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...
Hindalco
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...
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...
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...
Events
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 […]
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 ...
