Hindalco Industries Ltd
Andhra Pradesh ~ India ~ International ~ City ~ Entertainment ~ Business ~ Sports ~ Technology ~ Health ~ Features
2010 Commonwealth Games ~ 2010 Nobel Prizes ~ Sachin Tendulkar ~ Rajasthan Royals ~ Kings XI Punjab ~ Sushil Kumar ~ Deepika Kumari ~ Somdev Devvarman ~ HR Bhardwaj
Home / India News / 2007 / May / May 4, 2007
Hindalco Industries Ltd Record Annual Revenues at Rs. 18,313.0 Crores

Top News

144 Section in Hyderabad ahead of Ayodhya verdict

Manmohan Singh to campaign in Bihar today

FBI failed to act on Headley's wife's terror link expose 3 yrs before Mumbai attacks

Craven's horror flicks 'were inspired by real stories'

RBI will intervene if inflows turn lumpy: Subbarao

Enforcement Directorate issues 'Look Out Circular' against Lalit Modi

Now, laser technology that destroys tumours using heat

Waist size, not BMI can foretell cardiovascular risk in children

Jan - Mar 07
Quarterly Results

Aditya Birla Nuvo

Anant Raj Industries

Castrol India

Cambridge Technology Enterprises Ltd (CTEL)

Deccan Chronicle Holdings

Genus Power Infrastructures


Global Broadcast News


HOV Services

Hindustan Construction Company


Idea Cellular



Mahindra & Mahindra Ltd


Patni Computer Systems

Quintegra Solutions

Sasken Communication Technologies



Tanla Solutions


Triton Corp

UltraTech Cement

Hindalco Industries Ltd Record Annual Revenues at Rs. 18,313.0 Crores

Mumbai, Maharashtra, India

Hindalco Industries Ltd, the flagship Company of the Aditya Birla Group has reported a sterling performance for the Quarter ending March 31, 2007. Net sales at Rs. 4748.9 Crores is up by 30% over Q4 of FY06 (Rs. 3657.4 Crores). Profit before Tax rose by 20% and Profit after Tax increased by 15% vis-a-vis Q4 of FY06.

Driven by strong Aluminium prices on the LME and an improved product mix on account of higher sales volume of value added products, Aluminium business revenues extended from Rs 1,726.3 Crores to Rs 2,042.4 Crores, an increase of 18 %. Despite strong inflationary pressures, Profit before interest and tax mounted from Rs 713.1 Crores to Rs 790.2 Crores, up 10.8%.

Copper business revenues stepped up from Rs 1931.7 Crores to Rs 2711.2 Crores, a rise of 40%. Profit before interest and tax at Rs 136.5 Crores witnessed a growth of 13.6% over the corresponding quarter of the previous year.

FY 2007 Performance

The FY 2007 results have been extremely impressive. Higher Capacity utilization, increased realization and strengthening of operational efficiencies resulted in both revenues and profits surpassing their previous levels. Consolidated Revenues at Rs. 18,313.0 Crores reflected a growth of 61%. The EBIDTA crossed the USD 1 bn. mark for the first time ever at Rs. 4,385.1 Crores. Net profits grew sharply by 55% to Rs. 2564.3 Crores.

Aluminium business revenues stretched from Rs 6042.3 Crores to Rs 7344.4 Crores an increase of 21.5%. Despite strong inflationary pressures, Profit before interest and tax rose from Rs 2128.1 Crores to Rs 2929.2 Crores up 37.6 %.

Copper business revenues doubled to Rs. 10,977.6 Crores from Rs. 5354.2 Crores Profit before interest and tax surged to Rs 517.1 Crores .vis- a -vis Rs 19.3 Crores in FY 06.


The Company has paid an interim dividend of 170% for FY 07. Together with the Corporate Dividend Tax of Rs. 24.9 Crores, the total payout on this score was Rs. 202.2 Crores. The Board at its meeting held on date, has decided not to recommend any further dividend and to treat the interim dividend as the final dividend.

