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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Hind Aluminum Industries forms subsidiary in Oman
...A subsidiary Company named Associated Industries Limited SFZ of Hind Aluminum Industries Limited has been incorporated in the Sultanate of Oman for exploring the processing opportunities of mineral resources...
Hindalco cheapest, target set at R255
...Hindalco had a positive correlation with LME aluminium in the past five years, however, this correlation has turned negative in the last three months, making Hindalco the only stock among global aluminium peers to deliver negative returns...
Hindalco shines after financial closure for large aluminium project
...Hindalco Industries rose 1.82% at Rs. 212.45 at 10:53 IST after the company said it raised Rs. 7875 crore as loans for its 3.59 lakh tonnes per annum greenfield aluminium smelter project in Madhya Pradesh...
Hindalco raises Rs 7,875 cr loan for smelter unit in MP
...Mumbai, Mar 31 (PTI) Hindalco Industries today said it has raised Rs 7,875 crore as loans for its 3.59 lakh tonnes per annum aluminium smelter project in Mahan of Madhya Pradesh...
Hindalco plan to raise INR 8000 crore of Aditya Aluminum
...ET reported that Hindalco is planning to raise INR 8000 crores for Aditya Aluminum project. The fund rising is expected to close in Q1 FY 2012. This comes soon after the financial closure of the Mahan project. Hindalco is on a fund raising spree to put all their domestic projects on a fast...
HCC bags two orders from Hindalco Industries
...Infrastructure firm Hindustan Construction Company (HCC) on Thursday said it has bagged two orders aggregating to Rs152 crore from Hindalco Industries for latter’s Orissa Project...
Hindalco Industries can test Rs 215-220
...As far as the Hindalco is concerned, I think the buying comes at below Rs 200, the moment the stock slips below Rs 200 and one can see again the stock moving back to about Rs 215-220. So may be the range of Rs 200-215 gives lot of comfort even to the short-term traders by playing into the stock...
Hindalco Industries can test Rs 215-220
...As far as the Hindalco is concerned, I think the buying comes at below Rs 200, the moment the stock slips below Rs 200 and one can see again the stock moving back to about Rs 215-220. So may be the range of Rs 200-215 gives lot of comfort even to the short-term traders by playing into the stock...
Hindalco: Rs 8000 crore rupee debt for Mahan Aluminium Project
...Aditya Birla group owned Hindalco is raising Rs 8000 crore rupee loan for its Mahan Aluminium project. The lenders include SBI Caps, Kotak Mahindra Bank , Citibank & Royal Bank of Scotland. The average interest rate for the rupee is loan is 10.25%. Hindalco is expected to sign the deal with the...
Q&A: D Bhattacharya, MD, Hindalco and Vice-Chairman, Novelis
...Entry of institutional investors into aluminium would push up prices of the metal further up, believes D Bhattacharya, managing director, Hindalco & vice-chairman, Novelis. In a conversation with Dilip Kumar Jha, he also said rising prices would help Hindalco. Excerpts:..
Q&A: D Bhattacharya, MD, Hindalco and Vice-Chairman, Novelis
...Entry of institutional investors into aluminium would push up prices of the metal further up, believes D Bhattacharya, managing director, Hindalco & vice-chairman, Novelis. In a conversation with Dilip Kumar Jha, he also said rising prices would help Hindalco. Excerpts:..
Q&A: D Bhattacharya, MD, Hindalco and Vice-Chairman, Novelis
...Entry of institutional investors into aluminium would push up prices of the metal further up, believes D Bhattacharya, managing director, Hindalco & vice-chairman, Novelis. In a conversation with Dilip Kumar Jha, he also said rising prices would help Hindalco. Excerpts:..
Hindalco eyes Rs 9,200-cr Mahan's financial closure by March
...The road shows to achieve the financial closure for Hindalco’s Mahan Aluminium project have begun. The project, slated at Rs 9200 crore, will have a 359 kilo tonne per year (ktpy) aluminium smelting capacity and 900 MW of captive power...
Hindalco declares lockout as talks fail
...Heavy Vehicles Factory, Avadi, will have to look for T-90 tank wheels elsewhere as the Kochi-based Hindalco Industries Ltd, which manufactures the special aluminium alloy, has declared lockout following labour unrest...
Hindalco: Buoyancy in aluminium will boost realisations
...Hindalco's performance in the December 2010 quarter was adversely impacted by a sluggish performance in its key copper division, which accounts for nearly two-third of its quarterly sales. The company grappled with lower treatment and refining charges (TC/RC) on a year-on-year (YoY) basis in its...
Hindalco gears up to reap benefits of Novelis deal
...Cans for beverage majors such as Pepsi and Coke will soon be made in India. Hindalco Industries , which acquired Novelis in 2007, will make the high-margin can sheets for global buyers at its upcoming facility in Hirakud, Orissa, through a plant relocated from Novelis' UK unit...
Cash flexibility for Novelis and Hindalco - Mr Bhattacherya
... Novelis is now set to be part of Hindalco's growth in India. It plans to invest USD 18 million in a new multi chamber melting furnace to recycle 50,000 tonnes of aluminum scrap annually to feed the rolling mill at Alunorf of Germany. ....
Novelis to make India debut in October
... Come October, Hindalco will bring Novelis, its Atlanta-based subsidiary and world leader in aluminium rolling products, into india. ...
