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Topic: Hindalco Industries

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	Hindalco \| legal disclaimer
		Hindalco does not represent or warrant that the functions contained in the site will be uninterrupted or error free, that defects will be corrected or that the site or the server that makes the site available are free of viruses or other harmful components.
		Hindalco is not responsible for any special, indirect, incidental or consequential damages that may arise from the use of or the inability to use, the site and/or the materials contained on the site irrespective of whether the materials contained on the site are provided by Hindalco.
		Hindalco is not responsible for the content of any such external hyperlinks and references to any external links should not be construed as an endorsement of the links or their content.
	www.hindalco.com /legal_disclaimer.htm (629 words)

	ICICI direct.com :: Pick of the Week (Site not responding. Last check: 2007-09-10)
		Hindalco is expected to reap the benefits of turnaround in copper business along with accelerated profitability from aluminium division on the back of firm prices and volume expansion.
		Hindalco is expanding its Hirakut smelter from 65,000 tpa to 143,000 tpa and power capacity from 167.5 MW to 367.5 MW.
		Hindalco's cost competitiveness is mainly because of its integrated nature of operations and strategic control over key inputs such as access to bauxite reserves, coal and captive power generation.
	www.icicidirect.com /PickofWeek.asp?id=310 (1169 words)

	Aditya Birla \| media \| Hindalco: Building a global metals powerhouse
		But on the sixth floor in Industry House, the nerve-centre of India’s third-largest conglomerate, the Aditya Birla group, the lights are still on and Debu Bhattacharya is poring intensely over complex figures given to him by his subordinates.
		Hindalco is mainly in the aluminium and copper businesses with a small presence in gold and silver.
		Another important facet of Hindalco which I want to highlight is its strong commitment to community development — we believe in being responsible corporate citizens and making a qualitative difference to the lives of the weaker sections of society who live in proximity to our plants.
	www.adityabirla.com /media/press_reports/200401_global_metals.htm (3637 words)

	Moneycontrol India :: News :: Hold Hindalco: Khandwala Research :: Hindalco Industries :: Recommendations :: Hindalco ...
		Hindalco is acquiring Novelis in an all-cash transaction, which values Novelis at enterprise value of approximately $6.0 billion, including approximately $2.4 billion of debt.
		Hindalco’s greenfield expansion will give it primary aluminium capacity of approximately 1 million tonne, but this will take a minimum 3-4 years to all the capacities to come into operation.
		04-06 Is the hostile takeover of Hindalco unth...
	news.moneycontrol.com /india/news/recommendations/hindalcoindustrieskhandwalaresearch/holdhindalcokha/market/stocks/article/267151 (766 words)

	domain-B : Indian business : companies : Hindalco acquires Novelis for $6-billion
		Hindalco and Novelis have signed a definitive agreement for the acquisition, which values Novelis at around $6 billion.
		Announcing the acquisition by Hindalco in an all-cash deal, group chairman Kumar Mangalam Birla said the deal, which is expected to close in the second quarter of 2007, would double Hindalco`s turnover immediately.
		Hindalco is expected to raise around $2.8 billion in debt to finance the transaction besides $450 million from its own internal resources and $300 million from a group company.
	www.domain-b.com /companies/companies_h/hindalco/20070212_acquires.html (734 words)

	Hindalco \| Media \| Features \| Commitment to Global Compact
		Hindalco is a member of the Global Compact, an international forum that operates under the aegis of the United Nations.
		Hindalco ascribes to the human rights policy of the United Nations and Global Compact.
		It has a comprehensive policy and a code of conduct which is binding on all employees who must sign it on their induction in to the company.
	www.hindalco.net /media/features/global_compact.htm (1136 words)

	Politics trips Hindalco Industries' mega-greenfield project in Orissa (Site not responding. Last check: 2007-09-10)
		Arijit De Mumbai, June 30: Hindalco Industries' Aditya Aluminium project on Wednesday became the second mega-greenfield venture in Orissa, along with Tata Steel's integrated unit at Gopalpur, to fall by the wayside in the last 18 months.
		Hindalco insiders, under condition of anonymity, said that in the two yearssince the project was announced, the company has not been alloted ``even an inch of land'' by the state government.
		Hindalco's president A Agrawala had earlier told this paper that the proposed debt-equity ratio for the project was 0.9:1, and that the cost of production of a tonne of aluminium would have been 15 per cent lower than at the existing smelter in Renukoot, Uttar Pradesh, of around $1,000 a tonne.
	www.expressindia.com /fe/daily/19990701/fco01041.html (645 words)