A Major Strategic Initiative

The Company has entered into a definitive agreement with Novelis Inc. on 10th Feb 2007 for acquiring all outstanding common shares @ USD 44.93 per share in cash for a total consideration of approx. USD 3.5 Billion.

For this purpose the Company has secured firm commitments of USD 3.1 Billion bridge loan of 18 months against the corporate guarantee of the Company and the balance of USD 450 Million will be financed by the company by way of infusing equity / preferred stock / other securities in its wholly owned subsidiaries. The acquisition will be effected through one or more of its wholly owned subsidiaries.

The acquisition marks a synergistic extension to the Company's upstream business by way of expanding the Company's business activities to multiple downstream business, by optimization of the operating assets of Novelis located in different geographical markets catering to a larger consumer base.

The acquisition is subject to various customary approvals including shareholders and Canadian Court approval.

Operational Review


Both alumina and aluminium continued to operate at high utilization levels, above their rated capacities. With the stabilization of the Prebaked Smelter Potline at Hirakud, metal production has risen by 7% to 114,334 MT. The production of Value Added Products i.e. Rolled and Extrusions ascended due to better performance from the rolling plants and the extrusion press set up in FY 06.


The production of Copper cathodes went up by 22% to 81,460 T in comparison to Q4 of the previous year. Production of value added product CC rods grew 27% to 30,076 T. Sulphuric acid output was up by 8% to 240,860 T. In view of the overall economics, Copper II operations remained suspended in the fourth quarter of FY 2007 with copper concentrate in international markets becoming more expensive due to a shortage. The Company expects this situation to be transient.

Expansion Projects


The brownfield expansion of the Alumina refinery from 110 KTPA to 450 KTPA is expected to be commissioned in the third quarter of the next fiscal.


The commissioning of Phase 1 of the expanded Smelting capacity from 65 KTPA to 100 KTPA has been completed with all 150 pots energized. Phase - II of the project which will raise Smelting capacity to 143 KTPA, is on track. The conversion of Pot Line -3 commenced in Nov'06 in a phased manner. The first lot of 64 Pots have been completed, ahead of schedule. The 2nd 100 MW power plant was commissioned in Dec'06 in line with the schedule and the third 100 MW plant is slated to go on stream by December 2007.


The allotment of the lease for Bauxite mines for expanding the Alumina refinery capacity at Belgaum, Karnataka from 350 KTPA to 650 KTPA, is awaited.


Work on the 1,500 KTPA Alumina project is in progress. The pile foundation for the precipitation area is progressing well and will be completed by May'07. The layout of the non-plant buildings has been finalized. The Detailed engineering for Mines has started and is expected to be over by March 2009. The second phase of rehabilitation and resettlement process is on track.

Aditya Alumina

This greenfield integrated project of 1,500 KTPA Alumina, 325 KTPA of Aluminium smelting and a Captive Power Plant of 750 MW is on track. The proposed smelter has been accorded an SEZ status. The Rehabilitation and Resettlement plan for both the smelters and CPP sites have been submitted for statutory approval. The work on the Railway siding and Energised Grid connectivity is underway. The plant commissioning is expected by September 2011.


This project envisages setting up of a 325 KTPA Smelter and 750 MW Captive Power Plant supported by Captive Coal Mine. The Coal block was allotted in April'06 in a JV with Essar. The production of coal is likely to start from April 2009. The Govt. of Madhya Pradesh has sanctioned an allocation of 1213 hectares of land and accorded an SEZ status. Its commissioning is expected by November 2012.


For this project entailing the setting up a 325 KTPA Aluminium Smelter with 750 MW Captive Power Plant, supported by 5 million TPA Captive Coal Mine in Jharkhand, the allotment of coal block has reached its final stages. Land acquisition is in progress. An application has also been filed for environmental clearance, water, construction power and other necessary infrastructure.

