Hindalco Industries
Indian aluminium and copper producer and a major global supplier of rolled aluminium through Novelis.
Last updated October 16, 2026
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Overview
Hindalco Industries Limited is an Indian metals company headquartered in Mumbai and a member of the Aditya Birla Group. Its principal businesses are aluminium and copper, spanning raw-material processing, alumina refining, aluminium smelting, rolled products, recycling, and downstream metal solutions. The company serves industrial customers in sectors including packaging, transportation, construction, electrical equipment, consumer products, and aerospace. The business was established in 1958 as Hindustan Aluminium Corporation Limited. Production began at Renukoot in Uttar Pradesh in 1962, initially with annual capacity of approximately 20,000 metric tons of aluminium and 40,000 metric tons of alumina. The company was reorganized and renamed Hindalco in 1989. Its Indian operating footprint subsequently expanded through additional mining, refining, smelting, fabrication, and captive-power assets. These include the Renusagar, Hirakud, Utkal Alumina, Aditya, and Mahan power facilities, which support energy-intensive aluminium operations. Hindalco strengthened its domestic position through the 2000 acquisition of a controlling interest in Indian Aluminium Company Limited, commonly known as Indal. It also developed interests in the Utkal Alumina project in Odisha. The company’s most consequential international step was the 2007 acquisition of Novelis, a major producer of rolled aluminium and recycled aluminium products. The transaction made the combined group one of the world’s largest rolled-aluminium producers and gave Hindalco a substantial presence in North America, Europe, and other international markets. Novelis continues to operate as a separately managed subsidiary headquartered in Atlanta, Georgia. Through Novelis, Hindalco expanded into higher-value rolled products and recycling, including aluminium beverage-can sheet, automotive materials, packaging foil stock, and aerospace-related products. Novelis’s acquisition of Aleris in 2020 further broadened the group’s capabilities in rolled aluminium and strengthened its position in transportation and aerospace applications. Hindalco also remains a significant Indian producer of primary aluminium, alumina, and copper. Its integrated model connects captive power and raw-material processing with smelting and downstream manufacturing. The group has increasingly emphasized renewable electricity, resource efficiency, recycling, and lower-carbon production. In 2024 it announced an investment in Ayana Renewable Power Four to support renewable power supply for an Odisha smelter. In 2026, the company signed a memorandum of understanding with Embraer to examine potential sources of aerospace-grade aluminium manufacturing in India; the agreement was exploratory rather than a confirmed production launch. Hindalco is listed on the Bombay Stock Exchange and the National Stock Exchange of India, with global depositary receipts historically listed in Luxembourg. It is controlled by the Aditya Birla Group and is positioned as an integrated, globally diversified aluminium and copper producer rather than solely as a commodity smelter.
