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Hindalco’s Journey Over a Period of Six Decades: Making the World Greener-Stronger-Smarter

  • P. K. Banerjee,
  • Sagar Pandit,
  • Amit Gupta,
  • Vivek Srivastava,
  • Bijesh Jha

摘要

Hindalco’s growth trajectory started in 1958 with setting up of India’s first integrated aluminium facility at Renukoot, in the eastern fringe of Uttar Pradesh, India. The plant was set up by the premier industrialist of India, Shri G.D Birla, in collaboration with Kaiser Aluminium Corporation Ltd. of USA, the 3rd largest producer of aluminium then. The growth continued with brownfield expansions at Renukoot, INDAL acquisition (2001), Novelis (2007), brownfield expansion of some of these plants and major greenfield projects at Utkal, Mahan, Aditya and Hirakud FRP (2014). Hindalco’s acquisition of Aleris Corporation (April 2020), through Novelis Inc., has cemented the Company's position as the world’s largest flat-rolled products player and recycler of aluminium. Today, Hindalco is an industry leader in aluminium and copper, with a consolidated turnover of US$18 billion. Hindalco ranks among the global aluminium majors as an integrated producer with footprints in 9 countries outside India running the gamut of operations from bauxite mining, alumina refining, coal mining, captive power plants and aluminium smelting, to downstream rolling, extrusions and foils. Their product basket serves many industries like Electrical, Mass Transportation, Automotive, Packaging, Cookware, Defence, Building, Construction and Architecture. With its DNA embedded in the Company’s purpose statement that reads—“We manufacture materials that make the world Greener—Stronger—Smarter”, Hindalco has been rated the world’s most sustainable aluminium company in the Dow Jones Sustainability Indices (DJSI) 2020. Hindalco got a total score of 75 points as against the industry average of 51.