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
India's Hindalco Industries plan to raise up to INR30 billion via bonds
MUMBAI – India's Hindalco Industries Ltd. (500440.BY) plans to raise up to INR30 billion by selling bonds, according to an invitation seeking bids from bankers. The Aditya Birla group unit, which sells aluminum and copper, plans to privately place 10-year secured bonds, said the invitation, seen by...
Hindalco's Utkal Alumina refinery to start production by Dec
The Utkal Alumina project, a 1.5 million tonne per annum (mtpa) alumina refinery plant being set up by AV Birla owned Hindalco Industries at Kashipur in south Odisha's Rayagada district, is set to go into production by December this year. “Around 85 per cent of the construction work for the Rs...
Hindalco Tests Demand for Possible 15 Bln Rupee Bond Sale
Indian non-ferrous metals producer Hindalco Industries is sounding out markets for a potential 10-year bond sale, with the aim of raising up to 15 billion rupees ($291.66 million), three sources with knowledge of the discussions said. The company, part of the diversified Aditya Birla Group, may hit...
Alcoa scales down aluminium deficit estimate for 2012
Alcoa Inc.’s March quarter results provide clues to the performance of Indian aluminium firms in the quarter and the outlook in the forthcoming quarters. The company benefited from better aluminium realizations, which were up by 2.5% sequentially, but alumina’s realizations were down 8.5%. Alumina...
Aditya Aluminium lines up Rs 10,000 cr expansion plan
Aditya Aluminium Ltd, a unit of AV Birla group company Hindalco Industries, has lined up Rs 10,000-cr expansion plan to ramp up capacity of its aluminium smelter and captive power plant (CPP) proposed at Jharsuguda in western Odisha. The aluminium company intends to double smelter capacity from...
Traders go short on Hindalco as it breaches key support level
Though some traders covered their short positions mid-way through the trading session ahead of the weekend, analysts said the sentiment in the stock remains pessimistic. "Hindalco futures have seen traders adding short positions below the crucial level of Rs 132.50, especially indicated by a jump...
Novelis growth strategy sees a key shift
Novelis, owned by the Aditya Birla Group flagship company, Hindalco Industries, has been selling its loss-making assets for a while, even if it means selling a smelter in a high-growth market like Brazil. Now, it has gone a step ahead and decided to sell a business that is doing well, but doesn’t...
Vedanta offers Rs16,000 cr for HZL, Balco stakes
London-based Vedanta Resources Plc. has offered nearly Rs16,000 crore for buying the government’s residual stakes in Hindustan Zinc Ltd, or HZL, and Bharat Aluminium Company, or Balco, at a time when the government is hard pressed to raise funds to reduce its fiscal deficit. Analysts said the deal,...
The aluminium cycle
Timing is everything. Investing a quarter too early can influence the annual return on your portfolio. Now that Hindalco is near its 12-month lows, it reminds us of the great buy opportunity of 2009 when the stock was sub-Rs 40. Before we make our case for on whether to invest now in Hindalco or...
Alcoa in talks with Indian companies to sell surplus alumina
US-based Alcoa has opened talks with some Indian companies to sell surplus alumina, signalling the intention of the world's third largest aluminium producer to increase presence in India. With an output of 16 million tonnes a year, Alcoa is the world's largest alumina producer. The company entered...
India's investment in aluminium on track as prices set to rise
Rising costs in the aluminium business and sluggish market conditions have crimped the margins of aluminium firms in India. Though three firms in the sector have posted a decline in third quarter earnings, new investments in ramping up production are clearly on track. Aluminium, on the London Metal...
Hold Hindalco, target Rs 150: HDFC Securities
HDFC Securities has given a hold recommendation on Hindalco with a target price of Rs 150. The stock has risen 38 per cent from the start of the year and is now trading at 5.7 times FY13EV/EBITDA. "We like the company for its hedged aluminium price play and stable cash flows from Novelis, potential...
Earnings from aluminium business continue to decline for Hindalco
Aluminium, on the London Metal Exchange (LME), has been falling since the beginning of the year. So has been the core earnings of Hindalco Industries and in turn, the profits. The company maintains that its two businesses, aluminium and copper, complement each other well. D Bhattacharya, managing...
Angel Broking neutral on Hindalco Industries
Angel Broking has maintained neutral rating on Hindalco Industries , in its February 10, 2012 research report. "For 3QFY2012, Hindalco's standalone profit declined by 1.9% yoy while Novelis reported a net loss of US$12mn. We recommend Neutral on the stock." "Hindalco's standalone net sales...
Novelis cuts 2012 forecast; quarterly loss narrows
Aluminum products producer Novelis cut its fiscal-year earnings estimate for the second time, citing lower shipments because of soft demand in Europe and weakness in its electronics business in Asia. But the U.S. unit of top Indian aluminum producer HindalCo Industries Ltd said it was seeing signs...
Hindalco Industries melts 6% ahead of results
Country's largest aluminium producer Hindalco Industries is going to announce its December quarter number today. Its standalone profit after tax is expected to be flat at Rs 459.4 crore in the October-December quarter of FY12 as against Rs 460.3 crore in a year ago quarter. Net sales are seen going...
Indian shares subdued; Hindalco drop, Thomas Cook up
Indian shares dropped 0.4 percent on Thursday on concerns about earnings outlook and investors took profits after the main index rallied 15 percent over the past five weeks. Hindalco Industries, the country's largest aluminium maker, fell 5.5 percent after its U.S. unit Novelis cut its fiscal year...
Hindalco net profit seen to decline 2% at Rs 450 crore
Aditya Birla Group firm Hindalco is likely to report a fall in net profit on account of higher input costs in the third quarter ending December 2011. A sharp depreciation in the rupee is likely to cushion the impact of fall in aluminium prices though. Shares of the company plunged 6% in a flat...
