Milestones

Creating history in the Indian non ferrous metals industry:

In the late 1950s, when India was giving shape to its economic vision, one visionary leader, G. D. Birla took the bold step to set up the country's first integrated aluminium facility at Renukoot, Uttar Pradesh. That vision gained strength as Hindalco grew in size and scale under the dynamic leadership of the late Aditya Vikram Birla.

Under the leadership of the Aditya Birla Group’s Chairman, Mr. Kumar Mangalam Birla, Hindalco acquired Indal and the Australian Nifty and Mt Gordon copper mines, merging Aditya Birla Group's copper division to create a non-ferrous metals powerhouse.

In 2007, Hindalco created history in the Indian aluminium industry by acquiring Novelis Inc., a global leader in aluminium rolling and can recycling.

Hindalco, combined with Novelis, now ranks among global aluminium majors. As an integrated producer with low-cost alumina and aluminium facilities combined with high-end rolling capabilities, it is the world’s largest aluminium rolling company. It stands among Asia's leading primary aluminium producers and is at the forefront of India's non-ferrous metals sector.

Looking back at a brilliant journey:

2017
  • Successfully raised USD 500 million through Qualified Institutional Placement (QIP).
  • Prepaid Rs. 1,031 crore long term loan in FY2017 and Rs. 4,505 crore in April 2017 resulting in a cumulative amount of Rs. 5,536 crore paid till date.
  • Refinanced USD 4.3 billion long-term debt at Novelis - annual cash interest expense reduced by USD 79 million.
  • Novelis entered into JV agreement in May 2017 with Kobe Steel to sell 50 per cent of its ownership interest in its Ulsan, South Korea facility, for USD 315 million.
  • Divested Aditya Birla Minerals Limited, Australia for Rs. 367 crore.
  • With new coal linkage in FY2017, coal security improved to two thirds of annual requirement of the Aluminium Business.
  • Stable operations – achieved highest Aluminium production at 1,266 Kt.
2016
  • Mr Satish Pai takes over as Managing Director from 1st Aug 2016 after Mr D Bhattacharya demits office.
  • Highest ever production of aluminium and alumina produced at 1.1 million and 2.7 million tonnes respectively.
  • Greenfield projects - Mahan Aluminium, Aditya Aluminium and Utkal Alumina ramped up to full capacity.
  • Coal blocks in Chhattisgarh and Jharkhand, acquired through auction, became operational.
2015
  • Mahan and Aditya Aluminium smelters and Utkal refinery come on stream.
  • Acquisition of Gare Palma Coal mines in Chhattisgarh and Kathautia and Dumri Coal mines in Jharkhand through auction.
2013
  • First metal tapped at Mahan Aluminium.
  • Utkal Alumina Refinery goes on stream.
  • Hirakud Flat Rolled Products plant commissioned.
2011
  • Refinance of Novelis debt of US$4 billion to enable strategic flexibility for growth. This was a landmark innovation in financing - not only did Hindalco get back 50 per cent of the invested equity within four years, but also opened up a novel funding avenue between Novelis and Hindalco.
  • Achieved financial closure of two projects through debt financing - Utkal Alumina for Rs.4,906 crore and Mahan aluminium for Rs.7,875 crore.
2010
  • Expansion of copper rod mill to 160 KTPA.
2009
  • QIP: Raised US$600 million for projects, the largest straight QIP in India.
2008
  • Alumina expansion at Muri.
  • Rights issue: Raised a total of Rs.4,426 crore for re-financing the bridge loan taken for the acquisition of Novelis.
2007
  • Successful acquisition of Novelis, making Hindalco the largest in aluminium rolling and among the global top five metals majors, with a presence in 12 countries outside India.
  • Acquisition of Alcan’s 45 per cent equity stake in the Utkal Alumina project, thereby making Hindalco the 100 per cent project owner.
2006
  • Hindalco announces 10:1 stock split. Each share with face value of Rs.10 per share split into 10 shares of Rs.1 each.
  • Hindalco completes largest rights issue in the history of Indian capital markets with a total size of Rs.22,266 million.
  • Equity offering and subsequent listing of Aditya Birla Minerals Limited on the Australian Stock Exchange.
  • MoU signed with the government of Madhya Pradesh for a greenfield aluminium smelter in the Siddhi district of the state.
2005
  • All businesses of Indal, except for the Kollur foil plant in Andhra Pradesh, merged with Hindalco Industries Limited.
  • MoUs signed with the state governments of Odisha and Jharkhand for setting up greenfield alumina refining, smelting and power plants.
  • Commissioned Copper III expansion, taking total capacity to 500,000 TPA.
2004
  • Copper smelter expansion to 250,000 TPA.
2003
  • Hindalco acquires Nifty copper mine in March 2003, through Aditya Birla Minerals Limited (ABML, formerly Birla Minerals Resources Pty. Ltd.).
  • ABML acquires Mount Gordon copper mines in November 2003.
  • Equity stake in Indal increased to 96.5 per cent through an open offer.
  • Brownfield expansion of aluminium smelter at Renukoot to 345,000 TPA.
2002
  • Amalgamation of Indo Gulf Corporation Limited’s copper business, Birla Copper, with Hindalco, effective from April 1, 2002.
2000
  • Acquisition of controlling stake in Indian Aluminium Company Limited (Indal) with 74.6 per cent equity holding.
1999
  • Aluminium alloy wheels production commenced at Silvassa.
  • Brownfield expansion of metal capacity at Renukoot to 242,000 TPA.
1998
  • Foil plant at Silvassa goes on stream. Hindalco attains ISO 14001 EMS certification.
1995
  • Mr. Kumar Mangalam Birla takes over as Chairman of the Hindalco Board.
1991
  • Beginning of a major expansion programme.
1967
  • Commissioning of Renusagar power plant – a strategic and far-sighted move.
1965
  • Downstream capacities commissioned (rolling and extrusion mills) at Renukoot.
1962
  • Commencement of production at Renukoot (Uttar Pradesh) with an initial capacity of 20,000 MTPA of aluminium and 40,000 MTPA of alumina.
1958
  • Incorporation of Hindalco Industries Limited.