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Hindalco Industries

 
Hoover's Profile: Hindalco Industries Ltd.
 
(Mumbai:HINDALCO)
Contact Information
Hindalco Industries Ltd.
Aditya Birla Centre, S. K Ahire Marg, Worli
Mumbai 400 030, India
Tel. +91-22-6652-5000
Fax +91-22-6652-5841

Type: Public
On the web: http://www.hindalco.com/index.htm

Hindalco is India's largest aluminum producer and operates the country's largest copper smelting and refining plant. It also owns the Mount Gordon and Nifty copper mines in Australia. The company's aluminum products include wire rods, ingots, billets, aluminum alloy wheels, aluminum packaging and foils. Its copper products include cast copper rods for power and communication cables, strips for power and distribution transformers, magnet wire, and copper cathodes. The copper unit provides almost two-thirds of its sales. Hindalco is a unit of Aditya Birla. In 2007, the company paid $6 billion, including debt, to buy Canada's Novelis.

Officers:
Chairman: Kumar M. Birla
Managing Director and Director: Debnarayan (Debu) Bhattacharya
President and CFO: S. Talukdar

Competitors:
Aluminum Corporation of China
BHP Billiton
Rio Tinto Limited

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Wikipedia: Hindalco Industries
 
Hindalco Industries Ltd
Type Public
Founded 1962
Headquarters Mumbai, India
Key people Flag of India Kumar Mangalam Birla (Chairman)
Industry Metals
Products Aluminium and Copper
Revenue $14.8 Billion or Rs 60,013 crore (FY 2008 including Novelis)[1]
Employees 13,675
Parent Aditya Birla Group
Website www.hindalco.com

situation=renukoot(uttar pradesh)

Hindalco Industries is India's largest Aluminium manufacturing Company and is a subsidiary of the Aditya Birla Group. It is run by one of the world's youngest billionaires, Mr. K.M. Birla.

Contents

Financial information

The company has annual sales of $ 5 billion and employs 13,675 people and is listed on Forbes 2000. A metals powerhouse with a turnover of US$ 14 billion, Hindalco is the world's largest aluminium rolling company and one of the biggest producers of primary aluminium in Asia.

Novelis takeover

On February 11, 2007, the company entered into an agreement to acquire the Canadian company Novelis for U$6 billion, making the combined entity the world's largest rolled-aluminium producer. On May 15, 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.

Other acquisitions and takeovers

In July 2007, Hindalco announced it is acquiring the stake of Alcan Inc.'s in the Utkal Alumina Project located in Orissa.

Forbes ranking

Hindalco is listed on the Forbes Global 2000 at the position 1821 [1].

References

External links


 
 

 

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Wikipedia. This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Hindalco Industries" Read more