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1. Company Profile
Hindalco Industries Ltd is one of the leading producers of aluminum and copper. The
company's aluminum units across the globe encompass the entire gamut of
operations, from bauxite mining, alumina refining and aluminum smelting to
downstream rolling, extrusions, foils, along with captive power plants and coal mines.
Their copper unit, Birla Copper, produces copper cathodes, continuous cast copper
rods and other by-products, such as gold, silver and DAP fertilizers. It is a company of
the Aditya Birla Group The company's units are ISO 9001:2000, ISO 14001:2004 and
OHSAS 18001 certified. Several units have gone a step further with an integrated
management system (IMS), combining ISO 9001, ISO 14001 and OHSAS 18001 into
one business excellence model. We have been accorded the Star Trading House
status in India. The company's aluminum metal is accepted for delivery under the High
Grade Aluminum Contract on the London Metal Exchange (LME). Their copper quality
standards are also internationally recognized and registered on the LME with Grade A
accreditation. Hindalco Industries Ltd was incorporated in the year 1958. In the year
1962, the company commenced production with an initial capacity of 20,000 mtpa of
aluminum metal and 40,000 mtpa of alumina at Renukoot (Uttar Pradesh). In the year
1965, they commissioned downstream capacities in Rolling and Extrusion Mills at
Renukoot. In the year 1968, the company commissioned Renusagar Power Plant. In
the year 1994, the company made a huge expansion, modernisation and
diversification programme in their working areas. In the year 1998, foil plant of the
company came to existence at Silvassa. Also, the company attained ISO 14001 EMS
certification during the year. In the year 1999, the company commenced aluminum
alloy wheels production at Silvassa. Also, they expanded the metal capacity at
Renukoot to 242,000 tpa. In the year 2000, the company acquired the controlling stake
in Indian Aluminum Company Ltd (Indal) with 74.6 per cent equity holding. The
company entered 'The Asia Top 25' list of the CFO Asia Annual Report Survey, the
only Indian company in 2001. In the year 2002, the company commissioned the ninth
potline at an outlay of Rs 1, 800 crore. They made a major corporate restructuring to
create a non-ferrous metals powerhouse. During the year, Indo Gulf Corporation Ltd's
copper business, Birla Copper, was amalgamated with the company with effect from
April 1, 2002. In the year 2003, the company through Aditya Birla Minerals Ltd (ABML)
acquired Nifty Copper Mine. Also, in November 2003, ABML acquired the Mt Gordon
copper mines. The company divested 8.6% holding in Indo Gulf Fertilizers Ltd. Also,
they made brownfield expansion of aluminum smelter at Renukoot to 345,000 tpa. In
the year 2004, the company expanded the copper smelter to 250,000 tpa. In the year
2005, all business of Indal, expect for the Kollu Foil plant in Andhra Pradesh, merged
with the company. They commissioned copper III expansion, taking total capacity to
500,000 tpa. Also, the company signed an MoU with state governments of Orissa and
Jharkhand for setting up Greenfield alumina, refining, smelting and power plants. In
the year 2006, the company made a joint venture with Almex USA for manufacture of
high strength aluminum alloys. The company singed an MoU with government of
Madhya Pradesh for a Greenfield aluminum smelter in Siddhi. In March 2006, the
company acquired an aluminum rolling mill and wire rods facility situated at Mauda
(Nagpur), from Asset Reconstruction Company (India) Ltd (ARCIL), belonging to
Pennar Aluminum Company Ltd. In May 2006, the company entered into a joint
2. venture with Essar Power (M.P.) Ltd to develop and operate mines at Mahan, Madhya
Pradesh. In May 2007, Novelis became a subsidiary company with the completion of
acquisition process. The company acquired Alcon's 45% equity stake in Utkal Alumina
project, makes the company, the 100% project owner. In the year 2008, the company
expanded the alumina at Muri. During the year 2009-10, the company completed the
Muri Alumina Refinery from 110,000 tpa to 450,000 tpa. They completed the
expansion Hirakud smelter from 143,000 tpa to 155,000 tpa. In October 5, 2009, the
company incorporated a wholly-owned subsidiary by the name Mauda Energy Ltd for
generation of power to be used captively. During the year 2010-11, the company
completed the Smelter expansion at Hirakud from 155 KTPA to 161 KTPA. In March 4,
2011, the company dissolved the Indal Exports Ltd. Also, A V Aluminum in Canada
was merged with Novelis Inc. The smelter expansion from 161 KTPA to 213 KTPA,
along with a 100 MW Captive Power Plant [CPP] in Hirakud Smelter will be completed
in early 2012. The next phase of expansion of the Smelter from the proposed 213
KTPA to 360 KTPA, with a corresponding increase in CPP capacity from 467.5 MW to
967.5 MW is under evaluation. The expansion of 359 KTPA Aluminum Smelter, along
with 900 MW CPP, is coming up in Bargwan, Madhya Pradesh. The expansion of 359
ktpa, Aluminum smelter along with a 900 MW captive power plant, identical to the
Mahan Project, is coming up in Orissa. The project has received stage 2 forest
clearance in January 2011 and the construction work has started. Now theproject is
slated for completion in 2013. Aslo, the expansion of 1.5 Million TPA Alumina Refinery
along with a 90 MW cogen plant, replica of the Utkal Alumina refinery is coming up in
Orissa. The preliminary cost estimate is in the order of magnitude is Rs. 6,000 Crores
without financing cost. It is planned for commissioning in FY14. The expansion of 359
ktpa, Aluminum smelter along with a 900 MW captive power plant is coming up in
Sonahatu, Jharkhand. The land acquisition process has already begun. The process
for obtaining environmental clearance has begun. For this project the Tubed coal mine
has been allotted to the project jointly with Tata Power.