Hindalco

Value addition can bail out debt laden Indian producers

Value addition can bail out debt laden Indian producers

For primary aluminium producers in India saddled with humongous debt, shifting focus to value added products is the new buzzword, and understandably so. Volatile LME prices have eroded much of the margins of top producers like Aditya Birla Group owned Hindalco and...

Events

Indian Government Considering Enacting Minimum Import Price on Aluminium

The Indian government is mulling placing a minimum import price upon aluminium in order to slow the surge of cheap aluminium flooding the country’s market. India’s Revenue Department in the Ministry of Finance is considering such action after executives from Vedanta, Nalco, Hindalco and Balco met with Finance Minister Arun Jaitley last week and pitched […]

Novelis to Raise up to US$1.1 bln via Bond Issue

Rolled and recycled aluminium firm Novelis Inc. announced a bond issue yesterday intended to raise up to US$1.15 billion for refinancing debt. Novelis initially intended to use the funds to repurchase US$500 million of US$1.1 billion worth of notes due next year, but subsequently amended the offering to include the entirety of the outstanding notes. […]

Lower Material Costs and Higher Production Boost Hindalco’s Q1 2017 Numbers

Indian aluminium producer Hindalco Industries Ltd. turned in numbers for the first quarter of FY 2017 yesterday. The Aditya Birla Group subsidiary turned in substantially better bottom-line numbers in the just-ended quarter compared to last year’s Q1. The firm increased aluminium production in the quarter by seventeen percent to 308 thousand metric tons. A drop […]

Will Indian auto manufacturers shift gears to aluminium?

Aluminium use in automotive bodies is gaining traction in US and EU markets. The outlook for aluminium applications is also robust as auto Original Equipment Manufacturers (OEMs) embrace the metal on a wider scale thanks to its inherent strengths. But are their cousins in India geared up to ride the aluminium wave? For now, aluminium […]