Industry Outlook


Global Aluminium consumption is estimated to have grown by 7.2% during CY06. The Key contributor to this growth has been the Asian region powered mainly by China which is estimated to have grown by 20.6%. Going forward the demand is expected to be strong especially from China and India.

Rapidly increasing Semi-fabrication capacity in China is adding to the primary metal demand. The Semi-fabrication production in China has grown by 25.5% in CY06. The Chinese consumption growth is driven mainly by higher investment in infrastructure as well as growth in the Automobile Industries. The Chinese Aluminium consumption is anticipated to grow by a phenomenal 20.8% during CY07. The rest of Asia is also expected to witness good demand during 2007.


The Smelter production recorded a strong growth in CY2006, despite the tight concentrates market and low Tc/Rcs. Expansions to underlying capacity continued to lift output, and high concentrate stocks enabled smelters to cover the shortfall in new mine production. Yet another output surge in CY2008 is expected as new capacity is to go on stream. This will be the peak year for production growth. However, despite a strong growth in capacity, with mine output continuing to fall short of smelter requirement, actual output will be constrained by concentrate availability.

Refined output increased by an estimated 6.4% last year as there was underlying growth in capacity, particularly in China. A robust growth is forecast for CY2008 with capacity increases.

Company Outlook

The Company has been continuously improving its performance. It is leveraging its fundamental strengths to deliver shareholder value and this is an ongoing priority. LME will drive the performance of aluminium business whereas it is a pass through for copper business. Going forward the biggest challenge would be to maintain high levels of performance once the aluminium price at the LME starts moving down.

To view the press release along with tables, please click on the links given below:

Press Release with tables


Source: Hindalco Industries Limited (Business Wire India)

Press release presented here is sourced from the Source mentioned above and is provided on as-is basis. Please contact the Company / Source directly for any further information in regard to this release. This website will be unable to assist you in regard to the accuracy or correctness of information in this release.

India News / Press Releases on May 4, 2007

You can filter News by Source: All News, from ANI or from BWI

Seven injured in Assam blast
At least seven persons, all of them Hindi-speaking, were injured in a car bomb explosion triggered by the banned United Liberation Front of Asom (ULFA) here on Friday. ANI

All India Minorities Front alleges violation of model code of conduct
The All India Minorities Front today alleged that the model code of conduct is being violated by political parties with impunity in Gorakahpur where the last phase of UP elections will be held on May 8. ANI

Nuke deal with US is for Indias sustainable and secure energy need: Pranab
Reaffirming UPA Governments commitment to the Indo-US civilian nuclear energy cooperation, External Affairs Minister Pranab Mukherjee today said here that the core aim behind the deal is to have a secure and sustainable energy sources for ensuring countrys high economic growth rates. ANI

Violence haunts Nandigram victims at relief camps
Violence continues to haunt the victims of Nandigram, with the miscreants attacking them even in relief camps. ANI

Rahul slams opposition parties of partisan attitude
Congress Party MP from Amethi Rahul Gandhi today accused parties like Samajwadi Party, BJP and BSP for having partisan attitude towards people. ANI

Seven medics charged for deaths of 38 newborns in Kerala hospital
The Kerala Police on Friday registered a case against seven medical professionals in connection with the deaths of 38 newborns at state-run Sree Avittam Tirunal (SAT) Hospital here. ANI

Varanasi school celebrates Watermelon Day
A school in Varanasi organised Watermelon Day on Friday to promote consumption of the fruit and wean students away from junk food and aerated drinks. ANI

Consultative Committee discusses draft of criminal justice system
A meeting of the Parliamentary Consultative Committee of the Ministry of Home Affairs was held here today to discuss issues relating to the Draft National Policy on Criminal Justice. ANI

