Aditya Birla Group

Hindalco Teams Up With Manush Labs To Boost Clean Tech Start Ups

Hindalco Teams Up With Manush Labs To Boost Clean Tech Start Ups

India’s aluminium giant Hindalco is partnering with MIT-Harvard start-up accelerator program Manush Labs on a project to boost clean-tech startups around the world. Hindalco says the Cleantech Startup Challenge 2022 program would run for six months and intends to support prototyping, piloting,...

Events

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 last week. The firm’s financials were markedly improved in the quarter thanks to the recovery of aluminium prices among other factors. The firm’s revenues in the quarter of INR11,023 crore were up quarter-on-quarter from last […]

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 […]