Hindalco Industries Ltd.

Sources Say Expiration of Zhongwang Talks with Aleris Opens Door for Hindalco Bid

Sources Say Expiration of Zhongwang Talks with Aleris Opens Door for Hindalco Bid

According to sources professing knowledge of the situation, last week’s expiration of acquisition talks between Aleris International, Inc. and China Zhongwang Holdings Limited has paved the way for the long-promised purchase pitch from Hindalco for the Cleveland aluminium extruder. Although talks between...

Hindalco Eyeing Expanding Operations to China

In an interview with local media, Hindalco’s managing director Satish Pai opined that capacity cuts occurring in the People’s Republic of China may well be a boon for global aluminium prices. Noting that the Chinese government is in the midst of consolidating its steel industry in order to limit pollution, Pai stated that the same […]

India’s Aluminium Firms Register Protest Against Odisha’s Massive Hike in Power Duty

Indian aluminium giants National Aluminium Company Limited (Nalco), Vedanta Resources plc, and Hindalco Industries Ltd. have joined in a petition to the state government of Odisha seeking revocation of a recent gargantuan hike in the state’s power duty that they say has had a tremendous negative impact upon production costs. Odisha’s power duties have risen […]

Hindalco Plans High-End Aluminium Alloy Plate Plant to Serve Defense Sector

Hindalco Industries Ltd. will soon begin producing high-end aluminium alloy plate for India’s defense industry. The firm’s managing director Satish Pai revealed the fact during an interview with domestic media on Tuesday. The plant will take two years to build and is estimated to require an investment of US$307 million, part of which may be […]

Record Highs Litter Hindalco’s FY2017 Financial and Production Results

Mumbai’s Hindalco Industries Ltd. released results for the fiscal year ending on March 31, boasting record highs in several financial and production categories. The Aditya Birla Group subsidiary turned in a record consolidated EBITDA for the fiscal year of INR13,558 crore, an increase of over one-third year-on-year. EBITDA for the firm’s aluminium operations rose by […]

Hindalco to Save US$15 MM via Upgraded Turbines at Captive Renusagar Plant

Mumbai’s Hindalco Industries Ltd. and General Electric (GE) announced a partnership yesterday to upgrade the aluminium firm’s steam turbines at Renusagar Captive Power Plant in Uttar Pradesh, India. According to GE, the new turbines are expected to increase the plant’s efficiency by six percent, yielding a cost savings of US$15 million over the first five […]