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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Buy Hindalco; target of Rs 195: Greshma Research
Greshma Research is bullish on Hindalco and has recommended buy rating on the stock with a target of Rs 195 in its July 12, 2011 research report. ?Hindalco, we expect Novelis to post encouraging numbers going ahead on account of expansion, restructuring and debottlenecking activities undertaken by...
Nod for Hindalco & Essar’s Mahan coal block soon
The much-touted and highly prolific Mahan coal block, on which two major projects of two big conglomerates are hinged, is expected to see light of the day very soon. According to sources in the know, the government is keen to clear the clouds of uncertainty hovering over the Mahan coal block...
Price journey of aluminium
Set to soften in H2 this year, to be $2,400-$2,600/tn in 2012. Where will aluminium prices be in 2012? According to U C Rusal, the world’s leading producer of the white metal, aluminium prices will rise from the present level of around $2,510 a tonne to anything up to $3,000 a tonne, no matter even...
Red terror hits Lohardaga bauxite mines
Mining, dispatch and transportation of bauxite from Pakhar mines in the Naxalite-hit Kisko police station area of Lohardaga district have come to a grinding halt since Wednesday evening after a group of rebels torched six vehicles. “Mining and transportation activities have been put on a halt since...
Hindalco to raise USD 2 billion debt for Orissa project
Reuters reported that Indian nonferrous metals producer Hindalco Industries plans to shortly raise debt of around INR 80 billion for its Aditya Aluminum project in eastern state of Orissa. Mr Sunirmal Talukdar head of finance said that the company is setting up an alumina smelter and a captive...
Hindalco to raise USD 2 billion debt for Orissa project
Reuters reported that Indian nonferrous metals producer Hindalco Industries plans to shortly raise debt of around INR 80 billion for its Aditya Aluminum project in eastern state of Orissa. Mr Sunirmal Talukdar head of finance said that the company is setting up an alumina smelter and a captive...
Hindalco to start Utkal project before June 2012
Aditya Birla group flagship Hindalco Industries plans to commence operations at its greenfield Utkal Alumina project before June 2012. The 1.5 million tonne alumina refinery project, started as a Rs4,400 crore joint venture between Norsk Hydro, Alcan and Indal (earlier promoted by Alcan) in 1992,...
Hindalco to start Utkal project before June 2012
Aditya Birla group flagship Hindalco Industries plans to commence operations at its greenfield Utkal Alumina project before June 2012. The 1.5 million tonne alumina refinery project, started as a Rs4,400 crore joint venture between Norsk Hydro, Alcan and Indal (earlier promoted by Alcan) in 1992,...
Hindalco clocks 37% dip in net to Rs 2,456 crore
Hindalco Industries , the country's largest aluminium producer , registered a 37% fall in consolidated full-year net profit because of derivative losses and higher capital spending and debt costs. Group net profit for the year ended March fell to Rs 2,456 crore while revenues, including that of...
Hindalco clocks 37% dip in net to Rs 2,456 crore
Hindalco Industries , the country's largest aluminium producer , registered a 37% fall in consolidated full-year net profit because of derivative losses and higher capital spending and debt costs. Group net profit for the year ended March fell to Rs 2,456 crore while revenues, including that of...
Novelis earnings lift Hindalco shares
ET reported that shares of Hindalco Industries were the biggest Sensex gainer after the company's US arm Novelis posted a turnaround in its Q4 earnings. The stock rose 5.8% to 197.50. But investors are not willing to bet on the stock in the long term. Investors are turning cautious on commodities,...
Novelis earnings lift Hindalco shares
ET reported that shares of Hindalco Industries were the biggest Sensex gainer after the company's US arm Novelis posted a turnaround in its Q4 earnings. The stock rose 5.8% to 197.50. But investors are not willing to bet on the stock in the long term. Investors are turning cautious on commodities,...
Aluminum production back in full swing
Hindalco’s Q4FY11 standalone adjusted PAT (profit after tax) declined 3.7% YoY to R6.7 bn; above our estimate of R6 bn due to a lower tax rate and higher other income. Ebitda (earnings before interest, taxes, depreciation and amortisation) of R8.7 bn was broadly in line with our estimate of R9 bn....
Hindalco gets govt nod for alumina refinery project
Hindalco Industries touched an intraday high of Rs 203.75 and an intraday low of Rs 201. At 09:26 hrs the share was quoting at Rs 202.20, down Rs 2.65, or 1.29%. The company has received the final forest clearance for its proposed 1.5 million tonne Rs 6,000 crore alumina refinery project in...
Hindalco announces unaudited Q4 FY 2011 results
Hindalco Industries Limited announced its unaudited financial results for the Q4 ended March 31st 2011. Its performance in the quarter has been significantly better than the comparable quarter in the previous year. Q4 FY11 Results Net sales at INR 6,846 crore in Q4 FY11 were up 27% over Q4 FY10....
Hindalco announces unaudited Q4 FY 2011 results
Hindalco Industries Limited announced its unaudited financial results for the Q4 ended March 31st 2011. Its performance in the quarter has been significantly better than the comparable quarter in the previous year. Q4 FY11 Results Net sales at INR 6,846 crore in Q4 FY11 were up 27% over Q4 FY10....
Hindalco Q4 revenues seen up by 21pct at INR 6507 crore
Money Control reported that Hindalco Industries is likely to post good growth in top line and EBITDA on QoQ basis. According to CNBC TV18 estimates, company is expected report 13% de growth in Q4 standalone profit after tax of INR 578 crore as against INR 664 crore in a year ago period. January to...
Hindalco 3QFY2011 performance highlights and results update
...Hindalco’s standalone net revenue grew by 12.0% yoy and 2.0% qoq to Rs.5,918cr due to higher realisation despite lower sales volumes. During the quarter, a) production at Hirakud continued to be lower by 4.4% yoy (up 10.1 qoq) to 136kt, b) alumina production fell by 5.8% yoy and 7.7% qoq to...
