Aditya Birla Group

Hindalco Setting Aside US$3 Billion for Foreign Acquisitions

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...

Events

Kobelco to Partner with Novelis in Expansion of Aluminium Operations

Japan’s Kobe Steel, Ltd. is rumored to soon announce a multi-million-dollar partnership with Atlanta’s Novelis Inc. to build an aluminium plant to supply the latter’s processing plants abroad. The Nikkei Asian Review reported yesterday that Kobelco could announce the US$263-million to US$350-million new aluminium plant as early as tomorrow. The proposed plant will be built […]

Hindalco’s Third-Quarter Results Boosted by Strong Aluminium Sector

Mumbai’s Hindalco Industries Ltd. reported unaudited, standalone results for the third quarter of its fiscal year 2017 on Monday. The quarter’s results were buoyed by a strong showing in its aluminium operations. For the quarter ending December 31, Hindalco earned ₹99.1 billion from all operations, up year-on-year from last year’s third-quarter total of ₹87.2 billion, […]

Novelis Boasts 53% Increase in Recycled Content Use in Latest Sustainability Report

Atlanta’s rolled and recycled aluminium firm Novelis Inc. released its sustainability report for FY 2016 today. According to the report, the firm achieved a recycled aluminium input of fifty-three percent for the year, which is a twenty-three-percent improvement over baseline levels. Novelis says that the significant improvement, which is measured against average inputs from fiscal […]

Novelis Lauded for Recycled Automotive Program

Atlanta’s rolled aluminium firm Novelis Inc. was awarded the European Aluminium Award at Aluminium 2016 in Germany this week. The award was given for the company’s work in developing the Recycled Aluminium Car (REALCAR) project in conjunction with Jaguar Land Rover Limited. REALCAR, which was begun in 2008, is a project to develop a closed-loop […]

Indian Aluminium Producers Forecast Double-Digit Demand Growth

India’s aluminium industry is on the rebound after a period of lower demand, according to domestic aluminium firms. Double-digit growth is on the horizon, they say, thanks to significant increases in automotive sales and industrial activity. Domestic aluminium producers also point to an increased public investment in infrastructure, reforms in the country’s power sector, and […]