Hindalco Industries (BOM:500440)

QUOTE AND NEWS
The Hindu Business Line  Jul 18  Comment 
Hindalco Industries, an Aditya Birla Group company, plans to raise ₹5,000 crore through qualified institutional placement. The decision was taken at the board meeting held on Friday, said the comp...
Reuters  Jul 18  Comment 
Metals producer Hindalco Industries Ltd said on Friday its board had approved a plan to raise up to 50 billion rupees ($829.5 million) by selling shares to institutions or through other options.
The Hindu Business Line  Jul 17  Comment 
Metal stocks were on a roll on the bourses on Thursday. Hindalco lead the charge on both the BSE and NSE. At 3.15 pm the share was trading at ₹188.75 on the NSE. This represented a gain of 3.54 pe...
The Hindu Business Line  Jul 17  Comment 
Metal sector stocks made rapid strides to emerge the predominant gainers on the BSE near the close on Thursday. At 3.05 pm Hindalco Industries had built on its morning levels to hold gains of 3.80...
The Economic Times  Jul 17  Comment 
Hindalco Industries Ltd is a 'BUY' call with a target of Rs 195 and a stop loss of Rs 177.
The Economic Times  Jul 16  Comment 
Hindalco Industries Ltd rose as much as 2.5% after Bofa-ML upgrades the stock to "buy" from "underperform" and raised its target to Rs 220 from Rs 96.
The Hindu Business Line  Jul 14  Comment 
Metal stock Hindalco Industries maintained its firm trend through the day to hold gains of 4.09 per cent near the close on Monday. At 2.45 pm it was quoting at ₹173.25, up 4.09 per cent on its pre...
The Economic Times  Jul 14  Comment 
Shares in metal refiners rose with Hindalco Industries gaining over 3.5 per cent on optimism ahead of China GDP data due on Wednesday, several traders said.
The Hindu Business Line  Jul 14  Comment 
Hindalco Industries was the top gainer on the NSE as well at the week open. At 11.20 am it was quoting at ₹173.50, up 4.05 per cent on its previous close of ₹166.75. United Spirits bubble...
The Hindu Business Line  Jul 9  Comment 
Metal and energy sector stocks were the predominant gainers on the NSE as well on Wednesday morning. At 11.14 am Hindalco Industries was the top gainer on the bourse, trading at ₹176.25, a gain of...




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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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