	Hindalco Industries And Novelis Announce An Agreement \| Huliq: Breaking News
		Based in Mumbai, India, Hindalco is a leader in Asia's aluminum and copper industries, and is the flagship company of the Aditya Birla Group, a $12 billion multinational conglomerate, with a market capitalization in excess of $20 billion.
		Following the transaction, Hindalco, with Novelis, will be the world's largest aluminum rolling company, one of the biggest producers of primary aluminum in Asia, and India's leading copper producer.
		Hindalco's position as one of the lowest cost producers of primary aluminum in the world is leverageable into becoming a globally strong player.
	www.huliq.com /10613/hindalco-industries-and-novelis-announce-an-agreement (506 words)

	E Canada Now - Breaking News » Aditya Birla Group’s Hindalco Industries to acquire Novelis (Site not responding. Last check: 2007-09-10)
		Following the transaction, Hindalco with Novelis is expected to be the world’s largest aluminium rolling company, one of the biggest producers of primary aluminium in Asia and India’s leading copper producer, a statement said.
		Hindalco is a leader in Asia’s aluminium and copper industries, and is the flagship company of the Aditya Birla Group, a 12 billion- dollar multinational conglomerate, with a market capitalization in excess of 20 billion dollars.
		Hindalco which is currently structured in two strategic businesses, aluminium and copper, recorded a revenue of 2.6 billion dollars in 2006.
	www.ecanadanow.com /business/2007/02/11/aditya-birla-groups-hindalco-industries-to-acquire-novelis (462 words)

	BBC NEWS \| Business \| India aluminium firm buys Novelis
		Hindalco boss Kumar Birla says the firm is now a global player
		The deal values Novelis at $3.5bn, as Hindalco is also paying off the North American firm's $2.4bn debt.
		Hindalco's shares were down 9% in Monday trading following the announcement.
	news.bbc.co.uk /2/hi/business/6352991.stm (199 words)

	Hindalco Industries-building a platform for growth (Site not responding. Last check: 2007-09-10)
		Hindalco’s acquisition of Alcan’s stake in Indian Aluminium Company Ltd (Indal) marks another round of consolidation in the Indian aluminium sector.
		Currently Hindalco’s operating margin are in the region of 45.6% whereas the operating margins of Indal are just 18.2%.
		Hindalco is completely integrated producer from bauxite mining to alumina refining to smelting.
	www.indiainfoline.com /nevi/hind.html (1012 words)

	Tax Planning International Review - India/United States (Site not responding. Last check: 2007-09-10)
		Hindalco Industries Limited, an Indian company, entered into an agreement with Reynolds International Inc. (RII), USA, for the acquisition of know-how, process technology and technical assistance to enable Hindalco and its consultants to design, construct and operate a plant to manufacture aluminum foil.
		Hindalco also concluded a technical assistance agreement with Reynolds (Europe) Limited (REL), USA, under which it paid USD 50,000 each quarter as technical service fees and USD 12,500 each quarter as basic fees for the training of Hindalco's employees at REL's facilities or the facilities of REL's affiliates outside India.
		Hindalco also referred to other articles in the treaty that use the term "physical property" to support the proposition that "property" is broader than "physical property", and that "property" should encompass intangibles such as know-how, which would then fall under the exclusion in Article 12(5)(a).
	subscript.bna.com /samples/tpr.nsf/125731d8816a84d385256297005f336a/167f8219cf673a4c852570c9006af028?OpenDocument (1316 words)

	Indian company Hindalco acquire 54 % stake in Alcan’s Indal
		Hindalco Industries Limited acquired 54.62 per cent equity in Indian Aluminium Company (Indal) from Canada's Alcan Aluminium at Rs 190 per share.
		Hindalco is to pay Alcan Rs 190 per share for 38.8 million shares.
		Hindalco's aluminium smelter capacity is 242 thousand tonnes per annum and Indal has a capacity of 43,000 tonnes of aluminium and downstream products.
	www.suite101.com /article.cfm/business_in_india/37636 (344 words)

