Hindalco

Indian Aluminium Producers Forecast Double-Digit Demand Growth

Indian Aluminium Producers Forecast Double-Digit Demand Growth

India’s aluminium industry is on the rebound after a period of lower demand, according to domestic aluminium firms. Double-digit growth is on the horizon, they say, thanks to significant increases in automotive sales and industrial activity. Domestic aluminium producers also point to...

Events

Novelis Pledges US$1 MM to Habitat for Humanity

Rolled aluminium producer Novelis pledged to donate US$1 million to Habitat for Humanity on Friday, to be distributed over the next five years. The firm indicates that it is doing so in honor of its fifth annual “One Novelis Volunteer Month.” According to the press release, Novelis employees around the globe come together to serve […]

Balco Withdraws Case Against Coal Ministry Over Rejected Bid

India’s Bharat Aluminium Company (Balco) withdrew a case against the Coal Ministry at the Delhi High Court last week. Balco initially filed against the ministry opposing its decision to reject its winning bid for a coal block in Chhattisgarh. Balco initially “won” the bid in March 2015. However, the ministry subsequently rejected the bid, saying […]

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 London listed metal conglomerate Vedanta’s aluminium operations in India. Between them, the two […]

Decision by Indian Government on MIP for Aluminium Expected in Fifteen Days

The Indian government has again taken up the subject of a minimum import price (MIP) on aluminium, and, according to an official cited in the domestic press, a final decision is expected within the next fifteen days. India’s Mines Secretary Balvinder Kumar said that his ministry is looking into the proposition of an MIP on […]

Indian Government Investigating Utkal Alumina’s Operations at Rayagada

India’s National Green Tribunal (NGT) instructed the country’s forest department to inspect Utkal Alumina International Limited (UAIL) to determine whether its operations at Rayagada are situated on forest land. Sanjit Kumar Turuk, listed as the petitioner, filed a petition with NGT alleging that UAIL was given a mining lease and allowed to operate an alumina […]