Hindalco Industries Limited an Indian
aluminium
Aluminium (aluminum in American and Canadian English) is a chemical element with the symbol Al and atomic number 13. Aluminium has a density lower than those of other common metals, at approximately one third that of steel. I ...
and
copper
Copper is a chemical element with the symbol Cu (from la, cuprum) and atomic number 29. It is a soft, malleable, and ductile metal with very high thermal and electrical conductivity. A freshly exposed surface of pure copper has a pinkis ...
manufacturing company, is a subsidiary of the
Aditya Birla Group
Aditya Birla Group is an Indian multinational conglomerate, headquartered in Mumbai. It operates in 100 countries with more than 1,40,000 employees directly and indirectly. The group was founded by Seth Shiv Narayan Birla in 1857. The group ha ...
. Its headquarters are at
Mumbai, Maharashtra
Mumbai (, ; also known as Bombay — List of renamed Indian cities and states#Maharashtra, the official name until 1995) is the capital city of the Indian States and union territories of India, state of Maharashtra and the ''de facto'' fin ...
, India.
The company has annual sales of 25 billion and employs around 20,000 people.
[ It is listed in the ]Forbes Global 2000
The ''Forbes'' Global 2000 is an annual ranking of the top 2000 public companies in the world, published by ''Forbes'' magazine. "The Global 2000" annual ranking is assembled by ''Forbes'' using a weighted assessment of four metrics: sales, profi ...
at 895th rank. Its market capitalisation by the end of May 2013 was US$3.4 billion. Hindalco is one of the world's largest aluminium rolling companies and one of the biggest producers of primary aluminium in Asia.
History
The Hindustan Aluminium Corporation Limited was established in 1958 by the Aditya Birla
Aditya Vikram Birla (14 November 1943 – 1 October 1995) was an Indian industrialist. Born into one of the largest business families of India, he oversaw the diversification of his group into textiles, petrochemicals and telecommunications. ...
Group. In 1962 the company began production in Renukoot
Renukoot is a city and a nagar panchayat in Sonbhadra district in the Indian state of Uttar Pradesh. Renukoot is 68 km south from the district headquarters Robertsgan
Renukoot is an industrial town. It is well known for the Hindalco alumi ...
in Uttar Pradesh
Uttar Pradesh (; , 'Northern Province') is a state in northern India. With over 200 million inhabitants, it is the most populated state in India as well as the most populous country subdivision in the world. It was established in 1950 ...
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. Ramdev Singh
Ramdev Singh (8 October 1935 – 14 April 2022) was the first trade union leader (''mazdoor neta'') of Hindalco Industries Limited, Renukoot of Aditya Birla Group. He was popular among workers of Hindalco and other factories of Sonbhadra and ...
was the first trade union leader of Hindalco Industries Limited, Renukoot.
Operations
Power plants
* Renusagar Power Plant
Renusagar Power Plant is a coal based captive thermal power plant located near Renukoot in Sonbhadra district in the Indian state of Uttar Pradesh. The power plant is operated by the Hindalco Industries
Hindalco Industries Limited an Indian al ...
. An 826.57 MW (10 generating units of various capacities) captive power plant which is about 40 km from Renukoot
Renukoot is a city and a nagar panchayat in Sonbhadra district in the Indian state of Uttar Pradesh. Renukoot is 68 km south from the district headquarters Robertsgan
Renukoot is an industrial town. It is well known for the Hindalco alumi ...
, Sonebhadra district
Sonbhadra or ''Sonebhadra'' is the second largest district by area of Uttar Pradesh after Lakhimpur Kheri. It is the only district in India which borders four states, namely Madhya Pradesh to the west, Chhattishgarh to the south, Jharkhand in t ...
, Uttar Pradesh
Uttar Pradesh (; , 'Northern Province') is a state in northern India. With over 200 million inhabitants, it is the most populated state in India as well as the most populous country subdivision in the world. It was established in 1950 ...
.
