Hindalco Industries Ltd
NSE: HINDALCO BSE: 500440
₹935.80
+20.05 (2.19%)
Fri, 06 Nov 2026, 02:18 pm
Market Cap (in Cr)204947.06
PE Ratio12.70
Dividend0.55
Non-Energy Minerals
Other Metals/Minerals
24.5KHindalco Industries Ltd Company History
1958
- Incorporated on 15th December in Mumbai to manufacture alumina, aluminium and fabricated items.
- Formed by Birlas in collaboration with Kaiser Organisation of U.S.A.; allotted 4,80,000 equity shares to Kaiser.
- Entered technical agreements with Kaiser Aluminium Technical Services Inc. for 20 years.
- Entered agreements with Henry J. Kaiser Company and Kaiser Engineers for plant construction.
1960
- Issued 2,50,000 preference and 58,50,000 equity shares; allotments to Kaiser and others.
1961
- Altered rate of dividend on preference shares.
- Annulled forfeiture on 2,250 equity shares.
1962
- Forfeited 10,750 equity shares and 300 preference shares.
1964
- Set up Properzi mill for redraw rods (6,000 TPA).
1965
- Installed extrusion press (2,000 TPA) and rolling mill (7,000 TPA); total fabrication capacity 15,000 TPA.
- Achieved annual licensed primary metal capacity of 60,000 tonnes.
1967
- Commissioned second Properzi mill; fabrication capacity to 37,000 TPA.
1968
- Erected two more extrusion presses and additional rolling mill facilities.
- Issued 1,00,000 9.3% preference shares.
1972
- Issued 20,07,973 bonus equity shares in 1:4 proportion.
1976
- Total installed metal capacity rose to 95,000 TPA.
1977
- Revalued plant and machinery; surplus Rs 61,71,60,821 to capital reserves.
1981
- Revalued land, buildings, plant and machinery; surplus Rs 83,97,23,344 to capital reserve.
1982
- Issued 33,46,622 bonus equity shares in 1:3 proportion.
1984
- Issued secured non-convertible debentures for Rs 17.50 crores.
1985
- Kaiser Aluminium & Chemical Corporation held 26.69% equity.
1986
- Installed gas suspension calciner in alumina plant.
- Finalised agreement for double digestion system.
- Received licence to enhance aluminium capacity to 150,000 TPA.
- Acquired subsidiaries including Minerals and Minerals Ltd.
- Issued 40,00,000 15% non-convertible debentures for Rs 40 crores.
- Kaiser Group decided to divest holdings.
1987
- Implemented double digestion system in alumina plant.
- Commissioned microprocessor controls on 20 pots.
- Submitted application to increase smelting capacity by 100,000 TPA.
- Entered agreement with PICUP for 5,000 TPA aluminium foil unit at Jagdishpur.
1988
- Kaiser Group disinvested all equity shares.
- Installed and commissioned Conform extrusion machine.
- Issued 14% non-convertible debentures for Rs 45 crores on rights basis.
- Issued 44,62,622 bonus equity shares in 1:3 proportion; increased preference share interest to 15%.
1989
- Commissioned 60 pot line, increasing aluminium capacity to 135,000 TPA.
- Undertook new cold rolling installation for 40,000 TPA rolled products.
- Changed name to Hindalco Industries Ltd.
1990
- Issued 53,54,595 12.5% partly convertible debentures on rights basis.
- Converted Part-A of debentures into 63,81,234 equity shares.
- Issued 145,37,930 bonus shares in 3:5 proportion.
1991
- Issued 40,00,000 17.5% redeemable non-convertible debentures on private placement.
1992
- Merged Renusagar Power Co. Ltd.
- Revalued assets as on 1st April.
- Renusagar issued 6,50,000 18% debentures.
1993
- Proposed smelting expansion to 210,000 TPA, alumina to 450,000 TPA, power units, ingot casting.
- Participated in equity of Birla International Ltd.; joint ventures including Birla Capital International AMC, Rajashree Polyfil.
- Issued 25,00,000 17% debentures on private placement.
- Issued 44,73,000 GDRs.
1994
- Proposed smelting expansion to 242,000 TPA, alumina to 450,000 TPA, power at Renusagar to 500 MW, 5,000 TPA foil plant.
- Issued second GDR issue of 41,66,666 receipts.
1995
- Increased smelting capacity to 210,000 MTPA with 7th potline.
- Modernised hot and cold rolling mills; rolled products capacity to 80,000 MTPA.
- Allotted 4,67,900 equity shares on warrant exercise; 16,37,950 on GDR conversion.
1996
- Commissioned 75 MW power turbine, total capacity to 425 MW.
- Proposed to acquire additional bauxite mines in M.P.
- Upgraded extrusion facilities; commissioned hot and cold rolling mills, vertical ingot casting, scalper, soaking pits, slitting line; rolled products capacity to 80,000 TPA.
- Received special export award from Chemical & Allied Products Export Promotion Council.
- Issued 24,827,990 bonus shares in 1:2 proportion.
1997
- Completed Extrusion Press No. 3, increasing extrusion capacity to 13,700 MTPA.
- Foil plant at Silvassa commissioned in February 1998.
- Signed MoU with Orissa Mining Corporation for Aditya Aluminium complex.
- Signed technical collaboration with Stahlschmidt & Maiworm GmbH for alloy wheel plant.
