- Hindalco Industries
Infobox Company
company_name = Hindalco Industries Ltd
company_
company_type = Public
foundation = 1962
location =
key_people = flagicon|INDKumar Mangalam Birla (Chairman)
industry = Metals
products = Aluminium and Copper
revenue =$ 14.8 Billion orRs 60,013 crore (FY 2008 including Novelis) [ [http://www.hindalco.com:80/investors/downloads/Hindalco-Novelis_Analyst_Presentation_FY2008.pdf Hindalco Novelis Analyst Presentation FY2008] ]
operating_income =
net_income =
num_employees = 13,675
parent =Aditya Birla Group
subsid =
homepage = [http://www.hindalco.com www.hindalco.com]
footnotes =situation=renukoot(uttar pradesh)Hindalco Industries is
India 's largest Aluminium manufacturing Company and is a subsidiary of theAditya Birla Group . It is run by one of the world's youngest billionaires, Mr. K.M. Birla.Financial information
The company has annual sales of $ 5 billion and employs 13,675 people and is listed on
Forbes 2000 . A metals powerhouse with a turnover of US$ 14 billion, Hindalco is the world's largest aluminium rolling company and one of the biggest producers of primary aluminium in Asia.Novelis takeover
On February 11, 2007, the company entered into an agreement to acquire the
Canadian companyNovelis for U$6 billion, making the combined entity the world's largest rolled-aluminium producer. On May 15, 2007, the acquisition was completed with Novelis shareholders receiving $44.93 per outstanding share of common stock.Hindalco, through its wholly-owned subsidiary AV Metals Inc., acquired 75,415,536 common shares of Novelis, representing 100 percent of the issued and outstanding common shares. Immediately after closing, AV Metals Inc. transferred the common shares of Novelis to its wholly-owned subsidiary AV Aluminum Inc.
Other acquisitions and takeovers
In July 2007, Hindalco announced it is acquiring the stake of
Alcan Inc.'s in the Utkal Alumina Project located in Orissa.Forbes ranking
Hindalco is listed on the
Forbes Global 2000 at the position 1821 [http://www.forbes.com/lists/2006/18/06f2000_The-Forbes-2000_Counrty_5.html] .References
External links
* [http://www.hindalco.com Official site]
Wikimedia Foundation. 2010.
