Hindalco Industries Limited, along with its subsidiaries, manufactures and sells copper and aluminium products to their customers in India as well as internationally. It manages and operates three aspects of the industry such as Aluminium, Novelis and Copper. The company mainly provides Alumina, wire rods, billets and so on.
Hindalco Industries Limited also produces glass, aluminium fluoride as well as zeolites, which are used in the different business purposes in other companies and plants of the companies. The company manufactures aluminium foil, which is mainly used in the pharmaceutical industries, defence, automobile industries, construction business, and so on.
Hindalco Industries Limited provides many copper products such as copper cathodes, copper rods and many more, which are used in the transport businesses, agrochemical industries, cable industries, railway and electronic industries. The company also controls an all-weather jetty, working around the Gulf of Khambhat. The company was incorporated in 1958 and it is headquartered in Mumbai.
About Company Information:
In the year 1965, the company began to manufacture aluminium. The preliminary capacity was 2000 MTPA; along with that, the company also produced Alumina at Uttar Pradesh with the preliminary capacity of 4000 MTPA in the factory. In 1965, the company started downstream the capacities in extrusion and rolling Mills at Uttar Pradesh.
During the year of 1968 to 1998, Hindalco Industries Limited started a power plant in Renusagar. In 1994, the company expanded its business, renovated and modernized the areas of work. In 1998, the company commenced its foil plant at Silvassa. In the same year, it gained the certification of ISO 14001 EMS from the Indian government that improved their brand value and recognition.
In 1999, the company started to manufacture wheels that were made of aluminium alloys. The capacity of production of metals was increased at Renukoot, which had a direct impact on their annual revenue. In 2000, the company started to control the stake of Aluminum Company Ltd. The company held equity of 74.6 per cent.
During the year of 2001-2002, The Hindalco Industries Limited entered into the ‘top 25 list’ of the annual report of CFO Asia Survey. In 2002, the ninth potline was specially made by the company, against a cost of Rs.1800 crores. In the same year, the company commissioned a powerhouse of non-ferrous metals. In the same year, collaboration took place between the company and Birla copper, expanding the business and increasing profitability.
In 2003, Hindalco Industries Limited had gone for an agreement, with the ABML bought Nifty Copper Mine. In the same year, Mt Gordon copper mines were also acquired by ABML. The company dispossessed 8.6% of its holding in the IGPL. The brownfield extension of the aluminium smelter was also made by the company at Renukoot.
During 2004 to 2005, the expansion of 250,000 TPA copper smelter was achieved. In 2005, the company merged with the Indal, for the foil plant at Kollu in Andhra Pradesh. In the same year, the company began its III expansion, which had expanded the capacity to 500,000 TPA. In the same year, an MoU had been signed between the company and the state government of Jharkhand and Odisha, for developing Greenfield alumina and many power plants in those states.
In October 2009, a solely-owned subsidiary was inaugurated by the company, namely Mauda Energy Ltd. The expansion of Hirakud smelter took place during 2010-11, from 155 KTPA to 161 KTPA. Indal Exports Ltd had been dissolved by the company in March 2011. In the same year, a debt of US$4 billion had been refinanced by the company, for financing in the Novelis, to enhance its growth.
In 2017, Hindalco Industries Limited dispossessed Australia-based Aditya Birla Minerals Limited, for the amount of Rs.367 crores. In the same year, the company improved its coal securities to 60 per cent annually. In this year, the company’s two of the acquired coal mines reached their highest capacity. The company started its business operations at mines of Kathautia, this year too.
How Hindalco Industries Ltd, is categorized as Metal- Non Ferrous Sector and Aluminium Industry:
The Metal Sector includes industries which are primarily involved with metalworking and metallurgy. It has areas that are dedicated to locating and extracting the metal and mineral reserves around the world. The sector has a notable number of companies established around the world and runs with significant revenues.
The metal industries' primary work is to extract metals. i.e. at first, the metals are extracted from the metal-ores found in their purely natural state buried within the earth are used to extract the metals. These metals are used to manufacture machines or parts of machines. Also, these industries have the process of manufacturing alloys by mixing two or more metallic elements. For instance, Steel is one of the most popular alloys of iron and carbon and a less amount of other metals.Hindalco Industries Ltd, is categorized as Aluminium Industry, as the company mainly focuses on manufacturing products involving aluminium.
Hindalco Industries Ltd, Competitors and Sector Peers:
Hindalco Industries Ltd. HINDAI
Globus Corporation Ltd. KARCAB
Maan Aluminium Ltd. MANALU
Manaksia Aluminium Company Ltd. MANAAL
MMP Industries Ltd. MMPIND
National Aluminium Company Ltd. NATALU