	Al Jazeera English - Business - India's Hindalco To Buy Novelis
		India's largest aluminium producer, Hindalco Industries, has said it is buying the Canadian firm Novelis for $6 billion.
		Hindalco is the flagship company of the Indian conglomerate, the Aditya Birla Group with interests in cement, metals, telecommunication and textiles.
		Hindalco's managing director Debu Bhattacharya said Hindalco would have taken a decade to build the assets that Novelis possessed.
	english.aljazeera.net /NR/exeres/6EE758A3-FCED-4D9C-BDF1-7597882D1EB6.htm (309 words)

	Novelis Inc. :: Hindalco Industries Completes Acquisition of Novelis Inc.
		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.
		Hindalco Industries Limited is Asia's largest integrated primary producer of aluminum and a leading integrated producer of copper.
		Hindalco's stock is publicly traded on the Bombay Stock Exchange, the National Stock Exchange of India Limited and the Luxembourg Stock Exchange.
	sev.prnewswire.com /mining-metals/20070515/CLTU06815052007-1.html (834 words)

	Hindalco Industries set to trim exposure in US-64 (Site not responding. Last check: 2007-09-10)
		Abhinaba Das/Arijit De Mumbai, Nov 3: Hindalco Industries, the AV Birla group aluminium major, has decided to substantially trim its exposure in Unit Trust of India's troubled US-64 scheme from the current level of over Rs 200 crore.
		Hindalco's exposure in the UTI scheme is around 25 per cent of the company's total investment portfolio of over Rs 800 crore.
		Hindalco's is a relatively moderate step compared with that of companies like Bajaj Auto, which, finding itself saddled with giant US-64 portfolios, lodged its units for repurchase immediately after the news of the reserves turning negative broke.
	www.expressindia.com /fe/daily/19981104/30855424.html (665 words)

	PR Newswire Business News: Hindalco Industries Ltd. and Novelis Inc. Announce an Agreement for Hindalco's Acquisition ...
		Hindalco Industries Ltd. and Novelis Inc. Announce an Agreement for Hindalco's Acquisition of Novelis for Approximately $6.0 Billion
		Hindalco's integrated operations and operating efficiency have positioned the company as Asia's largest integrated primary producer of aluminum and among the most cost-efficient producers globally.
		Hindalco stock is publicly traded on the Bombay Stock Exchange and the National Stock Exchange of India Ltd. Its current market capitalization is $4.3 billion.
	news.moneycentral.msn.com /ticker/article.aspx?Feed=PR&Date=20070211&ID=6466674&Symbol=NVL (1066 words)

	Hindalco \| Products \| Rolled products
		Hindalco is the largest manufacturer of the entire range of flat rolled products in India.
		Of the total production of Hindalco's flat rolled products, around 40 per cent is exported and customers in more than 50 countries are using the products.
		Hindalco is equipped with sophisticated rolling mills and finishing equipment in its plants.
	www.indal.com /products/rolled_products.htm (380 words)

	Hindalco Industries Limited
		Hindalco Industries Limited, the Flagship Company of the Aditya Birla Group, commenced operations in 1962.
		Hindalco's metal is accepted for delivery under the prestigious High Grade Primary Aluminium Contract on the London Metal Exchange.
		Hindalco also believes that successful Industry must share its prosperity with society at large, particularly those resident in close vicinity.
	www.sovereign-publications.com /hindalco.htm (693 words)

	Hindalco Industries to acquire Novelis for $3.5bn \| newratings.com
		Hindalco Industries to acquire Novelis for $3.5bn
		The deal, which includes the assumption of $2.4 billion in debt, is expected to close in the second quarter of 2007, Hindalco Industries’ Chairman Kumar Mangalam Birla said.
		Hindalco Industries plans to fund the deal through $450 million of its own cash, raising $2.8 billion in debt through a "special purpose entity" and borrowing $300 million from a group.
	www.newratings.com /analyst_news/article_1473820.html (303 words)

	Hindalco To Buy Novelis For $6 Billion - Forbes.com (Site not responding. Last check: 2007-09-10)
		Hindalco Industries, India's largest aluminum producer, today announced plans to buy Atlanta-based aluminum rolled products maker Novelis for around $6 billion.
		Hindalco's shares were down 1% to 173.25 rupees ($3.94) at the close of trade on the Bombay Stock Exchange Friday.
		But Hindalco's Bhattacharya said the deal made strategic sense: "The Novelis acquisition will give us immediate scale and a global footprint." Hindalco, the flagship of the Aditya Birla Group, would need at least 10 years to replace Novelis' assets, which have a replacement value of $12 billion, he said.
	www.forbes.com /business/2007/02/11/mergers-acquisitions-aluminum-biz-cx_0211hindalco.html (513 words)

