{{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 | image = | logo = Hindalco Logo.svg | logo_size = 250px | type = Public | traded_as = {{BSE|500440}}<br/>{{NSE|HINDALCO}}<br/>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 = {{ISIN|sl=n|pl=y|INE038A01020}} | industry = Metals | products = Aluminium and copper products | area_served = Worldwide | revenue = {{Increase}} {{INRConvert|238496|c}} (FY2025)<ref name=PLFY201213>{{cite web|url=https://www.bseindia.com/xml-data/corpfiling/AttachLive/fa1f5a35-7b5b-4a47-a5dc-81f8e5890b9d.pdf|title=Hindalco Industries Ltd. Financial Statements|website=www.bseindia.com}}{{Dead link|date=January 2026 |bot=InternetArchiveBot }}</ref> | operating_income = {{Increase}} {{INRConvert|35496|c}} (FY2025)<ref>{{cite web|url=https://www.bseindia.com/xml-data/corpfiling/AttachLive/fa1f5a35-7b5b-4a47-a5dc-81f8e5890b9d.pdf|title=Hindalco Q4FY25 results}}{{Dead link|date=January 2026 |bot=InternetArchiveBot }}</ref> | net_income = {{Increase}} {{INRConvert|16002|c}} (FY2025)<ref name=PLFY201213/> | assets = {{increase}} {{INRConvert|265991|c}} (FY2025)<ref name=PLFY201213/> | equity = {{increase}} {{INRConvert|123721|c}} (FY2025)<ref name=PLFY201213/> | num_employees = ~71,200+(Including 57,669 of India Operations) (2024) <ref name=AR201223>{{cite web |url=https://www.bseindia.com/xml-data/corpfiling/AttachLive/68b00b65-86a1-441e-987e-6365d1177a58.pdf |title=Annual Report 2023-24 |access-date=30 July 2024 |archive-date=30 July 2024 |archive-url=https://web.archive.org/web/20240730115943/https://www.bseindia.com/xml-data/corpfiling/AttachLive/68b00b65-86a1-441e-987e-6365d1177a58.pdf |url-status=dead }}</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 |archive-date=23 October 2010 |archive-url=https://web.archive.org/web/20101023042038/http://hindalco.com/businesses/rolled_products.htm |url-status=dead }}</ref> Its headquarters are at Mumbai, Maharashtra, India.
The company is listed in the Forbes Global 2000 (2023) at 661st 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 November 2023 was US$15.6 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>
==History== The Hindustan Aluminium 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 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>
On 20 February 2026, Hindalco Industries signed an MoU with Brazilian aerospace major Embraer, to explore and assess potential sources for aerospace-grade aluminium manufacturing in India.<ref>{{Cite web |last=Philip |first=Snehesh Alex |date=2026-02-20 |title=Embraer moves full throttle in pursuit of IAF contract, ties up with Hindalco after Adani |url=https://theprint.in/defence/embraer-moves-full-throttle-in-pursuit-of-iaf-contract-ties-up-with-hindalco-after-adani/2859463/ |access-date=2026-02-22 |website=ThePrint |language=en-US}}</ref><ref>{{Cite web |last= |date=2026-02-20 |title=Embraer, Hindalco ink pact to assess aerospace-grade aluminium production in India |url=https://infra.economictimes.indiatimes.com/news/aviation/embraer-and-hindalco-partner-to-advance-aerospace-grade-aluminium-production-in-india/128602091 |access-date=2026-02-22 |website=ETInfra.com |language=en}}</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=Operations | Power | Hindalco.com |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>{{BSN|reason=The current source is insufficiently reliable (WP:NOTRS).|date=April 2023}} * 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"/>{{BSN|reason=The current source is insufficiently reliable (WP:NOTRS).|date=April 2023}} *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"/>{{BSN|reason=The current source is insufficiently reliable (WP:NOTRS).|date=April 2023}} * 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.{{Cn|date=April 2023}} * Mahan Hindalco Industries Ltd. a 900 MW captive power plant and alumina smelter located in Bargawa 20 km from Singrauli.{{Cn|date=April 2023}}
== Novelis == On 11 February 2007, the company entered into an agreement to acquire the American 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>{{BSN|reason=Looks like generated from a press release?|date=April 2023}} 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.
Novelis operates as an independent subsidiary with its own leadership team and remains headquartered in Atlanta, Georgia. It is incorporated in Delaware.
Hindalco, through its wholly owned subsidiary AV Metals Inc., acquired 75,415,536 common shares of Novelis, representing 100 per cent 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, 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.<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>
On 6 February 2024, Hindalco announced it is acquiring 26% stake in Ayana Renewable Power Four (ARPFPL) for a value of Rs 1.62 crore. Hindalco will operate a captive power generation plant for supplying 100 MW Renewable energy to Hindalcos smelter in Odisha.<ref> {{Cite news|last=Grover|first=Chitrika|url=https://www.saurenergy.com/solar-energy-news/hindalco-inds-contracts-for-renewable-energy-from-100-mw-ayana-renewable-project|title=Hindalco Inds Contracts For Renewable Energy From 100 MW Ayana Renewable Project|date=2024-02-06|publisher=Saur Energy International|access-date=2024-02-06}}</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 |archive-date=1 December 2015 |archive-url=https://web.archive.org/web/20151201094728/http://www.bseindia.com/indices/IndicesWatch_Weight.aspx?iname=BSE30&index_Code=16 |url-status=dead }}</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>
== 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://www.google.com/finance/quote/HINDALCO:NSE Google Finance] [https://www.bloombergquint.com/stock/557714/hindalco-industries-ltd BloombergQuint] {{Webarchive|url=https://web.archive.org/web/20211016050348/https://www.bloombergquint.com/stock/557714/hindalco-industries-ltd |date=16 October 2021 }}
{{Aditya Birla Group}} {{Mirzapur Division topics}} {{Nifty 200 companies}} {{BSE Sensex}} {{S&P CNX Nifty companies}} {{DJSI World}} {{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