Hindalco Industries

2022-06-20T06:39:35Z

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{{Short description|Indian multinational aluminium manufacturing company}}
{{Use British English|date=March 2013}}
{{Use dmy dates|date=March 2022}}
{{Infobox company
| name = Hindalco Industries Limited
| logo = File:Hindalco Logo.svg
| logo_size = 250px
| type = [[Public company|Public]]
| traded_as = {{BSE|500440}}<br/>{{NSE|HINDALCO}}<br/>[[NIFTY 50|NSE NIFTY 50 Constituent]]
| foundation = {{start date and age|1958}}<ref>{{cite web|url=http://www.hindalco.com/about_us/overview.htm |title=About us | Overview |publisher=Hindalco |date=19 August 2009 |access-date=2011-02-11}}</ref>
| location = [[Mumbai]], Maharashtra [[India]]
| key_people = {{ubl|[[Kumar Mangalam Birla]] (Chairman)|Satish Pai (Managing Director)}}
| ISIN = INE038A01020
| industry = [[Non-ferrous metal|Metals]]
| products = Aluminium and copper products
| area_served = Worldwide
| revenue = {{increase}} {{INRConvert|196195|c}} (2022)<ref name=PLFY201213>{{cite web|url=https://www.moneycontrol.com/india/stockpricequote/aluminium/hindalcoindustries/HI|title=Hindalco Industries Ltd. Financial Statements |website=moneycontrol.com}}</ref>
| operating_income = {{increase}} {{INRConvert|19568|c}} (2022)<ref name=PLFY201213/>
| net_income = {{increase}} {{INRConvert|13724|c}} (2022)<ref name=PLFY201213/>
| assets = {{increase}} {{INRConvert|223062|c}} (2022)<ref name=PLFY201213/>
| equity = {{increase}} {{INRConvert|78191|c}} (2022)<ref name=PLFY201213/>
| num_employees = 40,000 (2020)<ref name=AR201213>{{cite web |url=http://www.hindalco.com/investors/downloads/Hindalco_Annual_Report_2012-13.pdf |title=Annual Report 2012–13 |access-date=29 December 2013}}</ref>
| parent = [[Aditya Birla Group]]
| subsid = [[Novelis]] <br/> [[Aleris]]
| homepage = {{URL|http://www.hindalco.com/}}
| footnotes =
}}
'''Hindalco Industries Limited''' an Indian [[aluminium]] and [[copper]] manufacturing company, is a subsidiary of the [[Aditya Birla Group]].<ref>{{cite web|url=http://www.hindalco.com/businesses/rolled_products.htm |title=Businesses | Aluminium | Rolled products |publisher=Hindalco |date=16 November 2007 |access-date=2010-09-28}}</ref> Its headquarters are at [[Mumbai, Maharashtra]], India.

The company has annual sales of {{USD}}15 billion and employs around 20,000 people.<ref name=AR201213/> It is listed in the [[Forbes Global 2000]] at 895th rank.<ref>{{cite web |url=https://www.forbes.com/companies/hindalco-industries/ |title=Hindalco Industries |work=Forbes |date=May 2013 |access-date=28 December 2013}}</ref> Its market capitalisation by the end of May 2013 was US$3.4 billion.<ref>{{cite web |url=https://www.forbes.com/global2000/list/#page:1_sort:0_direction:asc_search:_filter:All%20industries_filter:India_filter:All%20states |title=The World's Biggest Public Companies |work=Forbes |date=May 2013 |access-date=28 December 2013}}</ref> Hindalco is one of the world's largest aluminium rolling companies and one of the biggest producers of primary aluminium in Asia.<ref>{{cite web |url=http://www.indiaprwire.com/pressrelease/mining-metals/200702121877.htm |title=Hindalco to acquire Novelis for $6.0 Billion |publisher=Indiaprwire.com |access-date=2010-09-28 |archive-url=https://web.archive.org/web/20131230234211/http://www.indiaprwire.com/pressrelease/mining-metals/200702121877.htm |archive-date=30 December 2013 |url-status=dead }}</ref>

==History==
The Hindustan Aluminium Corporation Limited was established in 1958 by the [[Aditya Vikram Birla|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.<ref name="powerhouses">{{cite book |title=[[India's Global Powerhouses]] |last=Kumar |first=Nirmalya |author-link=Nirmalya Kumar |year=2009 |publisher=[[Harvard Business Press]] |isbn=978-1-4221-4762-7 |pages=107–120 }}</ref> [[Ramdev Singh]] was the first trade union leader of Hindalco Industries Limited, Renukoot. <ref>{{cite web | url=https://www.timesnowhindi.com/india/article/labor-day-2022-babu-ramdev-singh-was-an-example-of-struggle/403835 | title=Labour Day 2022: संघर्ष की मिसाल थे मजदूर नेता बाबू रामदेव सिंह, मजदूर दिवस पर जानिए उनकी प्रेरणाप्रद कहानी | date=May 2022 }}</ref>