	The Telegraph - Calcutta : Business
		Mumbai, Feb. 11: Hindalco Industries Ltd of the AV Birla group is acquiring Novelis Inc, the world’s top producer of aluminium rolled products, in an all-cash transaction of around $6 billion.
		Hindalco will pay $44.93 per share in cash to the shareholders of Novelis, many of whom are institutional investors.
		On the possibility of a counter-offer from another player, Hindalco managing director Debu Bhattacharya said while they had made a strong proposal, the company will also rake in around $100 million as “break fee” if there is a counter-bid and it is considered by the board of Novelis.
	www.telegraphindia.com /1070212/asp/business/story_7381273.asp (623 words)

	Bloomberg.com: Canada
		Hindalco has arranged a bridging loan facility of $2.8 billion for the takeover from UBS AG, ABN Amro Holding NV and Bank of America Corp., he said.
		Hindalco's Chairman Birla yesterday described Novelis as a world leader, and said the company would ``have to pay a premium'' to complete the acquisition.
		Hindalco plans to triple aluminum output to 1.5 million metric tons by 2012 to become one of the world's five largest producers.
	www.bloomberg.com /apps/news?pid=20601082&sid=aels.ZCzpi0M&refer=canada (824 words)

	Birla to hike Hindalco stake-India Business-Business-The Times of India (Site not responding. Last check: 2007-09-10)
		MUMBAI: The A V Birla group is hiking its holding in flagship Hindalco Industries by 10% to 37%.
		Hindalco's board is scheduled to meet on Friday to consider an issue of preferential warrants which can be converted into equity in 18 months.
		Hindalco is currently raising close to $6 billion debt to fund the Novelis deal.
	timesofindia.indiatimes.com /NEWS/India_Business/Birla_to_hike_Hindalco_stake/articleshow/1709813.cms (537 words)

	Bloomberg.com: Worldwide
		Hindalco plans to raise $2.8 billion of debt through a so- called special purpose entity and use $450 million of its own cash.
		Hindalco would have required at least 10 years and $12 billion to build the Novelis assets, Birla said.
		Hindalco will gain access to markets across the globe because Novelis operates in 11 countries and is the second- largest producer in North America, according to its Web site.
	www.bloomberg.com /apps/news?pid=20601087&sid=aYcO6_O4_T00&refer=home (946 words)

	domain-B : Indian business : companies : Hindalco : index
		Hindalco Q4 net rises 40 per cent; revenues jump 44 per cent
		Hindalco's Australian subsidiary to raise $218 million from IPO
		Hindalco increases its stake in Indian Aluminium to 94.3%
	www.domain-b.com /companies/companies_h/hindalco/index.html (171 words)

	[No title]
		The Group proposes to restructure within itself the holdings that Grasim Industries Limited (Grasim), Hindalco Industries Limited (Hindalco) and Indian Rayon And Industries Limited (IRIL) have in a) Century Enka Limited (Century Enka), b) Tanfac Industries Limited (Tanfac) and c) HGI Industries Limited (HGI).
		Transferees collectively propose to acquire 19,91,652 shares in Tanfac representing 19.97 % shares from Hindalco Industries Ltd and Grasim Industries Ltd. Their post acquisition holding would be 19,91,802 shares representing 19.97 % of the shares.
		A K Agarwala and TGS (acquirers/transferees) from Hindalco Industries Ltd and Grasim Industries Ltd. (transferors) and acquisition of 4,32,322 shares in HGI representing 11.41% shares by Mrs.
	www.sebi.gov.in /informalguide/century.html (944 words)

	Indian Stock Market
		Shares of Hindalco Industries hit a 7-year high on BSE amidst speculation that the company is becoming a takeover target.
		The Aditya Birla group-promoted Hindalco industries, the country’s largest aluminium producer, surged by about 4 per cent on the bourses to Rs 146.60 on market buzz that it could be a takeover target of the Alcan-Sterlite combine.
		The share price of Hindalco Industries rose 11 per cent on Monday, the highest gain for the stock in over six years, before settling down with a 4 per cent gain at Rs 146.
	www.indianstockmarket.net /HindalcoIndustries.asp (526 words)

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