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...
Aditya Birla Group
Hindalco To Increase Exports Of Aluminium To Offset Drop In Domestic Demand
Indian aluminium smelter Hindalco said last week it plans to increase overseas sales of its output in the coming year to almost two-thirds, raising it from last year’s half-and-half split between domestic and foreign sales. According to statements made by managing director...
Continuing Rebound in Aluminium Prices Boost Hindalco’s Q3 Net Profits by 17 Percent
Aditya Birla Group’s aluminium arm Hindalco Industries Ltd. released results for the just-ended third quarter of fiscal year 2018 late...
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...
Events
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 […]
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 […]
Biden Infrastructure Bill A Big Boon To Aluminium Industry: Norsk Hydro VP Mike Stier
Earlier this month the United States Congress passed into law President Joe Biden’s US$1.2 trillion infrastructure package. The Investing in a New Vision for the Environment and Surface Transportation in America Act (or the INVEST in America Act) will allocate US$550 billion ...
The Net-Zero Shift Starts With Low Carbon Aluminium
2020 was supposed to be “year of climate action”, with the Glasgow COP26 acting as a major milestone for both ...
Aluminium at the LME Week – Key Takeaways
Between October 28 and November 1st, London hosted the traditional London Metals Exchange (LME) Week gathering of analysts, brokers, traders ...
Aluminium Market Oversupplied, Demand Growth Flat
Base metals prices reacted positively to the progress registered in the latest round of US – China trade talks in ...
