History

Business Segments

• Aluminium:Hindalco stands as a prominent player in the aluminium sector, involved in the production of hydrate and alumina, as well as aluminium and its associated products. The organization is distinguished by an extensive presence along the entire value chain, engaging in bauxite mining, alumina refining, coal mining, captive power generation, aluminium smelting, and downstream processes, including rolling, extrusions, and foil production.

• Copper:Hindalco's copper division specialises in the manufacture and distribution of continuous cast copper rods, copper cathodes, precious metals, sulfuric acid, di-ammonium phosphate (DAP), silver, and gold. Notably, Hindalco caters to a substantial portion of India's copper requirements, earning its reputation as the preferred copper supplier in the nation.
• Chemicals:Within its chemicals segment, Hindalco produces an array of chemical products, including caustic soda, chlorine, and phosphoric acid, contributing to various industrial applications and sectors.

• Novelis:In 2007, Hindalco successfully gained complete control of Novelis, a global heavyweight in aluminium rolling and recycling. This thriving entity administers across 10 different countries and is distinguished by a workforce of approximately 11,000 dedicated professionals.

• Hirakud Power:Another subsidiary of Hindalco, Hirakud Power, is responsible for the operation of a robust 467.5 MW captive power plant located in Hirakud, Odisha.

• Utkal Alumina:Utkal Alumina manages a substantial 1.5 MTPA alumina refinery strategically positioned in Odisha.

Key Personnel

1. Satish Pai, Managing Director

Management Outlook

• Anticipated global demand for refined copper is projected to experience a modest uptick of approximately 2% during the calendar year 2023. Notably, the copper market is poised to maintain equilibrium in the calendar year 2024, a deficit is anticipated to emerge in the subsequent year, 2025. To address this potential shortfall, Hindalco is strategically core prioritying on recycling initiatives and product substitutions as vital measures to help mitigate this impending gap.
• Global aluminium consumption is increasing, of special note in sectors like construction, automotive, packaging, and consumer goods. Utkal is a highly efficient alumina producer, boasting a 2.3 million metric ton capacity in FY2022-23 and a 350,000 metric ton capacity expansion project in progress.
• The promotion of weight reduction efforts in sectors such as commercial vehicles and personal transportation is driving a notable surge in the use of aluminium within the nation. This heightened emphasis on value-added products (VAP) will empower the organization to reduce its dependence on fluctuations in global aluminium prices.