1998
- Commissioned 5,000 TPA aluminium foil unit at Silvassa.
- Commissioned potline.
- Announced acquisition of 51% stake in India Foils Ltd.
1999
- Planned to commission aluminium alloy wheel plant at Silvassa.
- Acquired 18,38,900 shares of Nalco.
- Setting up 100,000 TPA brownfield smelting project at Renukoot.
2000
- Acquired 74.6% stake in Indian Aluminium Co. (Indal) from Alcan.
- Proposed to buy 10% stake in Bihar Caustic & Chemicals from Grasim.
2002
- Embarked on brownfield expansion at Renukoot: smelter to 342,000 MTPA, alumina to 660,000 MTPA, power to 769 MW.
- Launched branded foils 'Hindalco Wrap'; launched 'Aura' aluminium wheels.
- Integrated Indal marketing division.
- Board approved share buyback (later discontinued).
- Received FICCI-SEDF Social Responsiveness Award.
- Birlas increased stake to 22.8%; acquired 4% in Nalco.
- Made open offer for 25.5% in Indal (stalled by SEBI).
- Temporarily shut Gurdari mines.
2003
- Commissioned 11th potline.
- Acquired Nifty Copper Mine and Mount Gordon copper mine in Australia.
- Merged Copper Business of Indo Gulf Corporation; amalgamated with Indo Gulf Fertilisers.
- Divested stake in Mangalore Refineries to ONGC; divested entire stake in Indo Gulf Fertilisers.
- Acquired stakes in Bihar Caustic & Chemicals, Indian Rayon, Grasim.
- Appointed D Bhattacharya as Managing Director.
2004
- Delisted equity shares from Delhi, Madras Stock Exchanges.
- Appointed Sanjeeb Chatterjee as Company Secretary.
- Expanded copper smelter capacity.
- Birla Copper acquired two mines in Australia.
- Signed agreements with ST Telemedia & TM International for Idea Cellular stake, Orissa Govt for aluminium complex, UAE Foodco.
2005
- Split face value of shares from Rs 10 to Re 1.
- Issued rights shares in ratio 1:4.
2006
- Entered JV with ALMEX USA for high strength aluminium alloys.
- Awarded Greentech Safety Silver Award.
2007
- Acquired Novelis Inc., becoming world's largest aluminium rolling company.
- Received CII National Award for Excellence in Water Management.
2008
- Issued rights shares in ratio 3:7 at Rs 95 premium.
2009
- Decided to cut overseas operations; Novelis closed sheet mill in UK.
2010
- Ranked ninth on Forbes Asia's Fab 50 list.
- Won Golden Peacock Award for Corporate Social Responsibility.
- Won Amity Corporate Excellence Award for Corporate Social Responsibility.
- Entered agreement with Coal India for coal supplies to Renukoot.
- Utkal Alumina tied up Rs 4,906 crore debt.
- Utkal Alumina setting up 1.5 mtpa refinery in Odisha.
- Novelis announced pricing of $2.5 billion senior unsecured notes.
2011
- Setting up Mahan Greenfield Aluminium Smelter (359,000 TPA) and 900 MW captive power plant in Madhya Pradesh.
- Received government approval for forest clearance in Odisha Rayagada for alumina refinery project.
2012
- Expected to commence 1.5 mtpa alumina refinery in Odisha by January 2013.
- Achieved financial closure for Rs 9,896 crore debt for greenfield smelter at Lapanga, Odisha.
2013
- Acquired alumina refinery and bauxite mines from Novelis.
2015
- Hirakud received Greentech CSR Silver Award 2014 for sustainable livelihood initiatives.
- Hirakud Smelter received CII Eastern Region Quality Award 2014-15 Certificate of Appreciation.
2016
- Awarded Top Exporter Gold Trophy by EEPC for FY 2013-14.
2017
- Received National Gold Award for Manufacturing Competitiveness (NAMC) 2016.
2018
- Won Gold Award in Metals Sector, Mega Large Business category at Frost & Sullivan’s India Manufacturing Excellence Awards.
- Received CSR Times Award for Sustainable Livelihood project.
2019
- Launched Kosa Silk Reeling Training Centre to empower tribal communities in Gare Palma.
- Launched 100% recyclable aluminium-foil-laminated jute bags at Tirupati temple.
- Launched India’s first All-Aluminium Freight Trailer.
2020
- Received India CSR Award in women empowerment category.
- Recognised as ‘Excellent Energy Efficient Unit’ at CII National Award for Excellence in Energy Management.
2021
- Won 'Sustainable Corporate of the Year Award - 1st Runner up' by Frost & Sullivan and TERI Sustainability 4.0 Awards.
- Won Warehouse and Logistics Excellence Award in manufacturing category from Quantic.
2022
- Acquired Hydro’s Aluminium Extrusions Business in Andhra Pradesh.
- Signed MoU with Phinergy and IOC Phinergy.
2023
- Entered strategic alliance with Texmaco to manufacture aluminium rail wagons and coaches.
- Partnered with Italian company Metra to manufacture high-precision extruded products for high-speed aluminium rail coaches.
- Inked MoU with Odisha Mining Corporation for industrial growth.
2024
- Secured Meenakshi Coal Mine allocation.
- Ranked as world’s most sustainable aluminium company for 5th consecutive year.