* Hirakud Captive Power Plant Hirakud Power Plant is a coal based captive thermal power plant located near Hirakud in Sambalpur district in the Indian state of Odisha. The power plant began commercial production in April 2013, is operated by the Hindalco Industries
Hinda ...
. A 467.5 MW captive power plant located at Hirakud
Hirakud is a small township located in Sambalpur in Odisha. It was a Notified Area Council ( NAC) which was later included along with Burla in Sambalpur city to become a Municipal Corporation. This city is a hub of HINDALCO, an Indian alumini ...
, Sambalpur District, Odisha
Odisha (English: , ), formerly Orissa ( the official name until 2011), is an Indian state located in Eastern India. It is the 8th largest state by area, and the 11th largest by population. The state has the third largest population of ...
. This plant supplies power to Hirakud smelter of Hindalco Industries.
*Utkal Alumina Captive Power Plant. A 90 MW captive power plant located at Doraguda, Rayagada District
Rayagada district is a district in southern Odisha, a state in India, which became a separate district in October 1992. Its population consists mainly of tribes, primarily the Khonds and the Soras. In addition to Odia, Kui and Sora are s ...
, Odisha
Odisha (English: , ), formerly Orissa ( the official name until 2011), is an Indian state located in Eastern India. It is the 8th largest state by area, and the 11th largest by population. The state has the third largest population of ...
. This plant supplies power to Utkal Refinery of Hindalco Industries.
* Aditya Captive Power Plant
Aditya Captive Power Plant is a captive 900 megawatt power project located at Lapanga, Sambalpur District Odisha which is part of Hindalco's Smelter_power project in Odisha. It has captive coal from Talabira-2 coal block a JV between Mahanadi Coa ...
. A 900 MW captive power plant located at Lapanga
Lapanga is a census town in Sambalpur district in the Indian state of Odisha.
Demographics
India census
A census is the procedure of systematically acquiring, recording and calculating information about the members of a given population. ...
, Sambalpur District, Odisha. This plant supplies power to Aditya smelter of Hindalco Industries.
* Mahan Hindalco Industries Ltd. a 900 MW captive power plant and alumina smelter located in Bargawa 20 km from Singrauli.
Novelis
On 11 February 2007, the company entered into an agreement to acquire the American
American(s) may refer to:
* American, something of, from, or related to the United States of America, commonly known as the "United States" or "America"
** Americans, citizens and nationals of the United States of America
** American ancestry, pe ...
company Novelis
Novelis Inc. is an American industrial aluminum company, headquartered in Atlanta, Georgia, United States. It is an independent subsidiary of multinational aluminium and copper manufacturing company Hindalco Industries. Novelis is a producer of ro ...
for 6 billion, making the combined entity the world's largest rolled-aluminium producer. At 2007 Novelis was the world's largest producer of rolled aluminium and a major recycler of aluminium cans. On 15 May 2007, the acquisition was completed with Novelis shareholders receiving $44.93 per outstanding share of common stock.
Novelis operates as an independent subsidiary with its own leadership team and remains headquartered in Atlanta
Atlanta ( ) is the capital and most populous city of the U.S. state of Georgia. It is the seat of Fulton County, the most populous county in Georgia, but its territory falls in both Fulton and DeKalb counties. With a population of 498,715 ...
, Georgia
Georgia most commonly refers to:
* Georgia (country), a country in the Caucasus region of Eurasia
* Georgia (U.S. state), a state in the Southeast United States
Georgia may also refer to:
Places
Historical states and entities
* Related to the ...
. It is incorporated in Delaware
Delaware ( ) is a state in the Mid-Atlantic region of the United States, bordering Maryland to its south and west; Pennsylvania to its north; and New Jersey and the Atlantic Ocean to its east. The state takes its name from the adjacent Del ...
.
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
Tata Steel Europe Ltd. (formerly Corus Group plc) was a steelmaking company headquartered in London, England, with its main operations in the United Kingdom and the Netherlands. The company was created in 2007, when Tata Group took over the ...
's purchase of Corus two weeks earlier) to this time.
