Utkal Alumina International Limited

Novelis Record Financial Performance Shines Amid Dim Results For Hindalco In FY ‘20’s First Quarter

Novelis Record Financial Performance Shines Amid Dim Results For Hindalco In FY ‘20’s First Quarter

Indian metals firm Hindalco reported results for the first quarter of fiscal year 2020 last week. Though the market presented the firm a challenge in the quarter, Hindalco says stable operational performance carried it through. In the first quarter Hindalco’s consolidated EBITDA...

Events

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 to comments made by Hindalco’s chairman Kumar Mangalam Birla, Utkal Alumina International Ltd has been producing more of the aluminium precursor than the company can use, forcing the firm to consider sales of it to […]

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 […]

Hindalco Turns In Strong Financials for Second Quarter of FY 2017

Hindalco Industries Limited reported unaudited earnings for the second quarter of fiscal year 2017 on Saturday. Numbers for the firm were up, thanks in large part to a strong showing in aluminium. Hindalco’s revenues in the quarter were ₹95.62 billion, which was basically level year-on-year. PBITDA came in at ₹14.93 billion, up 39% year-on-year, and […]

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 […]

Aditya Birla Subsidiary Improves Farmers’ Lives in Odisha

Aditya Birla’s Utkal Alumina International Limited (UAIL) is spearheading an initiative to promote agriculture in Eastern India’s state of Odisha. According to a report, around two-thirds of India’s rural population depend on agriculture for their livelihood, but the country’s agricultural sector contributes just sixteen percent to the country’s Gross State Domestic Product (GSDP). As a […]