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 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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Aluminium is an essential component of the global economy. The rising demand for green metal clearly shows that no matter how many setbacks or blips come across, the market or the need for this green metal will never decrease. Below is a recap of the events which unfolded in the upstream aluminium...
The Baphlimali Bauxite Mines, located in Odisha and operated by Utkal Alumina, a subsidiary of Hindalco Industries Limited under the Aditya Birla Group, has been honoured with the esteemed Misrilal Jain Environment Award for 2023-24. The award, presented by Shri V.L. Kanta Rao, I.A.S., Secretary to...
On Friday, August 30, the Directorate General of Trade Remedies (DGTR) under the Ministry of Commerce and Industry suggested an anti-dumping duty on Chinese aluminium foil imports as it observed Chinese foils accounting for 30 per cent of the Indian market despite adequate domestic production...
Hind Aluminium, a manufacturer of aluminium & alloy conductors and aluminium wire rods, announced its first quarter financial results for the fiscal year 2024-25, reporting a fall in net sales to INR 0.25 crore. On a quarter-on-quarter basis, the Q1 net sales decreased by 24 per cent from INR 0.33...
Aditya Birla Group-owned Hindalco Industries announced in its annual general meeting on August 22 that it would invest $10 billion in capacity expansions. Chairman Kumar Mangalam Birla distinctly outlined his plans for ongoing and near-term projects related to aluminium and copper smelters,...
Aluminium is an essential component of the global economy. The rising demand for green metal clearly shows that no matter how many setbacks or blips come across, the market or the need for this green metal will never decrease. The upstream aluminium sector, encompassing bauxite, alumina, and...
An attempt to list Novelis Inc. on the U.S. stock market is now projected for 2025, according to Satish Pai, Managing Director of Hindalco Industries Ltd. This follows the postponement of the aluminium subsidiary's initial public offering, which was originally scheduled for 2024 but was delayed in...
On Tuesday, August 13, Hindalco Industries Limited announced the first quarter results of the financial year 2024-25 ended June 30. In the report, the company highlighted its robust fiscal growth, attributing to the jump of global aluminium prices on the London Metal Exchange. The profit earned in...
As a testament to its exemplary mining practices, Baphlimali Bauxite Mine of Utkal Alumina, a subsidiary of Hindalco Industries Limited, has been awarded the 5-Star Rating Award. This award, bestowed by the Ministry of Mines, Government of India, highlights the mine's outstanding performance in...
Utkal Alumina, a subsidiary of Hindalco Industries Limited, organised an Annual Entrepreneurship Conclave under Project Udyamee on July 27, 2024, at Rayagada, focusing on empowering communities and driving inclusive growth. About 283 entrepreneurs attended the event, showing great enthusiasm and...
Hindalco, a flagship company of the Aditya Birla Group, hosted a workshop titled "Manufacturing Opportunities for MSMEs in the Downstream Aluminium Industry" on Tuesday at the Utkal Chamber of Commerce and Industry Ltd. (UCCIL) conference hall. Organised in collaboration with the Confederation of...
Hindalco Industries Limited reduced its aluminium prices for two days this week by INR 8,000 per tonne in response to the current downtrend of the LME aluminium benchmark price. During June 3-5, the global aluminium price on the London Metal Exchange contracted by US$48 per tonne or 1.83 per cent...
On June 5, 2024, Novelis announced that it deferred the initial public offering due to market conditions for an indefinite time. It said the company would evaluate the situation and decide on a suitable time for rolling out the offering. According to a report last week, Novelis was targeting to...
Hindalco Industries Limited has awarded a new contract to Tenova for the supply of a state-of-the-art Roll Grinder. This sophisticated machinery, produced by Pomini Tenova, is destined for Hindalco’s renowned Renukoot aluminium plant in Uttar Pradesh, India. The roll grinder will enhance the...
Novelis Inc., an American industrial aluminium company and an independent subsidiary of Hindalco Industries Limited, reportedly aims to raise $945 million in a US IPO by selling 45 million shares for $18-21 each. This IPO may even generate $1.08 billion of capital for Novelis if the green shoe...
Hindalco Industries has reported impressive performance metrics for the January to March 2024 quarter, showcasing strong margins and volumes across its aluminium and copper business segments. The company's aluminium upstream earnings before interest, taxes, depreciation, and amortisation (EBITDA)...
Hindalco Industries Limited, Aditya Birla Group's flagship metal company, has announced its consolidated financial results for the fourth quarter and full year of FY2024, which ended March 31. The company revealed that it concluded the year with strong results across all business segments, earning...
This week, dated May 15 and 16, Hindalco’s aluminium prices saw two consecutive days of alteration. On Wednesday, May 15, Hindalco’s aluminium prices were cut from the previous week in line with the LME aluminium price fall, while Hindalco’s prices on May 16 saw an elevation in concurrence with the...
