Hindalco Industries Ltd.

Utkal Alumina Expansion To Be Complete Within 30 Months – Hindalco’s Pai

Utkal Alumina Expansion To Be Complete Within 30 Months – Hindalco’s Pai

Hindalco subsidiary Utkal Alumina International told domestic media on Wednesday that the 500 thousand metric ton per annum expansion at its plant in Rayagada is scheduled to be completed within the next 2-1/2 years. Hindalco’s managing director Satish Pai elaborated upon the...

Vedanta Firms Up Steady Local Bauxite Supply for Lanjigarh Refinery at OMC Auction

The results of Odisha Mining Corporation’s (OMC) first-ever bauxite auction were a boon for Vedanta, who finally secured a steady stream of affordable bauxite ore for its refinery at Lanjigarh. The deal is currently projected to have OMC providing 800 thousand metric tons of bauxite to Vedanta over the course of the current financial year […]

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 […]

Novelis to Open US$300 MM Automotive Aluminium Sheet Plant in SW Kentucky

American rolled and recycled aluminium firm Novelis Inc. unveiled plans yesterday to construct and operate a 200-thousand-metric-tons-per-annum automotive aluminium sheet manufacturing facility in Guthrie, Kentucky. Per the firm’s press release, the US$300 million greenfield facility will feature heat treatment and pre-treatment lines for use in producing aluminium sheet for subsequent molding into such automotive parts […]

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 […]