Hindalco Industries Ltd.

Hindalco Industries, an Aditya Birla Group company, is reportedly planning to focus on value added products to increase its profit margins and reduce debt. The company’s prepaid long term debt stands at about Rs 690 crore, and plans to repay another Rs 200 crore during the quarter.

The company is fast ramping up capacity utilisation to produce can body stock at the recently commissioned Hirakud plant which involved relocation of equipment from a closed facility of Novelis, its wholly-owned subsidiary. The can body plant is operating at 60 percent capacity utilisation and will be ramped up to optimal capacity of 1.35 lakh tonnes by March next year as the process of getting approval from various user industry is close to completion.

Hindalco Industries is an industry leader in aluminium and copper. The company’s aluminium units across the country encompass the entire gamut of operations from bauxite mining, alumina refining, aluminium smelting to downstream rolling, extrusions, foils and alloy wheels, along with captive power plants and coal mines.