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Shareholding Info
  • Promoters
    34.64 %
  • Foreign institutions-FII
    27.01 %
  • Other domestic institutions
    14.58 %
  • Retail and other
    12.34 %
  • Mutual Funds
    11.42 %

About Hindalco

Being the metal flagship company of the Aditya Birla Group, Hindalco Industries Limited is a metal behemoth and industry leader in the business of aluminium and copper.Hindalco first started in 1958, and its first real contribution came in 1962 when the late GD Birla established India’s first integrated aluminium facility at Renukoot. It later received support from a captive thermal power plant in 1967 in Renusagar. Later on, with the dynamic leadership and vision of the late Aditya Vikram Birla, Hindalco marched ahead in strides to achieve its leadership position in the aluminium industry. And complimented with the leadership and guidance of Mr Kumar Mangalam Birla through expansions and mergers and acquisitions, the aluminium and copper businesses were consolidated together to make Hindalco the powerhouse that it is today.Through the years, Hindalco has grown into a major vertically integrated metal company and has become one of the largest producers of aluminium in Asia, and its copper smelter is one of the world’s largest custom smelter. With the acquisition of the world’s largest aluminium rolling company, Novelis Inc, in 2007, Hindalco made its mark on the world map by joining the elite top five aluminium majors.Today, the company’s aluminium business covers multiple operations from bauxite mining, coal mining, alumina refining, aluminium smelting to downstream rolling, foils and extrusion. The Birla Copper unit manufactures copper cathodes, continuous cast copper rods and other by-products like silver, gold and DAP fertilisers.

Core Activities & Products

As mentioned above, Hindalco is focused on the business of aluminium and copper:
  1. Aluminium:One of the top producers of aluminium in Asia, Hindalco has a pan India presence encompassing multiple operations like alumina refining, bauxite mining, aluminium smelting, downstream rolling, extrusions and converting primary metal into value-added products. Hindalco handles both raw materials and finished products of aluminium. The company has dedicated sources for critical raw materials like coal, power and bauxite. Finished products include alumina and primary aluminium in the form of billets, ingots, wire rods and other value-added products like rolled products, foils and extrusions. Other sources like chemical alumina and hydrates are used in an array of industries for water treatment, fillers in cables and plastics, ceramics and glass, among others.The integrated complex in Renukoot provides an alumina refinery, aluminium smelter and other facilities for value-added products. Hindalco’s new age smelters are state-of-the-art and have yielded high-quality output aiding in expansion and making the process cost-efficient.
  2. Copper:Known as Birla Copper, the facility operates as one of the largest custom copper smelters worldwide. The copper smelter located in Dahej (Gujarat) provides three copper smelters, copper refineries, a captive oxygen plant, two rod plants, a di-ammonium phosphate plant, a precious metal recovery plant, captive jetty and other utilities. The company produces copper rods in various sizes, copper cathodes, and precious metals like gold and silver. The 19.6mm diameter copper rods which are used for railway electrification are produced by Hindalco. The co-product, which is sulphuric acid, is used to make fertilisers.

Board of Directors

  • Mr. Kumar Mangalam Birla - Non-Executive Chairman
  • Mrs. Rajashree Birla - Non-Executive Director
  • Mr. Satish Pai - Managing Director
  • Mr. Askaran Agarwala - Non-Executive Director
  • Mr. Kailash Nath Bhandari - Independent Director
  • Mr. Sudhir Mital - Independent Director
  • Ms. Alka Marezban Bharucha - Independent Director
  • Mr. Praveen Kumar Maheshwari - Whole-Time Director and CFO
  • Dr. Vikas Balia - Independent Director
  • Mr. Yazdi Piroj Dandiwala - Independent Director
  • Mr. Anant Maheshwari - Independent Director

Key Executives

  • Mr. Satish Pai - Managing Director
  • Mr. Praveen Kumar Maheshwari - Chief Financial Officer
  • Mr. Rohit Pathak - CEO - Copper Business
  • Mr. Rajesh Kumar Gupta - Head - Mining & Minerals
  • Mr. N. Nagesh - Head - Renukoot Cluster
  • Mr. Kailash Pandey - Head - Sambalpur Cluster
  • Mr. Arun Kumar B - Head - Aluminium Downstream Strategic Projects
  • Mr. Mazharullah Beig - Unit Head - Utkal Alumina International Limited
  • Mr. Samik Basu - Chief Human Resources Officer
  • Mr. Nilesh Koul - Head - Downstream Aluminium Business
  • Mr. Devotosh Kumar Das - Chief Marketing Officer - Aluminium
  • Mr. Bibhu Prasad Mishra - Head - MCoE
  • Mr. Saurabh Khedekar - Head - Chemicals Business
  • Mr. Anil Malik - Company Secretary
  • Mr. Aniruddha Kulkarni - Chief Strategy Officer
  • Mr. Chandan Agrawal - CEO and President - Eternia
  • Mr. V. R. Shankar - Head - Legal
  • Mr. Jagdish Ramaswamy - Chief Digitisation Officer
  • Mr. Vilas Tathavadkar - CTO
  • Mr. Sukanta Das - Head - Central Logistics
  • Mr. Anil Mathew - President - Policy Advocacy and Chief Risk Officer


Hindalco currently operates in 10 countries boasting a workforce of nearly 40,000 employees representing various nationalities.

