Hindalco Industries From Wikipedia, the free encyclopedia

Hindalco Industries Ltd

Type Traded as

public company BSE: 500440 NSE: HINDALCO BSE SENSEX Constituent

Industry Founded

Metals 1958[1]

Headquarters Mumbai, Maharashtra, India Area served Key people Worldwide Kumar Mangalam Birla(Chairman) Products Aluminum and copper products

Revenue

816.04 billion (US$14 billion) (2012)

Net income

33.96 billion (US$580 million) (2012)

Total assets

225.34 billion (US$3.9 billion) (2012)

Employees Parent Website

19,341 (2011) Aditya Birla Group www.hindalco.com

Hindalco Industries Ltd. is an aluminium manufacturing company and is a subsidiary of the Aditya Birla Group.[2] Its headquarter is at Mumbai, Maharashtra, India.

Contents

1 Financial information 2 History 3 Novelis acquisition 4 Other acquisitions and takeovers 5 Forbes ranking 6 References

7 External links Financial information[edit] The company has annual sales of US$14 billion and employs 19,975 people and is listed on Forbes 2000. A metals powerhouse with a turnover of US$14 billion, Hindalco is one of the world's largest aluminium rolling companies and one of the biggest producers of primary aluminium in Asia.
[3]

History[edit] The Hindustan Aluminum Corporation Limited was established in 1958 by the Aditya Birla Group. In 1962 the company began production in Renukoot in Uttar Pradesh making 20 thousand metric tons per year of aluminium metal and 40 thousand metric tons per year of alumina. In 1989 the company was restructured and renamed Hindalco.[4] Novelis acquisition[edit] On 11 February 2007, the company entered into an agreement to acquire the Canadiancompany Novelis for US$6 billion, making the combined entity the world's largest rolled-aluminium producer.[5] At 2007 Novelis was the world's largest producer of rolled aluminium and a major recycler of aluminium cans.[4] On 15 May 2007, the acquisition was completed with

Novelis shareholders receiving $44.93 per outstanding share of common stock. Hindalco, through its wholly owned subsidiary AV Metals Inc., acquired 75,415,536 common shares of Novelis, representing 100 percent of the issued and outstanding common shares. Immediately after closing, AV Metals Inc. transferred the common shares of Novelis to its wholly owned subsidiary AV Aluminum Inc. When Hindalco made this bid in 2007 this became the largest Indian investment in North America and the second-largest overseas investment by an Indian company (behind Tata Steel Europe's purchase of Corus two weeks earlier) to this time.[4] The day after Hindalco announced the acquisition its stock fell by 13% resulting in a US$600 million drop in market capitalisation. Shareholders criticised the deal but K.M. Birla responded that he had offered a fair price for the company and stated, "When you are acquiring a world leader you will have to pay a premium."[4] Other acquisitions and takeovers[edit] In June 2000, acquisition of controlling stake in Indian Aluminium Company Limited (Indal) with 74.6 per cent equity holding.[6]

In July 2007, Hindalco announced it is acquiring the stake of Alcan Inc.'s in the Utkal Alumina Project located in Orissa. Forbes ranking[edit] Hindalco is listed on the 2011 Forbes Global 2000 at the position 643.
[7]

Hindalco recruit through an open examination

References[edit] 1. ^ "About us | Overview". Hindalco. 19 August 2009. Retrieved 2011-02-11. 2. ^ "Businesses | Aluminium | Rolled products". Hindalco. 16 November 2007. Retrieved 2010-09-28. 3. ^ "Hindalco to acquire Novelis for $6.0 Billion". Indiaprwire.com. Retrieved 2010-09-28.
4.

^ a b c d Kumar, Nirmalya (2009). India's Global Powerhouses.Harvard Business Press. pp. 107120. ISBN 978-14221-4762-7.

5.

^ "http://www.prnewswire.com/ future-for-rolled-aluminumproducts-industry". Norway: Prnewswire.com. Retrieved 2010-0928.

6.

^ "Indian Aluminium Company Ltd". Financialexpress.com. 19 January 2003. Retrieved 2010-09-28.

7.

^ "The Forbes 2000". Forbes.com. Retrieved April 2011

8.

Projects Committed to sustaining and further enhancing its already prominent standing in the aluminium industry, Hindalco continues to be involved in multiple projects to expand its current facilities and establish new ones. At Hindalco, we value quality, safety, and environmental consciousness and implement the same in all our projects. Site work on all the greenfield projects has gained momentum and are in various stages of progress.

