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

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...


Hindalco Raises US$500 MM via Stock Offering

Two-and-a-half years after a tepid reaction from investors to a similar opportunity, a qualified institutional placement (QIP) launched on Friday netted Hindalco US$500 million over the weekend. The QIP, which was India’s first metal sector share sale using the method, was also the country’s largest non-bank QIP since 2015. Foreign investors including Fidelity, Halbis, Blackrock, […]

Hindalco to Invest Up To US$105 MM on Debottlnecking Utkal Refinery

Mumbai’s aluminium manufacturing firm Hindalco Industries Ltd. plans to invest INR5 billion to INR7 billion (US$75 million to US$105 million) in a debottlenecking project at its Utkal alumina refinery. “Yes, we are already working on, let say the engineering designs for that de-bottlenecking. I will just leave at that because, I think in 2017-18 we […]

Vertical Integration Gives Hindalco an Edge Against Input Costs: Satish Pai

The aluminium market in India is on the rebound, and it couldn’t have come at a better time for Hindalco Industries Ltd. So said the firm’s managing director Satish Pai in an interview published by a domestic newspaper on Wednesday. Pai indicated that he expected aluminium prices to stay in a somewhat narrow range over […]

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 […]