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 extrusion line contract
Indian group Hindalco has ordered an aluminium extrusion line from Reed Machinery Ltd in association with Alteco, Austria and Qualiteam International, The Netherlands. The line is presently installed at the Magoula works of ETEM Light Metal Co. in Athens, Greece. Dismantling and removal to India...
Hindalco plans to raise Rs 8,000 crore
Hindalco Industries, the metals flagship of the Aditya Birla group, plans to raise around Rs 8,000 crore of debt amid volatility in the global markets and rising borrowing costs in the Indian market. This debt will be used to part fund its Aditya Alumunium refinery project and a captive power plant...
Buy Hindalco; target of Rs 193: Sushil Finance
Sushil Finance is bullish on Hindalco Industries and has recommended buy rating on the stock with a target of Rs 193 in its August 17, 2011 research report. During the quarter ended Q1FY12, Hindalco Revenue is up by 16.2% YoY to Rs.60.3 Bn on the back of higher sales realization.
Indian markets lose further ground
Aluminium stocks are trading in the red with the key losers being Hindalco and Nalco. Hindalco Industries may see a rise in production costs in its upcoming aluminium project in Mahan in Madhya Pradesh. This is because the Mahan coal block from where the company is supposed to draw coal for its...
Hindalco- Belgaum Special Alumina Project
A feasibility study on the Specials Plant expansion from 189 KTPA to 301 KTPA, with a coal based co-generation power plant, along with natural gas firing for its rotary kilns, is currently on.
Hindalco Flat Rolled Products Project
Hirakud Flat Rolled Products [FRP] Project: This project is underway with the transfer of all the critical equipments for FRP production from the Novelis plant at Rogerstone, UK to Hirakud. In addition, orders have also been placed for related and balancing equipment. The erection of the Cold...
Hindalco Project - Hirakud
Hirakud Smelter Expansion: The Smelter expansion at Hirakud from 155 KTPA to 161 KTPA was completed in Q4 FY11. A further expansion from 161 KTPA to 213 KTPA, along with a 100 MW Captive Power Plant [CPP] will be commissioned in early 2012. The next phase of expansion of the Smelter from the...
Higher other income compensates for fall in margins
Hindalco reported 21% increase in bottomline to Rs. 644 crore for the quarter ended June 2011 compared to corresponding previous year period on a growth of 16% in topline to Rs. 6846.41 crore despite flat volumes mainly on the back of higher LME prices.
Near-term concerns
While the standalone numbers were in line with analysts’ expectations, its global subsidiary Novelis, reported above-expected results. Going ahead, given the prevailing global scenario, Hindalco is likely to face some challenges. The declining LME aluminium prices (around $2,412 at present) do not...
Hindalco's Mahan project faces risk of cost spike
Hindalco Industries, the Aditya Birla Group flagship, faces a surge in production cost at its upcoming aluminium project in Mahan, Madhya Pradesh. The company is building a 359 kilo tonne per annum (ktpa) aluminium smelter and a 750 megawatt (mw) plant as a captive source, slated to be operational...
Hindalco a good long-term bet, say analysts
Analysts are bullish on Hindalco on account of expansion, restructuring and de-bottlenecking activities undertaken by the company. Broking firms have maintained a ‘buy’ rating on the stock with a target of Rs 195-220 as the company is likely to post encouraging numbers in the ensuing quarters.
Global uncertainty casts a cloud over Hindalco aluminium business
In the June quarter, Hindalco Industries Ltd’s stand-alone results benefited from rising aluminium prices, and better treatment and refining charges for copper; but negative factors were a strong rupee versus the dollar, and the higher prices of coal and fuel. Revenue rose 16.5% year-on-year to Rs....
Hindalco updates aluminum production on Q1 2011
Flat Rolled Product production was lower due to the sluggishness in the market. Production of Extruded products was affected as operations at Alupuram, Kerala continued to be hampered following the lock out declared on February 22nd 2011.
Hindalco updates aluminum production on Q1 2011
Alumina production was lower at Renukoot, due to constrained bauxite availability. Metal production has been maintained at 140 Kilo tonne level,higher production from the new pots at Hirakud is expected from Q2 FY2012 onwards.
Hindalco First-Quarter Profit Rises 21% on Aluminum Prices
Hindalco Industries Ltd. (HNDL), India’s largest aluminum maker, said fiscal first-quarter profit gained 21 percent, beating estimates, on higher prices. Net income climbed to 6.44 billion rupees ($142 million) in the three months ended June 30 from 5.34 billion rupees a year earlier, the company...
OSPCB indicts Hindalco for crop damage
The Regional Officer of Orissa State Pollution Control Board (OSPCB), Anupam Behera, has indicted aluminium major Hindalco for emission of fluoride from its Smelter Plant at Hirakud which resulted in crop damage in the villages of Nua Jamda, Dengimocha and Mohammadpur located in the vicinity of the...
Hind Aluminium Industries slumps ex-dividend
Hind Aluminium Industries plunged 4.23% to Rs. 41.90 at 12:25 IST on BSE, after the stock turned ex-dividend today, 8 August 2011, for a final dividend of Rs. 1.50 per share for the year ended March 2011.
Metal wars
Tatas, Birlas fight for share of luxury auto market Tata’s steel and Birla’s aluminum are vying for supremacy over the global can and luxury auto space, in a fight that is only going to get more heated. As we speak, two giants are girding up for what is slated to be a major confrontation over...
