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: Buoyancy in aluminium will boost realisations?
... Also,the current buoyancy in aluminium is expected to help the company get better realisations in the short term. The results were declared on Saturday. And on Monday, the stock managed to rise 3.9% to Rs 219.4 on investor expectations of a pick-up in the company’s performance over the next few...
Hindalco recovers half Novelis cost by making cash fungible
...BS reported that four years after buying Novelis, a company 3 times its size, Hindalco is now banking on the Atlanta headquartered aluminum rolling and recycling major to fund its INR 23,000 crore expansion plan in India...
Hindalco strike puts country's defence in spot
...A strike in a nondescript part of Kerala holding to ransom the smooth production of T-90 battle tanks engaged in the defence of the country is something even the trade unions of Kerala are feeling embarrassed about...
Hindalco: Novelis buy pays off
...The markets are not known to reward managements for their long-term vision. In 2007, Kumar Birla faced the wrath of the stock market when he took a $6.2 billion call on Novelis, the Atlanta-based producer of rolled aluminum products. The markets questioned his assumption that more aluminum would...
Steel Guru : Government update on abandoned mines in India <b>...</b>
... One case of non compliance of mine closure plan by HINDALCO Industries Ltd in Amarkantak bauxite mine has come to the notice of Indian ...
Hindalco stock up on expectations of good Q3 numbers
... Hindalco Industries gained 3 per cent today as investors expect it to come out with strong third-quarter numbers following robust figures reported by US rival Alcoa overnight. ... Hindalco is currently trading at Rs 226.60 per share, up Rs 3.80. The stock hit an intra-day high of Rs 231.40 and...
Hindalco Industries strikes record high in weak market
...Sustained selling pulled the key benchmark indices to fresh day's low in mid-morning trade after a firm start. Asian markets were trading mixed. The BSE 30-share Sensex was down 74.70 points or 0.37% to 20,226.40, off 199.45 points from the day's high and up 30 points from the day's low. The...
Hindalco Industries strikes record high in weak market
...Sustained selling pulled the key benchmark indices to fresh day's low in mid-morning trade after a firm start. Asian markets were trading mixed. The BSE 30-share Sensex was down 74.70 points or 0.37% to 20,226.40, off 199.45 points from the day's high and up 30 points from the day's low. The...
Base metal firms likely to post higher profits in 2011
... as prices of metals like aluminium, copper, nickel, among others, will see an upward trend on the back of higher demand from emerging economies like India and China, rising ... Companies like National Aluminium Company Ltd, Vedanta, Hindalco, Hindustan Copper, among others, will see higher...
Hindalco arm to invest $300 m in Brazil plant
...Novelis Inc., the Canadian subsidiary of Hindalco Industries, plans to increase its flat-rolled aluminium capacity in Brazil by 20 per cent to 2.5 lakh tonnes by 2014 on the back of strong demand in the Asian region...
Hindalco to get $1.7-b dividend from Novelis
...Hindalco Industries, an Aditya Birla Group company, will receive a dividend (return of capital) of $1.7 billion (Rs 7,650 crore) from its Canadian subsidiary Novelis Inc which recently announced plans to raise $4 billion (18,000 crore) through debt. Hindalco acquired Novelis in 2007 for $6...
Hindalco set to get RS7,660 crore from Novelis
...The Aditya Birla Group’s flagship firm is set to receive about $1.7 billion or `7,660 crore from Novelis Inc, the Atlanta-based aluminium cans giant, from the proceeds of a $2.5 billion bond sale...
Steel Guru : <em>Bauxite</em> dispatch to Hindalco units paralysed - 178547 <b>...</b>
... 178547 - 2010-12-02 - BS reported that dispatch and transportation of bauxite from mines in Gumla and Lohardaga districts of Jharkhand to ...
Hindalco to complete phase-I of Hirakud plant expansion by Jan
...Hindalco Industries, the Aditya Birla group’s flagship company, is set to complete the first phase expansion of its Hirakud aluminium smelter by December or January 2011. The company missed its original deadline, September 30, due to torrential rain and lightning in July...
Hindalco challenge to recovery MP Tax Act dismissed
...Division bench of Justice Rajendra Menon and Justice RS Jha has disposed of the dispute between Hindalco Industries Limited against Northern Coal Fields Limited where Hindalco had challenged recovery by NCL under demand notices issued by it seeking deposit of tax under Madhya Pradesh Gramin...
Hindalco to increase aluminium production
...Hindalco, the metal flagship of India's Aditya Birla Group said that the company's US based unit Novelis will increase its aluminium production capacity by 20% by 2014...
Novelis to raise $4 bln to help Hindalco refinance debt-report
...Novelis Inc, a unit of Indian aluminium maker Hindalco Industries Ltd (HALC.BO: Quote), plans to raise $4 billion to refinance the loans borrowed by Hindalco in 2007 for its acquisition of Novelis, the Economic Times said on Wednesday...
Hindalco Industries-China <em>Aluminium</em> Network
... The downstream production of flat rolled products grew by 2% to 54042 ... Global aluminium demand in Q2 FY11 reflected a growth of 14% over ...
