Hindalco Industries (BOM:500440)

QUOTE AND NEWS
Reuters  Aug 11  Comment 
REUTERS - Hindalco Industries Ltd, India's biggest producer of aluminium and copper, posted an about 1.6 percent fall in quarterly net profit on Friday.
The Economic Times  Aug 10  Comment 
Buy Hindalco Industries at a price target of Rs 255 and a stoploss at Rs 232 from entry point.
The Hindu Business Line  Aug 7  Comment 
Hindalco Industries board will consider raising up to Rs 4,400 crore via debt. The board “will consider... to avail not exceeding Rs 2,400 crore working capital facility by way of commercial papers...
The Economic Times  Aug 7  Comment 
Sell Hindalco Industries Ltd. at a price target of Rs 215 and a stoploss at Rs 230 from entry point.
The Economic Times  Aug 4  Comment 
Sell Hindalco Industries Ltd. at a price target of Rs 208.0 and a stop loss at Rs 226 from entry point.
The Economic Times  Jul 26  Comment 
Buy Hindalco Industries at a price target of Rs 230 and a stop loss at Rs 214 from entry point.
The Economic Times  Jul 14  Comment 
Buy Hindalco Industries at a price target of Rs 221 and a stop loss at Rs 194 from entry point.
The Economic Times  Jul 12  Comment 
Buy Hindalco Industries Ltd. at a price target of Rs 215.0 and a stoploss at Rs 193 from entry point.
The Economic Times  Jun 17  Comment 
Buy Hindalco Industries Ltd. at a price target of Rs 230.
The Economic Times  Jun 9  Comment 
Buy Hindalco Industries Ltd. at a price target of Rs 230. Standalone EBITDA at Rs 13.5bn, was marginally above estimates, led by strong performance of the aluminium division.




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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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