Hindalco Industries

By: EconomyWatch   Date: 17 July 2010

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Hindalco Industries is metal products manufacturing arm of Aditya Birla Group. It is ranked in 1205th position in 2008 Forbes Global 2000 list. It is a leader in copper and aluminium products.
Hindalco Industries has a consolidated turnover of more than US$ 14 billion. It is regarded as hugest aluminium rolling company of world and a major producer of primary aluminium in Asia. Copper smelter of Hindalco Industries is biggest custom smelter of a particular location anywhere in world.

Brief history
Hindalco Industries was incorporated in 1958. In 1962, Hindalco Industries had licensed an aluminium facility at Renukoot in eastern parts of Uttar Pradesh. This company increased its strength through mergers and acquisitions with Birla Copper and Indal. It has also entered into merger and acquisition deals with Mount Gordon and Nifty copper mines in Australia.

Products and services
Hindalco Industries has a number of products to offer in categories like alumina chemicals, aluminium foil and packaging, primary aluminium, aluminium alloy wheels, aluminium extrusions, copper products, aluminium rolled products and DAP/NPK complexes.

In alumina chemicals section Hindalco Industries produces aluminas and hydrates. In primary aluminum section its main offerings are ingots, billets and wire rods. In aluminium extrusions section major products are rods, channels, flats, round tubes, squares, rectangular tubes, equal leg angles and square tubes.

In aluminium rolled products section main offerings of Hindalco Industries are building sheets, foil stock, cablewrap stock, hot rolled plates, circles, lampcap stock, closure stock, litho stock, cold rolled coils, pattern sheets, cold rolled sheets, PCB entry sheets and coils, finstock, spiral finstock and flooring sheets and tread plates. There are other products in this section as well.

Financials
In 2007, sales of Hindalco Industries amounted to $4.41 billion and it earned profits worth $0.62 billion. Assets held by Hindalco Industries were worth $6.43 billion and its market value was nearly $6.22 billion.

Awards and recognition
In 2007, Hindalco Industries was conferred CII-Sorabji Green Business Centre “National Award for Excellence in Water Management 2007”. In same year it also won “D.L. Shah National Award for Economics of Quality”. This award was conferred by Quality Council of India.



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