Hindalco Acquisition of Novelis
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HINDALCO INDUSTRIES LTD
14 December, 2011 | PROJECT B : SCOPE ANALYSIS |
Hindalco Industries Limited
Hindalco Industries Limited is the flagship company of the Aditya Birla Group. A metals giant with a consolidated turnover of Rs. 72,078 crores (US$ 15.85 billion), Hindalco is the world’s largest aluminium rolling company and one of the biggest producers of primary aluminium in Asia. Its Copper smelter is the world’s largest custom smelter at a single location. Figure 1 shows the various companies owned by Hindalco.
Figure 1: Companies under Hindalco Industries [20]
HISTORY
Hindalco was incorporated in 1958. In 1962, the late Mr. G.D. Birla set up India's first integrated aluminium facility at Renukoot, in the eastern fringe of Uttar Pradesh, India. It was supported by a captive thermal power plant at Renusagar in 1967. Hindalco ascended to its leadership position in the aluminium industry under the guidance of the late Mr. Aditya Birla. Mr. Kumar Mangalam Birla, the Group Chairman, took over the mantle next. It was his vision that resulted in the consolidation of the business segments of aluminium and copper to make Hindalco the non-ferrous metals juggernaut that it is today. This was achieved partly by expansion through mergers and acquisitions with companies such as Indal and Birla Copper. Hindalco also secured copper reserves and expanded its operating base by acquiring the Australian Nifty and Mt. Gordon copper mines. Over the years, Hindalco has grown into the largest vertically integrated aluminium company in the country and among the largest primary producers of aluminium in Asia. Its copper smelter is today the world's largest custom smelter at a single location. In 2007, the landmark acquisition of Novelis Inc., the world's largest aluminium rolling company, placed Hindalco firmly on the world map, securing its rank in the top five global aluminium majors and enlisting it in the Fortune 500 companies.
MANAGEMENT
Dr. Kumar
HINDALCO INDUSTRIES LTD
14 December, 2011 | PROJECT B : SCOPE ANALYSIS |
Hindalco Industries Limited
Hindalco Industries Limited is the flagship company of the Aditya Birla Group. A metals giant with a consolidated turnover of Rs. 72,078 crores (US$ 15.85 billion), Hindalco is the world’s largest aluminium rolling company and one of the biggest producers of primary aluminium in Asia. Its Copper smelter is the world’s largest custom smelter at a single location. Figure 1 shows the various companies owned by Hindalco.
Figure 1: Companies under Hindalco Industries [20]
HISTORY
Hindalco was incorporated in 1958. In 1962, the late Mr. G.D. Birla set up India's first integrated aluminium facility at Renukoot, in the eastern fringe of Uttar Pradesh, India. It was supported by a captive thermal power plant at Renusagar in 1967. Hindalco ascended to its leadership position in the aluminium industry under the guidance of the late Mr. Aditya Birla. Mr. Kumar Mangalam Birla, the Group Chairman, took over the mantle next. It was his vision that resulted in the consolidation of the business segments of aluminium and copper to make Hindalco the non-ferrous metals juggernaut that it is today. This was achieved partly by expansion through mergers and acquisitions with companies such as Indal and Birla Copper. Hindalco also secured copper reserves and expanded its operating base by acquiring the Australian Nifty and Mt. Gordon copper mines. Over the years, Hindalco has grown into the largest vertically integrated aluminium company in the country and among the largest primary producers of aluminium in Asia. Its copper smelter is today the world's largest custom smelter at a single location. In 2007, the landmark acquisition of Novelis Inc., the world's largest aluminium rolling company, placed Hindalco firmly on the world map, securing its rank in the top five global aluminium majors and enlisting it in the Fortune 500 companies.
MANAGEMENT
Dr. Kumar