the...
Hindalco raises Rs 3,000 cr via bonds
Aditya Birla Group’s aluminium maker Hindalco Industries Ltd said Wednesday it has raised Rs 3,000 crores by issuing bonds as it helps to cut down interest costs. The company, world's fifth largest can maker, issued non-convertible debentures or NCDs to institutional investors with an assurance to...
Hindalco may report 9.8% revenue growth for last quarter: RK Global
RK Global Shares & Securities has recommended `Buy` on Hindalco Industries with a price target of Rs 154 as against the current market price (CMP) of Rs 130.65 in its report dated Apr. 18, 2012. The broking house gave the following rationale: Revenue expected to grew 9.8% Y-o-Y on voluminous...
Former Sebi chairman M Damodaran joins Hindalco board as independent director
Former Sebi Chairman M Damodaran has joined the Hindalco Industries Board as an independent additional director, the aluminium maker said in a regulatory filing today. The existing 10-member Board of the Aditya Birla Group flagship is chaired by Group Chairman Kumar Mangalam Birla. The appointment...