Registered Office:

Hindalco Industries LimitedAhura Centre, 1st Floor,
B WingHindalco Industries LimitedAhura Centre, 1st Floor,
B WingMahakali Caves RoadAndheri (East),
Mumbai - 400 093
Tel: 91 22-6691 7000 Fax : +91 22 6691 7001


Some of the core strengths that contribute to the growth of the share price of Hindalco are listed below:
  1. The management of the company is strong and experienced.
  2. It has a strong global footprint in the field of aluminium and copper.
  3. The product portfolio is very strong and diverse across upstream and downstream segments
  4. They have close to 40,000 employees worldwide..
  5. The company has been accorded the Star Trading House status. The aluminium business is listed on the London Metal Exchange (LME).
  6. A big chunk of sales also comes from its value-added products.
  7. The consolidated PAT by the company is at ₹3,851 as of FY22.

CSR and Sustainability

Apart from business as usual, Hindalco believes in contributing to better the quality of life of the underprivileged sections of society. It has participated in giving back for over 50 years, long before the concept of CSR found a space in the corporate dictionary. The late Mr G.D Birla encouraged giving a portion of the profits for the larger good of society, and the late Mr Aditya Birla participated in philanthropy and brought in the concept of “sustainable livelihood”.Today, Hindalco reaches out to millions who live in villages, most of whom live below the poverty line. These include people who require access to water, healthcare, agriculture and livelihood and education.The company also works on reforms like widow re-marriage and dowry-less marriage. They work in tandem with government agencies and beneficiaries who encourage social reform.The focus areas of CSR activities include
  • Medical camps
  • Health facilities
  • Regular health camps
  • Providing primary education to underprivileged children.
  • Actively participating in adult education as well to improve rural literacy.
  • Offering merit scholarships/schemes.
  • Providing educational support like textbooks, stationery, uniforms etc.
    Skill training
  • The Aditya Birla Rural Technology Park (Mirpur, Uttar Pradesh, India)
  • The Yashogami Skills Training Centre (Radhanagari, Tarale, Maharashtra, India)
    Women Empowerment
  • Self-help groups and programmes that involve over 11,000 women from rural committees around Hindalco units
  • Building awareness about important matters like sanitary pads, family planning, literacy drive etc.
    Agricultural Support
  • Irrigation schemes with the help of better yield and multi-cropping methods
  • Watershed development like hydel towers, drainage systems, training farmers with better techniques, horticulture, floriculture etc.

COVID-19 Impact

The pandemic had its toll on all industries around the country and even Hindalco. However, the company recovered almost instantly after the second wave with a strong demand outlook. The only exception was that the company scaled down the capital expenditure to ₹2,400 crore, which was ₹300 lower than expectations.The company’s EBITDA was at an all-time high of ₹8,048 crore which is 56% higher compared to the previous year. Despite the rise in covid cases in Europe and China, the impact on the company’s business was meagre.

Future Prospects

The future prospects look bright for Hindalco:
  1. The Ukraine-Russia war has only bolstered the price of aluminium due to a supply squeeze by the two countries who are major exporters of aluminium and copper.
  2. The company has a very strong balance sheet and has reduced its debt as it has generated higher profits and cash flow.
  3. The management predicts that production cost is likely to go up by 9-10 percent due to the rising coal prices.

Did You Know!

Hindalco is the largest aluminium rolling company worldwide and one of the largest producers of primary aluminium in Asia and across the globe. Birla Copper is an ISO 9001, 14001, 27001, 50001 and OHSAS 18001 certified company, registered on the London Metal Exchange as a Grade-A copper brand, and certified as a Star Trading House having labs for chemical, mechanical and electrical testing accredited by the National Accreditation Board for Laboratories (NABL). The acquisition of Aleris Corporation in April 2020, through its subsidiary Novelis Inc., has cemented the company's position as the world’s largest flat-rolled products player and recycler of aluminium.

Equity Shares

Due to the robust growth and demand for aluminium, the Hindalco share price has continued rising even in troubled times like the recent Russia-Ukraine war. While the markets have been falling due to this global conflict, Hindalco shares have been one of the very few that showed green colours since the price of aluminium rose. The shares are in a bull trend and may go up much more in the short term.In the long term, however, what may fuel the growth of the Hindalco stock price is that they have delivered a solid performance in every quarter. Even post the COVID-19 impact, the volumes have been consistently high and are more than before despite the capex reducing to ₹2,400 crores during the second wave. The Hindalco stock price has been on an uptrend and has delivered close to 5% higher returns to all of its shareholders over the last year.
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