Hindalco Industries
Line
- Kumar Mangalam Birla, Chairman
- Rajashree Birla
- C. M. Maniar
- E. B. Desai
- S. S. Kothari
- M. M. Bhagat
- K. N. Bhandari
- A. K. Agarwala
- N. J. Jhaveri
- Debu Bhattacharya, Managing Director
Hindalco Industries Ltd.. is one of the largest Indian company in the commodities sector. The company is based in Mumbai. The company was founded in 1962 and is listed on the BSE Sensex is part of the Aditya Birla Group Kumar Mangalam Birla of the Indian billionaire
The company's focus is the aluminum and copper production. Its turnover for the financial year 2005/2006 2.8 billion U.S. dollars. It employs 19,563 people.
Financial Information
The Annual Report 2005/2006 recorded an annual turnover of 2,797 million U.S. dollars, net profit of 371 million U.S. dollars and a market capitalization of 4.3 billion U.S. dollars.
Acquisition of Novelis
On 15 May 2007 the company acquired the Canadian company Novelis for $ 6 billion dollars, becoming the world's largest producer of rolled aluminum. The purchase was financed by a message on financialexpress.com of 12 February 2007 by a consortium of banks from Bank of America, UBS and ABN Amro.
Forbes ranking
Hindalco was in 2006 in the list of Forbes Global 2000 at position 1821.