Top 10 Aluminium Companies in India

The aluminium industry in India is on the verge of witnessing a major leap in consumption over the next five years. Major producers are adding significant capacities and investing in new technologies to add more value to their downstream product portfolios. This, they are doing, in order to cash in on the increasing demand primarily in the building and construction sector followed by transportation (metro and high-speed railway coaches), electricals, electronic consumer durables, packaging (aerosol cans and pharmaceutical foils), and next-gen applications like solar reflectors. Defence is another sector where aluminium is being used for making naval ships and surveillance drones.

Experts opine Indian aluminium companies with downstream operations should further consolidate their R&D strategies to remain low-cost yet sustainable over the long term. Here are the top ten aluminium product manufacturing companies in India who are remoulding their R&D strategies to find a bigger consumption pie in the domestic market and abroad:

(Please note, the ranking has been done taking market capitalization by NSE and BSE as one of the key basis factors).

3. Bharat Aluminium Company: Vedanta Group holds a 51% stake in Bharat Aluminium Co. Ltd. (BALCO), while Govt. of India owns the remaining 49% stake. Balco  has many firsts to its credit as far as progressing India’s downstream aluminium growth story is concerned. The company was the first to produce alloy rods for conductors used in the power transmission industry, the first to roll material for Aerospace in the country and the first to set up the widest Hot Rolling Mill in India. The company bagged the much coveted I.M.E.A. India Manufacturing Excellence Gold Award -2016 for achieving production, and product quality as per world standards.