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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Govt plans to give fillip to aluminium industry
The government of India is working on a mission plan including a technology roadmap to give a fillip to the aluminium industry. This would aid in evolving a national policy for a sustained growth of the Indian aluminium sector and also make it globally competitive, said ministry of mines secretary...
Hindalco to seek coal linkage for Mahan project
Hindalco Industries will apply for a ‘coal tapering linkage licence' to feed its 359,000-tonne greenfield aluminium smelter project at Mahan, Madhya Pradesh. The smelter plant has a 750 MW captive power plant catering to its requirement. A tapering licence from the Government assures coal supply...
Hindalco Q2 net lags f'cast, sees tough H2
Non-ferrous metals producer Hindalco Industries lagged estimates with a 16 percent rise in quarterly net profit and warned the second half of this fiscal year would be tough due to global economic uncertainty and cost pressures. The firm, part of the diversified Aditya Birla Group, said on Thursday...
Strike affects bauxite transport in Ranchi's Lohardaga mines
Transportation of bauxite from Pakhar and Richughuta mines of Hindalco Industries Limited remained paralyzed for the second day on Sunday. Following a call of Motor Workers' Union and Truck Owners' Association of Pakhar and Richughuta mines, the drivers, helpers, truck owners, labourers have...
Economic blockade against Hindalco in Lohardaga
The Gram Vikas Sangharsh Samiti, a committee of villagers of four panchayats, including Bagru, on Tuesday started an indefinite economic blockade on the Bagru-Lohardaga road accusing Hindalco of neglecting community development programmes. Hindalco is the leading bauxite company among the mine...
IIFL recommends ‘Add’ on Hindalco Industries
IIFL Institutional Equities, a part of the IIFL Group, one of the leading players in the Indian financial services space, recommends ‘Add’ on Hindalco Industries given the high margin of safety and relatively higher earnings visibility. At recent site visits at Hindalco’s aluminium plant at...
Hindalco Industries
Post expansion alumina refining capacity will be around 6 million-tonne. Hindalco Industries (Hindalco) held its 52 Annual General Meeting in Mumbai on 23 September 2011. Kumar Mangalam Birla, Chairman, addressed the meet. The construction of the 1.5 million Utkal alumina refinery, along with a 90...
Hindalco Industries: Buy
The domestic aluminium operations with better margins will be the key driver for both sales and profit growth. Investors with a long-term perspective can consider buying shares in aluminium major, Hindalco Industries, despite upheavals in the global economy and the likely pressure on commodity...
Hindalco will invest Rs 10,000 cr this fiscal
Hindalco Industries plans to invest Rs 10,000 crore this fiscal in its ongoing projects Mahan Aluminium in Madhya Pradesh, Aditya Alumina and Aluminium and Utkal Alumina in Orissa. Hindalco has cash reserves of Rs 29,504 crore as on March 31, 2011. Replying to shareholders' query on the delay in...
India's aluminium sectors seek spot coal
Several tenders and enquiries for imported spot thermal coal about to be awarded by Indian end-users are expected to show low prices due to the high levels of stocks at ports, Indian traders said. India has over 12 million tonnes of thermal coal in stockpiles at its dozen or so coal importing...
Infra hurdles & growth needs
It is not a day too soon that Prime Minister Manmohan Singh felt the need to involve himself in sorting ministerial differences on implementation of major infrastructure and industry-related projects. With such projects not getting commissioned on schedule, the 12th Plan (2012-17) growth target of...
Indian Mining companies big on growth
By mine output, India is one of the leading producers of metals raw materials. However, the actual impact of Indian commerce on global mining is felt far more widely. Recent Indian mining investment has been broad-based, sizeable and reflects a willingness to invest in early stage and...
India Alumina Output To Meet Aluminum Smelter Growth -Hindalco
Growth in India's aluminum production will be met by domestic alumina output, not imports, a senior Hindalco Industries Ltd. (500440.BY) executive said Thursday. Anil Gupta, joint president for sales and marketing, said that India may even become a net exporter of alumina. "India is self-sufficient...
Morgan Stanley downgrades Hindalco; cuts price target by half
Morgan Stanley has downgraded Hindalco Industries to 'underweight' from 'overweight' and slashed its price target by nearly half to 126 rupees from 236 rupees as it expects near-term roadblocks for the Indian aluminum industry, relating to coal and bauxite availability. The lack of any sign of a...
Hindalco: Expect Aluminum Prices To Remain Range-Bound In Short Term
Global aluminum prices are expected to remain range-bound in the near term as global inventories are at record levels, Hindalco Industries Ltd. (500440.BY) said in its annual report Friday. "Aluminum inventories across the globe are near all-time high. But most of these inventories are reportedly...
Accumulate Hindalco, Hindustan Zinc & Sterlite: Tulsian
SP Tulsian, sptulsian.com feels investors should accumulate Hindalco , Hindustan Zinc & Sterlite with 6 months time frame. In respect to the nonferrous metal, I have no reason to take a negative or the cautious call on the Hindalco scrip because of the business model in India plus there is the...
Hindalco likely to delay fund raising for aluminium refinery
Hindalco Industries, the metal products manufacturing arm of the Aditya Birla Group, has decided to delay the financial closure of the Rs 7,800 crore Aditya Alumunium refinery project due to uncertain market conditions. D Bhattacharya, managing director, said the markets were not favourable to...
Hindalco likely to delay fund raising for aluminium refinery
Hindalco Industries, the metal products manufacturing arm of the Aditya Birla Group, has decided to delay the financial closure of the Rs 7,800 crore Aditya Alumunium refinery project due to uncertain market conditions. D Bhattacharya, managing director, said the markets were not favourable to...