History
Hindalco was established in 1958 by the Aditya Birla Group under the name Hindustan Aluminium Corporation Limited. The company began commercial production at Renukoot in Uttar Pradesh in 1962, producing alumina and aluminium at an initial annual capacity of approximately 40,000 metric tons of alumina and 20,000 metric tons of aluminium. Renukoot became the foundation of Hindalco’s integrated Indian aluminium business. In 1989, the company was reorganized and adopted the Hindalco name. During the following decades it broadened its Indian asset base through mining, alumina refining, aluminium smelting, downstream processing, and dedicated power generation. Its captive-power network includes facilities associated with Renukoot, Hirakud, Utkal Alumina, Aditya, and Mahan. These assets were developed to support the substantial electricity requirements of alumina refining and aluminium smelting. Hindalco entered a major phase of domestic consolidation in June 2000 when it acquired a controlling 74.6% interest in Indian Aluminium Company Limited, or Indal. The transaction strengthened Hindalco’s position across India’s aluminium value chain. In 2007 the company also announced plans to acquire Alcan’s interest in the Utkal Alumina project in Odisha, adding to its refining and raw-material platform. The defining international event in Hindalco’s history was its agreement in February 2007 to acquire Novelis for approximately US$6 billion. The transaction closed in May of that year and was structured through Hindalco subsidiaries that acquired all outstanding Novelis common shares. Novelis was already a leading global producer of rolled aluminium and a major recycler of used aluminium beverage cans. Its integration made the combined group one of the largest rolled-aluminium producers in the world and represented one of the largest overseas investments by an Indian company at that time. Hindalco’s share price fell sharply immediately after the announcement as investors questioned the purchase price, while the group defended the premium as necessary to acquire a global market leader. Novelis retained its own leadership and remained headquartered in Atlanta, Georgia, while operating as a wholly owned subsidiary. Its international network gave Hindalco substantial exposure to customers outside India and shifted the group toward higher-value, downstream products. Novelis’s 2020 acquisition of Aleris expanded its capabilities in aerospace, automotive, and other rolled-aluminium markets at an enterprise value reported in the reference material as US$2.8 billion. In the 2020s, Hindalco continued investing in operating integration, downstream products, recycling, and lower-carbon electricity. In 2024 it announced a 26% investment in Ayana Renewable Power Four, intended to support 100 MW of renewable power for an Odisha smelter. In February 2026 it signed an exploratory memorandum with Embraer concerning possible aerospace-grade aluminium manufacturing in India. Hindalco remains an Aditya Birla Group company with listed shares in India and an international operating profile anchored by Novelis.
- 2026
Exploration of aerospace-grade aluminium
[1]Hindalco and Embraer signed an MoU to assess potential aerospace-grade aluminium manufacturing in India.
- 2024
Renewable-power investment announced
[1]Hindalco announced a 26% investment in Ayana Renewable Power Four to support renewable power for an Odisha smelter.
- 2020
Aleris acquired by Novelis
[1]Novelis completed its acquisition of Aleris, extending the group’s presence in aerospace and automotive rolled aluminium.
- 2007
Novelis acquisition completed
[1]Hindalco completed its approximately US$6 billion acquisition of Novelis, establishing a major global rolled-aluminium platform.
- 2000
Controlling stake acquired in Indal
[1]Hindalco acquired a 74.6% controlling interest in Indian Aluminium Company Limited.
- 1989
Renamed Hindalco
[1]The company was restructured and adopted the Hindalco name.
- 1962
Renukoot production begins
[1]The company began producing alumina and aluminium at Renukoot in Uttar Pradesh.
- 1958
Company established
[1]The Aditya Birla Group established Hindustan Aluminium Corporation Limited, the predecessor of Hindalco Industries.
Products and positioning
An integrated Indian aluminium and copper producer with a global downstream platform through Novelis, combining primary-metal production, rolled products, recycling, and industrial materials.
Aluminium
Primary aluminium
Hindalco produces primary aluminium through an integrated Indian network covering alumina refining, smelting, captive power, and downstream processing. The metal serves industrial markets such as transportation, construction, electrical equipment, packaging, and consumer products.
Aluminium raw materials
Alumina
Alumina is produced as an intermediate material for aluminium smelting and is a central part of Hindalco’s integrated value chain. The company’s refining operations include the Utkal Alumina platform in Odisha and other facilities linked to its Indian production system.
Downstream aluminium · 2007
Rolled aluminium products
Through Novelis, Hindalco supplies rolled aluminium sheet, plate, and related materials for beverage cans, food and pharmaceutical packaging, automobiles, construction, industrial equipment, and aerospace. The portfolio emphasizes formed, coated, and application-specific products rather than only commodity metal.
Recycling
Recycled aluminium
Novelis operates large-scale aluminium recycling activities, including recovery and remelting of used beverage cans and other aluminium scrap. Recycling is strategically important because it reduces the energy intensity and environmental footprint associated with producing aluminium from primary raw materials.