The day after Hindalco announced the acquisition its stock fell by 13% resulting in a 600 million drop in market capitalisation. Shareholders criticised the deal but Kumar Mangalam Birla
Kumar Mangalam Birla (born 14 June 1967) is an Indian billionaire industrialist, philanthropist, Chartered Accountant and the chairman of the Aditya Birla Group, one of the largest global conglomerates in India. He is also the chancellor of t ...
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."
Other acquisitions
In June 2000, acquisition of controlling stake in Indian Aluminium Company Limited (Indal) with 74.6 per cent equity holding.
In July 2007, Hindalco announced it is acquiring the stake of Alcan
Alcan was a Canadian mining company and aluminum manufacturer. It was founded in 1902 as the Northern Aluminum Company, renamed Aluminum Company of Canada in 1925, and Alcan Aluminum in 1966. It took the name Alcan Incorporated in 2001. During t ...
Inc. in the Utkal Alumina Project located in Doraguda, Odisha
Odisha (English: , ), formerly Orissa ( the official name until 2011), is an Indian state located in Eastern India. It is the 8th largest state by area, and the 11th largest by population. The state has the third largest population of ...
.
On 15 April 2020, Novelis acquired US-based Aluminium rolled products manufacturer Aleris Corporation. Hindalco's Novelis' entry into the high-end aerospace segment, this deal has been closed at an enterprise value of $2.8 billion.
Listings and shareholding
The equity shares of Hindalco are listed on the Bombay Stock Exchange
BSE Limited, also known as the Bombay Stock Exchange (BSE), is an Indian stock exchange. It is located on Dalal Street in Mumbai. Established in 1875 by cotton merchant Premchand Roychand, a Jain businessman, it is the oldest stock exchange in ...
, where it is a constituent of the BSE SENSEX
The BSE SENSEX (also known as the S&P Bombay Stock Exchange Sensitive Index or simply SENSEX) is a free-float market-weighted stock market index of 30 well-established and financially sound companies listed on the Bombay Stock Exchange. The 30 ...
index, and the National Stock Exchange of India
National Stock Exchange of India Limited (NSE) is the leading stock exchange under the ownership of various group of domestic and global financial institutions, public and privately owned entities and individuals. It is located in Mumbai, Mah ...
, where it is a constituent of the S&P CNX Nifty. Its Global depository receipts are listed on the Luxembourg Stock Exchange
The Luxembourg Stock Exchange, LuxSE (french: Bourse de Luxembourg) is based in Luxembourg City at 35A boulevard Joseph II.
The chairman of the board is Alain Kinsch and the chief executive officer is Julie Becker.
The exchange has pre-opening ...
.
As on 31 March 2022, the promoters Aditya Birla Group
Aditya Birla Group is an Indian multinational conglomerate, headquartered in Mumbai. It operates in 100 countries with more than 1,40,000 employees directly and indirectly. The group was founded by Seth Shiv Narayan Birla in 1857. The group ha ...
held around 34.64% equity shares in Hindalco. Over 408,000 individual shareholders hold approx. 9% of its shares.
Financials
Hindalco Industries reported 43,351 crores as its total revenue, while its profit was 993 crores in the financial year 2021.
See also
* Grasim Industries
Grasim Industries Limited is an Indian manufacturing company based in Mumbai. Since its inception in 1947 as a textile manufacturer, Grasim has diversified into textile raw materials like viscose staple fiber (VSF) and viscose filament yarn, c ...
* Hindustan Copper
References
External links
*
* Business data for Hindalco Industries
ReutersGoogle FinanceBloombergQuint
{{Authority control
Manufacturing companies based in Mumbai
Mining companies of India
Copper mining companies of India
Aditya Birla Group
NIFTY 50
Aluminium companies of India
Manufacturing companies established in 1958
Multinational companies headquartered in India
Indian companies established in 1958
Indian brands
Manufacturing plants in Uttar Pradesh
Hindalco Industries
1958 establishments in Bombay State
Companies listed on the National Stock Exchange of India
Companies listed on the Bombay Stock Exchange