Hindalco Industries Ltd
India is the 2nd largest Aluminium producer, 3rd largest lime producer and 4th largest iron ore producer in the world.
Hindalco Industries Limited, metals flagship company of the Aditya Birla Group, is the industry leader in aluminium and copper. Hindalco is the world’s largest aluminium rolling company and one of Asia’s biggest producers of primary aluminium. Its state-of-the-art copper facility comprises a world-class copper smelter and a fertiliser plant along with a captive jetty. The copper smelter is among the world’s largest custom smelters at a single location. Hindalco ranks among the global aluminium majors as an integrated producer and a footprint in 11 countries outside India. Hindalco has been accorded Star Trading House status in India. Its aluminium is accepted for delivery under the High-Grade Aluminium Contract on the London Metal Exchange (LME), while its copper quality is also registered on the LME with Grade A accreditation. In FY23, Hindalco produced 3.525 MT of alumina.
- Hindalco operates 37 units in 10 countries.
- Workforce of 36,000.
- Consolidated revenue from operations stood at Rs. 41,358 crore (US$ 5.57 billion) in the first quarter of FY22.
- World’s largest aluminum rolling company.
Hindalco Industries Limited: Big in your life
| Year | Milestone |
|---|---|
| 2024 |
Hindalco Industries plans to invest Rs.800 crore (US$ 96.14 million) in a new plant near Sambalpur, Odisha, to expand its aluminium foil production for EV batteries and energy storage systems. The plant will initially produce 25,000 tonnes of high-quality aluminium foil used in Lithium-ion and Sodium-ion cells. Hindalco Industries Ltd. and Texmaco Rail & Engineering Ltd. have formed a strategic alliance to develop aluminium rail wagons and coaches for Indian Railways, aiming to enhance efficiency and support emission reduction goals. |
| 2023 |
In December 2023, the company announced its plan to expand its manufacturing capacity of high-quality aluminium foil for electric vehicles and energy storage systems. The company is investing Rs. 800 crore (US$ 96.67 million) to construct a new plant near Sambalpur in Odisha, initially producing 25,000 tonnes of this essential product for Lithium-ion and Sodium-ion cells. As announced in October 2023, in a significant move to bolster Odisha's commitment to deliver long term raw material security for sustainable business, the Odisha Mining Corporation (OMC) and Hindalco Industries Limited, have come together to sign a Memorandum of Understanding (MoU) for the Long-Term Linkage of Raw Material for Hindalco Alumina Refinery at Kanshariguda, Rayagada. In September 2023, Hindalco Industries Limited signed a technology partnership with Italy-based Metra SpA renowned for its expertise in producing structured and value-added aluminium extrusions. In August 2023, Hindalco Industries Ltd., and Texmaco Rail & Engineering Ltd. a specialized engineering company entered into a strategic alliance to develop and manufacture world-class aluminium rail wagons and coaches that will help Indian Railways achieve its emission goals and bolster operating efficiency. In Q3 FY23, Hindalco reported consolidated revenue at Rs. 53,151 crore (US$ 6.4 billion), up 6% YoY. |
| 2022 |
In July 2022, Hindalco Industries Limited has signed an MoU with Phinergy and IOC Phinergy Private Limited (IOP) on R&D and pilot production of aluminium plates for Aluminium-Air batteries, and recycling of aluminium, after usage in these batteries. |
| 2021 |
In December 2021, Hindalco Industries Limited reached a formal deal to purchase Hydro's aluminium extrusions business in India for Rs. 247 crore (US$ 32.4 million). In August 2021, Hindalco Industries announced a plan to invest ~Rs. 8,000-10,000 crore (US$ 1.08-1.35 billion) in the Hirakud, Silvassa and Mundra plants. |
| 2020 |
In December 2020, announced its plans to invest Rs. 730 crore (US$ 98.4 million) to set up a 34,000-tonne aluminium extrusion plant at Silvassa. In September 2020, Hindalco Industries Limited and Hindustan Copper Limited (HCL), signed a Memorandum of Understanding (MoU) for the long-term purchase and sale of copper concentrate produced by Hindustan Copper Ltd. Acquired Aleris through its wholly owned subsidiary, Novelis Inc. |
| 2019 |
BizLabs Fintech 2019, launched by Aditya Birla Group, looked to empower the innovative start-ups to solve real world business disputes of its financial services arm Aditya Birla Capital Hindalco was honoured with a leadership award at the Frost & Sullivan and TERI Sustainability 4.0 Awards 2019 |
| 2018 |
CSR Times Award 2018 for Sustainable Livelihood project |
| 2017 |
Novelis entered into JV agreement in May 2017 with Kobe Steel to sell 50 per cent of its ownership interest in its Ulsan, South Korea facility. |
| 2007 |
Acquisition of Novelis. |
| 2006 |
MoU signed with the government of Madhya Pradesh for a greenfield aluminium smelter in Siddhi district. |
| 2003 |
Hindalco acquires Nifty copper mine & Mount Gordon copper mines, through Aditya Birla Minerals Limited. |
| 2002 |
Amalgamation of Indo Gulf Corporation Limited’s copper business, Birla Copper, with Hindalco. |
| 2000 |
Acquisition of controlling stake in Indian Aluminium Company Limited with 74.6 per cent equity holding. |
| 1999 |
Aluminium alloy wheels production commenced at Silvassa. |
| 1988 |
Material handling unit introduced up-to date warehousing equipment. |
| 1962 |
Commencement of production at Renukoot (Uttar Pradesh) with an initial capacity of 20,000 MTPA of aluminium and 40,000 MTPA of alumina. |
| 1958 |
Incorporation of Hindalco Industries Limited. |
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