==Operations==

===Power plants===
* [[Renusagar Power Plant]]. An 826.57 MW (10 generating units of various capacities) captive power plant which is about 40 km from [[Renukoot]], [[Sonebhadra district]], [[Uttar Pradesh]].<ref name="hindalco.com">{{Cite web |url=http://www.hindalco.com/power |title=Archived copy |access-date=26 March 2014 |archive-url=https://web.archive.org/web/20140326154154/http://www.hindalco.com/power |archive-date=26 March 2014 |url-status=dead }}</ref>
* [[Hirakud Captive Power Plant]]. A 467.5 MW captive power plant located at [[Hirakud]], [[Sambalpur District]], [[Odisha]]. This plant supplies power to Hirakud smelter of Hindalco Industries.<ref name="hindalco.com"/>
*Utkal Alumina Captive Power Plant. A 90 MW captive power plant located at Doraguda, [[Rayagada District]], [[Odisha]]. This plant supplies power to Utkal Refinery of Hindalco Industries.<ref name="hindalco.com"/>
* [[Aditya Captive Power Plant]]. A 900 MW captive power plant located at [[Lapanga]], [[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 [[Canada|Canadian]] company [[Novelis]] for {{USD}}6 billion, making the combined entity the world's largest rolled-aluminium producer.<ref>{{cite news |title=Aleris acquisition makes Hindalco world's largest aluminium products firm |url=https://auto.economictimes.indiatimes.com/news/auto-components/aleris-acquisition-makes-hindalco-worlds-largest-aluminium-products-firm/75150712 |publisher=The Economic Times |date=April 15, 2020}}</ref> At 2007 Novelis was the world's largest producer of rolled aluminium and a major recycler of aluminium cans.<ref name="powerhouses"/> 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.<ref name="powerhouses"/>

The day after Hindalco announced the acquisition its stock fell by 13% resulting in a {{USD}}600 million drop in market capitalisation. Shareholders criticised the deal but [[Kumar Mangalam 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."<ref name="powerhouses"/>

==Other acquisitions==
In June 2000, acquisition of controlling stake in Indian Aluminium Company Limited (Indal) with 74.6 per cent equity holding.<ref>{{cite web|url=http://www.financialexpress.com/news/indian-aluminium-company-ltd/69954/ |title=Indian Aluminium Company Ltd |publisher=Financialexpress.com |date=19 January 2003 |access-date=2010-09-28}}</ref>

In July 2007, Hindalco announced it is acquiring the stake of [[Alcan]] Inc. in the Utkal Alumina Project located in Doraguda, [[Odisha]].

On 15 April 2020, Hindalco Industries acquired US-based Aluminium rolled products manufacturer [[Aleris|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.<ref>{{Cite news|last=Pandey|first=Piyush|url=https://www.thehindu.com/business/hindalco-seals-28-billion-aleris-deal/article31341689.ece|title=Hindalco seals $2.8 billion Aleris deal|date=2020-04-14|work=The Hindu|access-date=2020-04-14|language=en-IN|issn=0971-751X}}</ref>

==Listings and shareholding==
The equity shares of Hindalco are listed on the [[Bombay Stock Exchange]],<ref>{{cite web |url=http://www.bseindia.com/stock-share-price/hindalco-industries-ltd/hindalco-inds/500440/ |title=Stock Share Price Hindalco Industries Ltd.|publisher=BSEindia.com |access-date=28 December 2013}}</ref> where it is a constituent of the [[BSE SENSEX]] index,<ref>{{cite web |url=http://www.bseindia.com/indices/IndicesWatch_Weight.aspx?iname=BSE30&index_Code=16 |title=Scripwise Weightages in S&P BSE SENSEX |publisher=BSE India |access-date=28 December 2013}}</ref> and the [[National Stock Exchange of India]],<ref>{{cite web |url=https://www.nseindia.com/get-quotes/equity?symbol=HINDALCO |title=Hindalco Industries Limited |publisher=NSE India |access-date=28 December 2013}}</ref> where it is a constituent of the [[S&P CNX Nifty]].<ref>{{cite web |url=http://www.nseindia.com/content/indices/ind_niftylist.csv |title=Download List of CNX Nifty stocks (.csv) |publisher=NSE India |access-date=12 October 2013}}</ref> Its Global depository receipts are listed on the [[Luxembourg Stock Exchange]].

As on 31 March 2022, the promoters [[Aditya Birla Group]] held around 34.64% equity shares in Hindalco. Over 408,000 individual shareholders hold approx. 9% of its shares.<ref name=Shareholding>{{cite web |url=http://www.hindalco.com/upload/pdf/shareholding-pattern-september-2021.pdf}}</ref>

== Financials ==
Hindalco Industries reported {{INR}}43,351 crores as its total revenue, while its profit was {{INR}}993 crores in the financial year 2021.<ref>{{cite web |title=Hindalco Industries Ltd. |url=https://www.moneycontrol.com/financials/hindalcoindustries/profit-lossVI/HI |website=[[Moneycontrol.com]] |date=1 April 2022}}</ref>
== See also ==
{{Portal|Companies}}
* [[Grasim Industries]]
* [[ Hindustan Copper]]
==References==
{{Reflist}}

==External links==
* {{Official website}}
* Business data for Hindalco Industries: [https://www.reuters.com/finance/stocks/overview/HALC.NS Reuters] [https://finance.google.com/finance?q=hindalco Google Finance] [https://www.bloombergquint.com/stock/557714/hindalco-industries-ltd BloombergQuint]

{{Aditya Birla Group}}
{{Mirzapur Division topics}}
{{Nifty 200 companies}}
{{BSE Sensex}}
{{S&P CNX Nifty companies}}
{{Major mining companies}}
{{Authority control}}
[[Category:Manufacturing companies based in Mumbai]]
[[Category:Mining companies of India]]
[[Category:Copper mining companies of India]]
[[Category:Aditya Birla Group]]
[[Category:NIFTY 50]]
[[Category:Aluminium companies of India]]
[[Category:Manufacturing companies established in 1958]]
[[Category:Multinational companies headquartered in India]]
[[Category:Indian companies established in 1958]]
[[Category:Indian brands]]
[[Category:Manufacturing plants in Uttar Pradesh]]
[[Category:Hindalco Industries]]
[[Category:1958 establishments in Bombay State]]
[[Category:Companies listed on the National Stock Exchange of India]]
[[Category:Companies listed on the Bombay Stock Exchange]]

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Hindalco Industries