Aditya Birla Group

Hindalco Halts Operations At Jharkand Alumina Refinery After Red Mud Release

Hindalco Halts Operations At Jharkand Alumina Refinery After Red Mud Release

The collapse of a red-mud storage area and resulting injuries prompted Hindalco Industries to suspend operations at an alumina plant in Northeast India. Per the firm, the collapse injured four workers, while a fifth contract employee disappeared and is still missing. “There...

Events

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 […]

Novelis to Ramp Up Automotive Aluminium Offerings: Hindalco’s Pai

Hindalco Industries’ managing director Satish Pai told local media this week that the firm is continuing to position itself in front of an expected rise in automotive aluminium demand by expanding the offerings of their Atlanta subsidiary Novelis. Pai said that current production plans would have Novelis’ shipments of automotive aluminium rise to fully one-quarter […]

Hindalco Setting Aside US$3 Billion for Foreign Acquisitions

Indian mining giant Aditya Birla Group is reportedly setting aside at least US$3 billion in funding to be used for acquiring going concerns to add to its subsidiary Hindalco Industries. According to anonymous sources who spoke to domestic media, Aditya Birla is looking to make a move into the downstream aluminium sector. Such a move […]