Aditya Birla Group

Novelis Announces Plans For US$2.5 MM Aluminium Can Recycling Plant In SW Alabama

Novelis Announces Plans For US$2.5 MM Aluminium Can Recycling Plant In SW Alabama

Atlanta’s rolled aluminium firm Novelis Inc. said this week that it is planning to build a US$2.5-billion low-carbon aluminium recycling and rolling plant in Bay Minette, Alabama. The new plant, which is a response to strong demand from the aluminium beverage packaging...

Events

Hindalco Seeking Government Go-Ahead to Double Utkal Alumina Refinery Output to 3 MTPA

In an effort at shoring up the feedstock stream into Hindalco’s Aditya smelter, Aditya Birla Group’s Utkal Alumina International Ltd has petitioned the Indian government for permission to double the alumina output of its Odisha refinery to 3 million metric tons per annum. According to domestic media, Utkal delivered its petition to the expert appraisal […]

Sources Say Hindalco Offering US$2.5 Billion for Rolled Aluminium Firm Aleris

Hindalco Industries Ltd. has tendered an offer to buy Cleveland rolled aluminium firm Aleris International, Inc. for US$2.5 billion according to unnamed sources who spoke to Bloomberg earlier this week. According to the unnamed sources, the move is part of Kumar Mangalam Birla’s continuing gambit to grow his global industrial footprint. Per the sources, the offer […]

Vedanta On Track to Surpass Aditya Birla as India’s Top Aluminium Producer

Projected outputs for the current fiscal year show Vedanta Ltd leapfrogging Aditya Birla Group for the number-one spot for aluminium production in India. According to projections, the current top aluminium producer Vedanta is on pace to turn out 1.6 million metric tons of the metal by the end of the fiscal year. The firm has […]

Sources Say Aditya Birla Readying Offer for Aleris

According to sources who spoke with domestic media, Aditya Birla Group is preparing to make an offer for Hindalco’s extruded aluminium subsidiary Aleris International, Inc. The sources, who spoke to the media on condition of anonymity, say that the firm is assigning an enterprise value of US$2.5 billion to the Cleveland, Ohio subsidiary. According to […]

Hindalco Mulling Exporting Excess Alumina Production

Cursed with an overabundance of alumina production, India’s Hindalco Industries Ltd is considering selling the excess to overseas buyers. According to comments made by Hindalco’s chairman Kumar Mangalam Birla, Utkal Alumina International Ltd has been producing more of the aluminium precursor than the company can use, forcing the firm to consider sales of it to […]