Greenfield expansion projects include Mahan Aluminium Project in Madhya Pradesh; the Aditya Alumina and Aluminium Project and the Utkal Alumina Project, both in Orissa; and the Jharkhand Aluminium Project Hindalco's brownfield expansion projects include primary metal in Hirakud and alumina capacities in Belgaum and Muri.

Here are links to information on our different projects:

Greenfield projects Brownfield projects

Greenfield Project
At Hindalco, we value quality, safety, and environmental consciousness and implement the same in all our projects. Site work on all the greenfield projects has gained momentum and are in various stages of progress. Corporate Projects and Procurement Cell, Mumbai The Corporate Projects and Procurement Cell is the central and nodal cell for the evaluation, monitoring, control and implementation of all greenfield expansion projects and for procurement of major raw materials for all units of Hindalco. Head: Mr. B.B Jha Greenfield expansion projects include: Madhya Pradesh: Mahan Aluminium Project Mahan aluminium smelter, a world class smelter, is under commissioning and trial production has started. This project includes a smelter-power plant complex, comprising a 359 ktpa aluminium smelter and a 900 MW captive thermal power plant. The project has access to the Mahan coal block through a joint venture with Essar Power. Hindalco holds a share of about 3.6 million mtpa in the coal block. Mahan coal block has received stage 1 clearance from MOEF and is expected to gear up for coal production this fiscal year after obtaining stage 2 Click for larger view clearance. Project head: Mr. Ratan Somani Orissa: Aditya Alumina and Aluminium Project

This integrated greenfield aluminium complex includes a 4.2 million tpa bauxite mine, 1.5 million tpa alumina refinery at Kansariguda and a 359 ktpa smelter at Lapanga. Aditya smelter, which is similar to Mahan smelter, is progressing well and is expected to be commissioned in the second half

Click for larger view of 2013. The project is backed with 900 MW captive thermal power plant and has access to captive coal from Talabira-2 coal block a JV between Mahanadi Coalfields and Neyveli Lignite Corporation.

Project head: Mr. Bibhu Prasad Mishra

Orissa: Utkal Alumina Project The construction of 1.5 Mn tonnes world-class refinery with captive bauxite resources of 200 Mn tonnes is over and the project is under commissioning. The output from UAIL would be sufficient to feed alumina to the Mahan and the Aditya Smelters.

Project head: Mr. Rajesh Jha Click for larger view

Jharkhand: Jharkhand Aluminium Project This project, comprising a smelter-power plant complex, has a capacity of 359 ktpa and is powered by a 900 MW captive thermal power plant. To contact projects, Click for larger view

Brownfield Project
Committed to sustaining and further enhancing its already prominent standing in the aluminium industry, Hindalco continues to be involved in multiple projects to expand its current facilities and establish new ones. Corporate Projects and Procurement Cell, Mumbai The Corporate Projects and Procurement Cell is the central and nodal cell for the

evaluation, monitoring, control and implementation of all brownfield expansion projects and for procurement of major raw materials for all units of Hindalco. Head: B.B.Jha Brownfield expansion projects include: Primary metal: Hirakud At Hirakud, smelter production was ramped up in phases between 2002 and 2009 from 30 ktpa to 155 ktpa and the power plant was ramped up from 60 MW to 367.5 MW. Smelter expansion from 155 ktpa to 213 ktpa and power plant expansion from 367.5 MW to 467 MW is over, and stage-wise commissioning has started. Business head: Mr. R.S. Dhulkhed Alumina capacity: Belgaum Conversion from standard alumina to special alumina is being taken up. On completion this project will catapult Hindalco to the position of the second-highest producer of specials in the world. The specials alumina production from Belgaum will be ramped up to 316 ktpa from 138 ktpa. A cogen power plant (steam and power production), railway facility etc. are also being taken up as a part of the project to substantially reduce the production costs. Business head: Mr. Sanjay Sehgal Alumina capacity: Muri The expansion of the Muri alumina refinery from 110 ktpa to 450 ktpa, and the cogen plant expansion from 9 MW to 30 MW was completed in 2008 and stabilisation and production ramp up is in progress. The expansion at Muri has resulted in alumina production going up by over 100 per cent at Muri.

To contact projects,