Hindalco Industries (BOM:500440)

QUOTE AND NEWS
The Times of India  Feb 23  Comment 
Shares of Hindalco Industries rose over three per cent today after the company bagged the maximum number of mines in the first phase of auction.
The Hindu Business Line  Feb 23  Comment 
Metal scrips Sesa Sterlite and Hindalco Industries were on a roll in the markets on Monday morning. At 10.24 am Sesa Sterlite, trading at Rs 220.65, led the pack on the NSE. This represented a gai...
The Hindu Business Line  Feb 23  Comment 
Metal shares Hindalco Industries and Sesa Sterlite were among the top gainers on the BSE on Monday morning. At 10.15 am Hindalco Industries was trading at Rs 159.10, up 1.73 per cent on its Friday...
The Times of India  Feb 21  Comment 
Continuing aggressive bidding, Hindalco Industries has bagged one more mine in the ongoing coal auction, taking the total number of blocks won by the firm to three that includes two in Chhattisgarh and one in Jharkhand.
The Hindu Business Line  Feb 16  Comment 
The cancellation of bauxite mines and auctioning of coal blocks have come as a bolt from the blue for Hindalco Industries, which is on the verge of sealing a huge investment of about $6 billion...
The Economic Times  Feb 12  Comment 
"Hindalco's ramping up of production is as per plan, and the company is in the midst of bidding for coal blocks."
The Economic Times  Feb 12  Comment 
Net income for the quarter ended Dec. 31, Hindalco's fiscal third, rose to 3.59 billion rupees ($57.52 million) from 3.34 billion rupees a year earlier.
The Hindu Business Line  Feb 12  Comment 
The Hindu Business Line  Feb 10  Comment 
Shares of Hindalco Industries today gained 2.4 per cent as the company’s unit Novelis has reported a net income of $46 million in the third quarter, up from $13 million in the same period the previ...
The Hindu Business Line  Feb 4  Comment 
Metal stocks continued to rally on the bourses in late trading on Wednesday. At 3.40 pm Hindalco Industries was the top gainer on the NSE. It was trading at Rs 152.40, representing a gain of 4.06...
The Hindu Business Line  Feb 4  Comment 
Hindalco Industries rallied further to notch up gains of 3.55 per cent on the BSE on Wednesday. At 3.20 pm it was trading at Rs 151.55 as against Rs 146.35 at close on Tuesday. Tata Powe...




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Business Profile

Hindalco Industries (Bombay Stock Exchange: 500440), a flagship company of the Aditya Birla group, is structured into two strategic businesses aluminum and copper. HINDALCO commenced its operations in 1962 with an aluminum facility in Renukoot, Uttar Pradesh. Birla Copper, HINDALCO`s copper division is situated in Dahej, Bharuch district, Gujarat.

The aluminum division`s product range includes alumina chemicals, primary aluminum ingots, billets, wire rods, rolled products, extrusions, foils and alloy wheels. It enjoys a domestic market share of 42% in primary aluminum, 63% in rolled products, 20% in extrusions, 44% in foils and 31% in wheels. To provide value-added products and services, HINDALCO has launched several brands in recent years, which include Aura for alloy wheels, Freshwrapp for kitchen foil and Everlast for roofing sheets. The copper plant produces copper cathodes, continuous cast copper rods and precious metals like gold, silver and platinum group metal mix. Sulphuric acid, phosphoric acid, di-ammonium phosphate, other phosphatic fertilizers and phospho-gypsum are also produced at this plant.

Hindalco Industries has a 51% shareholding in Aditya Birla Minerals which has mining and exploration activities focused at the Nifty copper operation and the Mt Gordon copper operation in Australia. The company has two R&D centers; the Belgaum Research and Development Center in Belgaum, Karnataka and Taloja Research and Development Center in Taloja, Maharashtra. They have been recognized by the Government of India`s Department of Scientific and Industrial Research (DSIR).

Competition

  • National Aluminium Company - National Aluminium Company, a public sector unit, is Asia's largest integrated aluminium complex, encompassing bauxite mining, alumina refining, aluminium smelting and casting, power generation, rail and port operations. [1]

References

  1. [http://www.nalcoindia.com/home.html , Company website
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