Copper
Copper products
Hindalco’s copper business includes copper production and downstream products serving electrical, industrial, infrastructure, and manufacturing customers. Copper complements the company’s aluminium operations and gives the group a second major non-ferrous-metals platform.
Brand decisions
2026
Explore aerospace-grade aluminium manufacturingStrategyBackground
Hindalco and Embraer explored the possibility of developing aerospace-grade aluminium sources and manufacturing capabilities in India.
Action taken
The companies signed a memorandum of understanding to assess potential opportunities.
Aftermath
The MoU established an exploratory framework; the reference material does not confirm a final investment or commercial production decision.
2024
Invest in renewable captive powerStrategyBackground
Aluminium smelting requires substantial electricity, and Hindalco sought to increase renewable power available to its Odisha operations.
Action taken
Hindalco announced the acquisition of a 26% interest in Ayana Renewable Power Four.
Aftermath
The investment was intended to support 100 MW of renewable electricity for a Hindalco smelter in Odisha.
Investment value. Rs 1.62 crore (2024 announcement)
2020
Novelis acquires AlerisM&ABackground
Novelis pursued additional scale and capabilities in rolled aluminium, particularly in aerospace, automotive, and other high-value transportation applications.
Action taken
Novelis completed the acquisition of Aleris Corporation.
Aftermath
The transaction broadened Hindalco’s downstream portfolio and strengthened Novelis’s position in high-end rolled products.
Enterprise value. US$2.8 billion (2020)
2007
Acquire NovelisM&ABackground
Hindalco sought to build a global downstream aluminium business and acquire Novelis, then a leading producer of rolled aluminium and recycler of aluminium cans.
Action taken
Hindalco agreed to acquire Novelis for approximately US$6 billion and completed the transaction in May 2007 through wholly owned subsidiaries.
Aftermath
The transaction created one of the world’s largest rolled-aluminium producers and expanded Hindalco’s international customer and manufacturing base. Hindalco’s shares initially declined after the announcement amid investor concerns about valuation.
Acquisition value. Approximately US$6 billion transaction (2007)
Recent events
Hindalco subsidiary completes acquisition of Ryker Base shares[2]
Reported:
Hindalco Industries said its wholly owned subsidiary Renuka Investments and Finance completed the acquisition of 5,20,20,000 equity shares of Ryker Base for Rs 167.54 crore. Ryker Base became a wholly owned subsidiary of Renuka Investments and Finance.
Hindalco Industries acquires Ryker Base[3]
Reported:
Hindalco Industries acquired Ryker Base for an enterprise value of Rs 323 crore; the deal was described as strengthening Hindalco's copper rod capacity.
Hindalco completes acquisition of Aleris[4]
Reported:
Hindalco announced completion of its acquisition of Aleris for an enterprise value of $2.8 billion. The acquisition was made via Hindalco's wholly owned subsidiary Novelis.
Sources12 sources
- 1Hindalco Industriesen.wikipedia.org
- 2Hindalco子公司完成收购Ryker Base股份outlookindia.com
- 3Hindalco Industries收购Ryker Basebusiness-standard.com
- 4Hindalco完成收购Alerisfinancialexpress.com
- 5诺贝丽斯宣布成功完成收购爱励铝业finance.sina.com.cn
- 6诺贝丽斯宣布成功完成收购爱励铝业prnasia.com
- 7Hindalco acquires Aleristhehindubusinessline.com
- 8Hindalco announces acquisition of Ryker Basebusiness-standard.com
- 9Hindalco Novelis completes acquisition of Aleris, deal closed at $2.8 billionbusiness-standard.com
- 10Hindalco unit Novelis acquires US-based Aleris Corp in $2.8 billion deal- Moneycontrol.commoneycontrol.com
- 11Hindalco-Novelis Completes Acquisition of Alerisequitybulls.com
- 12Novelis Acquires Fellow Rolled Aluminum Supplier Aleris for $2.8 Billionthomasnet.com
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