Army voices opposition to troops withdrawal from Kashmir
The General Commanding-in-Chief (GOC) of 15 Corps Lt Gen A S Sekhon today said that the issue of demilitarisation should not be taken with emotions, and any decision on it should be arrived only after carrying out proper research. ANI

Names surface of more Parliament members linked to human trafficking case
Human trafficking kingpin Rasheed, who had surrendered on Thursday, has reportedly named several politicians in the scam during his interrogation. ANI

No security breach at airports, says Centre(Lead: Air port)
The Government today clarified that there has been no breach of security at the airports of the country. ANI

Mercury soars in Gujarat during wedding season
Gujarat is reeling under heat wave, like several parts in the north and west of the country. ANI

US senators letter to PM, Sethu Samudram project rock Parliament
The Parliament today witnessed noisy scenes with the opposition members in both the Houses protesting against the Government on two different issues -US senators letter to Prime Minister on ties with Iran and the Sethu Samudram project. ANI

Manipur Assembly by polls on June 2
The elections to the Khongbok and Khundrakpam assembly constituencies in Manipur will be held on June 2. ANI

Gujarat Fake encounter net widens, Pathans kin to move Supreme Court
In yet another instance of an alleged fake encounter killing by the Gujarat Police, kin of Samir Khan Pathan are all set to move the Supreme Court for a detailed probe to unravel the truth. ANI

You voted for Mulayam, he cheated you: Rahul Gandhi
Coming down heavily on the Uttar Pradesh Government and accusing Chief Minister Mulayam Singh Yadav of indulging in mere power game, Amethi Congress MP Rahul Gandhi today said that Yadav had breached the trust of the people. ANI

Supreme Court says no to increase compensation to Bhopal victims
The Supreme Court on Friday ruled out the five-time compensation for the 1984 Bhopal gas victims, as put forth by several NGOs through petitions filed in the apex court. ANI

Praful Patel to flag off inaugural Surat-Delhi flight
Civil Aviation Minister Praful Patel shall receive the inaugural flight of the national carrier Indian from Delhi to Surat in Gujarat on May 6. ANI

Parliamentary Committee on Civil Aviation meets
The Parliamentary Consultative Committee for the Ministry of Civil Aviation met here today and expressed concern about the reported security breach at airports. ANI

Orissa villagers fear losing homes to soil erosion
Several families in a small hamlet along the Bay of Bengal coast in Orissa are living in constant fear of their homes being wiped out soon due to massive soil erosion. ANI

Army recovers IED, averts major tragedy in Tinsukia
The Indian Army today averted a major tragedy by timely detecting an Improvised Explosive Device (IED), which was placed at Chikajan in Tinsukia to target a military patrol team by the rebel United liberation Front of Asom (ULFA). ANI

Abandoned plane disrupts traffic in Mumbai suburb
An abandoned Boeing 737 in a busy suburb of Mumbai has been blocking traffic for the last five days with no effort by authorities to remove the plane. ANI

Two BSP workers nabbed at Rahul Gandhis hotel in UP
Two Bahujan Samaj Party (BSP) workers, carrying firearms, were arrested from a hotel in Faizabad where Congress MP and Nehru-Gandhi scion Rahul Gandhi was staying. ANI

Swedish Foreign Minister meets PM
Swedish Foreign Minister Carl Bildt met Prime Minister Dr. Manmohan Singh here today and discussed several bilateral and international issues of mutual interest to both countries. ANI

Nepali Congress district presidents meet begins
A meeting of the district presidents of the Nepali Congress (NC), which is expected to advise the central leadership on key political issues, began at Lalitpur on Friday morning. ANI

Jamia Millia Islamia honours Arjun Singh
Finally, Human Resource Development Minister Arjun Singh has a reason to smile as Jamia Millia Islamia (JMI) will open a building and a road in his name this evening. ANI

When a sister marries her sister-in-law in Vadodara
A tribal community of Gujarat has a unique wedding tradition that requires an unmarried sister to act as a bridegroom by replacing her brother during the marriage ceremony. ANI

