Home > News > India

Hindalco Industries Business Outlook and expansion plans

Thursday, Oct 19, 2006
点击:

Hindalco Industries Ltd has announced the following Outlook:

Expansion Projects:

Muri: The brownfield expansion from 110,000 TPA to 450,000 TPA, at Muri Alumina Refinery is in its final stages of completion, and is expected to be commissioned by the first quarter of next fiscal.

Hirakud: The commissioning of Phase I (65,000 TPA to 100,000 TPA) of the expansion of Aluminium capacity has begun before time. Ten pots were energized on September 28, and the ramp up is underway. A total of 150 pots will be commissioned by the year end, ahead of schedule.

Phase II of the project, which entails raising capacity from 100,000 TPA to 143,000 TPA is moving smoothly and is slated for commissioning on schedule.

Belgaum: For the expansion of Alumina Refining capacity at Belgaum, Karnataka from 350,000 TPA to 650,000 TPA the leases for bauxite mining are yet to be allotted.

Utkal: Notwithstanding inclement weather, work at the site of the 1.5 million TPA greenfield Alumina Refinery project in Orissa is on track. Preparation of pile foundation and plant infrastructure is on track. Land acquisition is complete and detailed engineering has commenced.

Aditya Aluminium: The greenfield integrated 1.5 million TPA Alumina Refining and 325,000 TPA Aluminium smelting project in Orissa is on course. The project has received approval for SEZ status for the Smelter. The bauxite mining plan has been approved by the Indian Bureau of Mines, Bhubaneswar. Land acquisition and the R&R packages are progressing well.

Bargawan: The Company has signed an MoU with the Government of Madhya Pradesh, for setting up a 325,000 TPA Aluminium smelter and a 750 MW Power Plant at Bargawan, Sidhi District, Madhya Pradesh. This project has been granted SEZ status as well.

Mahan Coal block has been allotted to the Essar-Hindalco JV entity- Mahan Coal Company Ltd. The key management personnel are being located here. Permissions have been obtained for additional drilling for assessment of coal reserves and the formulation of a mine plan. The Topographical Survey for contour mapping, identification of villages, number of houses and households, roads, mapping of land records etc has begun.

The Topographical Survey has been completed for Smelter. Applications for acquisition of appx. 5,000 acres of land shall be filed by next month. The project has received concurrence approval for sourcing 45 Cusecs of water p.a. from the nearby Gopad River.

Jharkhand: The Company had signed an MoU in 2005 with the Government of Jharkhand for a 325,000 TPA aluminium smelter and a 750 MW power plant. The Company is awaiting allotment of a coal block in line with the terms of the MoU.

Selection of land has been finalized. An application for the acquisition of 5,322 acres of land was submitted to JIIDCO in July?6. Applications for water, construction power and other necessary infrastructure are being put up.

Industry Outlook:

Aluminium:

Global primary aluminium consumption has witnessed strong demand growth of 7% in the April-September 2006 period.

US aluminium consumption growth is expected to slowdown with higher interest rates and weaker construction activity in the residential segment. Demand from Western Europe has been relatively stronger, while that from Japan continued to be unexciting. China remains the strongest driver of the demand for the metal with semis capacity mushrooming in the country. However as a fallout of the rapid development in semi-fabrication capacity in China of Primary Aluminium consumption in the East & South East Asian region may be impacted.

Copper:

Copper prices continued to be underpinned by extremely tight physical supply. Disruptions at mines and low inventories situation have made most forecasts redundant. Concerns about slowing Chinese demand are abating as indicated by the narrowing discount on SHFE vis-a-vis LME prices.

Increasing smelting output with addition of fresh capacities placed severe dem

Recommended exhibitions

16TH ARAB INTERNATIONAL ALUMINIUM CONFERENCE
  ARABAL, which is being organized and hosted by Qatalum, is the premier trade event for the Middle East's aluminium i......
Aluminium 2012
  ALUMINIUM is the leading B2B platform in the world for the aluminium industry and its main applications. This is whe......
The 4th edition of Zak Aluminum Extrusions Expo
 Date

  14th - 16th December 2012

  Venue

  Pragati Maidan,

  New Delhi,India.

  Exhibition Timings

 ......
ALUMINIUM DUBAI 2011
Name:ALUMINIUM DUBAI 2011
Time:2011-5-9 to 2011-5-11
Place:Dubai International Convention & Exhibition Centre, Dubai, UAE......