
Looking back at a brilliant journey
- 2022
- 2021
- 2020
- 2018
- 2017
- 2016
- 2015
- 2014
- 2013
- 2012
- 2011
- 2010
- 2009
- 2008
- 2007
- 2006
- 2004
- 2003
- 2000
- 1999
- 1998
- 1995
- 1991
- 1967
- 1965
- 1962
- 1958
20
2022
- Novelis to build a new $50 million recycling and casting centre in South Korea to expand low-carbon aluminum production
- Novelis to invest in building a $2.5 billion low-carbon aluminium recycling and rolling plant in Bay Minette, Alabama, USA
- Hindalco named as one of ‘India’s Best Employers Among Nation Builders’ by The Great Place to Work® Institute
2021
- Hindalco acquires Hydro’s Aluminium Extrusions Business in Andhra Pradesh for an enterprise value of ₹247 crore accelerating its journey into high-end value-added products
- Hindalco acquires 100% equity stake in Ryker Base Pvt. Ltd. (Ryker) – a wholly owned subsidiary of Polycab India Limited for an enterprise value of ₹323 crores. The acquisition will strengthen Hindalco’s copper rod manufacturing capacity by providing a time-to-market advantage, allowing the company to cater to the growing demand from the electrical and electronics sectors
- 500,000 tonne expansion project in Utkal Alumina commissioned amid the pandemic
- Hindalco is once again the world’s most sustainable aluminium company in the Dow Jones Sustainability Indices 2021
- Hindalco Industries Ltd has been certified as a Great Place to Work TM
2020
- Hindalco completes acquisition of Aleris at an enterprise value of $2.8 billion, marking a major milestone for Hindalco and Novelis, on their path to global leadership
- Hindalco flags off new Aluminium Extrusion plant in Silvassa as part of long-term downstream value-added strategy. The state-of-the-art 34,000-tonne plant to come up at an investment of ₹730 crore
- Dow Jones Sustainability Indices 2020 rank Hindalco as the World’s Most Sustainable Aluminium company
2018
- Hindalco’s wholly owned subsidiary, Novelis Inc, signed a definitive agreement to purchase Aleris Corporation, a global aluminium rolled products major, headquartered in the United States, for US$ 2.58 billion in a debt finance deal. The acquisition is expected to solidify Hindalco's position as the world's no.1 aluminium value-added products player
2017
- Successfully raised USD 500 million through Qualified Institutional Placement (QIP) and prepaid some of its long-terms project loans, in a bid to deleverage its balance sheet
- 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
- With successful bidding for new coal linkage in FY2017, coal security improved to two-thirds of annual requirement of the Aluminium Business, strategically putting the Company at a long-term advantage
- Successfully stabilised operations of its major greenfield projects and achieved the highest aluminium production at 1.26 million tonnes in FY17
2016
- Highest ever production of aluminium and alumina produced at 1.1 million tonnes and 2.7 million tonnes respectively
- Greenfield projects, Mahan Aluminium, Aditya Aluminium and Utkal Alumina ramped up to full capacity, viz, 360,000TPA smelting at Mahan and Aditya each and 1.5 MTPA alumina at Utkal
- Coal blocks in Chhattisgarh and Jharkhand, acquired through auction, became operational
2015
- Acquired Gare Palma Coal mines in Chhattisgarh and Kathautia & Dumri Coal mines in Jharkhand through auction
2014
- Aditya Aluminium goes on stream
2013
- First metal tapped at Mahan Aluminium
- Utkal Alumina Refinery goes on stream
- Hirakud FRP plant commissioned
2012
- Hirakud Smelter & Power expansion to 213,000TPA and 467.5MW respectively
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 ₹4,906 crore and Mahan aluminium for ₹7,875 crore
2010
- Expansion of copper rod mill to 160KTPA
- Completed further expansion of Hirakud Smelter from 155,000TPA to 161,000TPA
2009
- QIP: Raised USD 600 million for projects, the largest straight QIP in India
2008
- Alumina expansion at Muri from 110,000TPA to 450,000TPA
- Completed expansion of Hirakud Smelter from 143,000TPA to 155,000TPA
- Rights issue: Raised a total of ₹4,426 crore for re-financing the bridge loan taken for the acquisition of Novelis
2007
- Landmark acquisition of Novelis, making Hindalco the largest in aluminium rolling company 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 announced 10:1 stock split. Each share with face value of ₹10 per share split into 10 shares of ₹1 each
- Hindalco completes largest rights issue in the history of Indian capital markets with a total size of ₹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
- Joint Venture with Essar Power (M.P.) Ltd., in May 2006 to develop and operate mines at Mahan in Madhya Pradesh
- Hindalco acquires Mouda (Nagpur) in March 2006 from Asset Reconstruction Company (India) Ltd (ARCIL) belonging to Pennar Aluminium Company Ltd
2004
- Copper smelter expansion to 250,000TPA
2003
- Nifty copper mine in Australia was acquired 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 345,000TPA
2000
- Acquisition of controlling stake in Indian Aluminium Company Limited (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
1999
- Aluminium alloy wheels production commenced at Silvassa
- Brownfield expansion of metal capacity at Renukoot to 242,000TPA
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 67.5 MW – 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 15th December 1958