Indore scrap collector collects old newspapers in his car!
We are all familiar with the local Raddiwallah (or scrap collector) visiting colonies shouting for old newspapers on a bicycle. He doesnt enjoy any special status in society, but Indores Gopal Sharma is a Raddiwallah with a difference. ANI

Police lodge FIR against Kerala Health Minister
The Kerala Police today registered a First Information Report (FIR) against Health Minister PK Sreemathi. ANI

Now, Jaipur dolls for American children with love
An exporter in Jaipur is supplying traditional dolls for cancer-affected and destitute children in the United States. ANI

NAFED procuring wheat from Pak at Rs.100 above MSP
The National Agricultural Marketing Cooperative Federation of India Limited (NAFED) has already submited a buying contract with Pakistan wheat exporters at the rate of around Rs.950, which is 100 rupees more than the Centres Minimum Support Price (MSP) of wheat. ANI

500-km-long cross-country cycle rally flagged off in Tripura
A cross-country cycle rally was flagged off on Friday with the aim of motivating youths to take up country-building activities. ANI

Kalam to present Nirmal Gram Puraskar awards
President A P J Abdul Kalam will distribute the third Nirmal Gram Puraskar (NGP) awards to selected Panchayati Raj Institutions (PRIs) functionaries here this evening. ANI

Six people killed in Kathua during land encroachment clash with police
At least six persons were injured in Jammu and Kashmirs Kathua District, as police baton charged tribesmen who had reportedly encroached upon government land. ANI

Jalandhar students win NASAs annual space settlement contest
Jalandhars Apeejay School has done the country proud by winning the National Aeronautics and Space Administrations (NASA) annual space settlement contest. ANI

Firozabad villagers re-enact Holi to atone for earlier blasphemy
It is three months since people celebrated Holi, the festival of colours, but residents of Uttar Pradeshs Firozabad District have decided to celebrate Holi to atone for an act construed as blasphemy by conservative in the area. ANI

Mumbai protests as Gujarat denies right of way for Dahej-Uran gas pipeline
Hundreds of people from various social and political fora have hit the streets of Mumbai to protest Gujarats refusal to allow the Dahej-Uran gas pipeline to pass through its territory. ANI

Pakistan seeks level playing field for better trade ties with India
Pakistans High Commissioner to India, Shahid Malik, has called upon New Delhi to revise its tariff and non-tariff structure and create a level playing field for bettering bilateral trade. ANI

Hindalco Industries Ltd Record Annual Revenues at Rs. 18,313.0 Crores
Hindalco Industries Ltd, the flagship Company of the Aditya Birla Group has reported a sterling performance for the Quarter ending March 31, 2007. Net sales at Rs. 4748.9 Crores is up by 30% over Q4 of FY06 (Rs. 3657.4 Crores). Profit before Tax rose by 20% and Profit after Tax increased by 15% vis-a-vis Q4 of FY06. Business Wire India

Aditya Birla Nuvo, An Aditya Birla Group Company Reports Good Performance for the Year Ended March 31, 2007
The Company's consolidated turnover of Rs. 8258.0 Crores is up by 65% over Rs. 5006.9 Crores achieved in the preceding year. The Company's stand-alone turnover at Rs. 3420.5 Crores grew by 29% vis-a-vis Rs. 2642.0 Crores attained in the preceding year. Business Wire India

Paris EUROPLACE Mumbai Financial Forum Offers a Platform for Dialogue between the European and Indian Financial Community
Business Wire India

Importance of 'Driver Control' Encourages Penetration of AMTs and DCTs in the European Market
Business Wire India

Also see International News / Press Releases on May 4, 2007

Suggested pages for your additional reading
AndhraNews.net on Facebook

© 2000-2017 AndhraNews.net. All Rights Reserved and are of their respective owners.
Disclaimer, Terms of Service & Privacy Policy | Contact Us