Hindalco Industries Ltd (HINDALCO) Share Price

Hindalco Industries is among India’s leading aluminum and copper manufacturing companies. Hindalco Industries is primarily known for its various aluminum and copper products. This Mumbai headquartered company is a subsidiary of the Indian multinational conglomerate Aditya Birla Group. Hindalco Industries had a humble beginning with a single aluminum manufacturing facility in Uttar Pradesh. The company was incorporated on December 15, 1958 as Hindustan Aluminum Corporation Ltd. Indian businessman GD Birla established India's first integrated aluminum facility at Renukoot, Uttar Pradesh in 1962 and thus Hindalco Industries officially began commercial operations. Production at this facility was supported by a captive thermal power plant at Renusagar, Uttar Pradesh which started operations in 1967. Over the next two decades, Hindalco Industries would grow to become a leading manufacturer of aluminum and would expand its portfolio to produce copper products. In 1989, the company rebranded and changed its name from Hindustan Aluminum Corporation to Hindalco Industries Limited to better represent its expanded portfolio. 2000s saw three major acquisitions by Hindalco Industries. In 2000, the company acquired a controlling stake in Indian Aluminum Company Limited. Also in 2000, Hindalco Industries purchased a large stake in Canada-based firm Alcan Aluminum Ltd. 2007 was the year when Hindalco Industries acquired US-based aluminum firm Novelis Inc. These acquisitions help the company become one of the largest producers of aluminum in all of Asia as well as become India's leading copper producer. 2020 was the year when Hindalco Industries purchased a controlling stake in Aleris Corporation through its subsidiary Novelis. This acquisition solidified Hindalco Industries’ position as one of the world’s largest flat-rolled products player and recycler of aluminum. Hindalco Industries has two subsidiaries namely Novelis Inc. and Hindalco-Almex Aerospace. Hindalco-Almex Aerospace is a joint venture between Hindalco and Almex Aerospace. Hindalco Industries had a workforce of over 35,000 as of March 2022. 

Products and services  

Being one of the leading manufacturers of aluminum products in India, Hindalco Industries produces and markets a number of aluminum products. These include standard and specialty grade alumina and hydrates, aluminum ingots, billets, wire rods, flat rolled products, extrusions and foil. Hindalco Industries has a significant presence in the copper industry as well. It manufactures a number of copper products. These include copper cathodes and continuous cast copper rods. Hindalco Industries is also in the business of manufacturing precious metals, fertilisers, sulphuric and phosphoric acid. Through its subsidiary Novelis, Hindalco Industries produces rolled aluminum products. Hindalco-Almex Aerospace manufactures high-strength aluminum alloys.

Listing 

Shares of Hindalco Industries are listed on a number of Indian stock exchanges such as BSE, NSE, Madras Stock Exchange, Calcutta Stock Exchange, etc. The company is a part of multiple indices like Nifty 50, Nifty 500, S&P BSE Sensex 50 etc.