HINDALCO

** Shares of Hindalco HALC.NS fall ~1% to 744.50 rupees

** The miner said a fire halts production at aluminium recycling unit Novelis in Oswego, New York

** Co says the incident occurred on September 16 and no injuries were reported

** HALC, the second-heaviest stock in the Nifty Metal index .NIFTYMET with a 16% weight, drags the sub-index down 0.3%

** Last month, U.S. unit Novelis reported a 36% Y/Y fall in first-quarter net profit to $96 million due to higher scrap metal prices

** Twenty-seven analysts covering HALC have a "buy" rating on avg; median PT is 744.50 rupees - data compiled by LSEG

** YTD, Hindalco stock has gained 23%, outperforms metals index's .NIFTYMET 14.2% climb

(Reporting by Urvi Dugar)

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** Shares of aluminium and copper producer Hindalco Industries HALC.NS rise 5% to 700.20 rupees

** Brokerage Jefferies says higher aluminium prices to support India aluminium margins for HALC, but Novelis margins to remain under pressure amid weak auto demand and US tariffs

** CLSA says medium-term outlook is robust with high captive coal sourcing, downstream volume, alumina sales and expansion of copper recycling projects

** Adds, Q2 profitability is likely to be impacted by a rise in costs but should be partly offset by higher metal prices

** HALC posted a 30.3% Y/Y rise in consol net profit at 40.04 bln rupees ($457 mln) for Q1

** HALC up ~16% YTD

($1 = 87.6187 Indian rupees)

(Reporting by Vijay Malkar)

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Aug 12 (Reuters) - India's Hindalco Industries HALC.NS, one of the country's largest aluminium and copper producers, reported a better-than-expected first-quarter profit on Tuesday, as higher sales volumes helped mitigate the impact of weaker aluminium prices.

The Aditya Birla Group-owned company posted 30.3% rise in its consolidated net profit to 40.04 billion rupees ($456.9 million) for the three months ended June 30, beating analysts' average estimates of 38.33 billion rupees, according to data compiled by LSEG.

($1 = 87.6312 Indian rupees)

(Reporting by Anuran Sadhu in Bengaluru; Editing by Rashmi Aich)

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Aug 12 (Reuters) - Novelis Corp [RIC:RIC:NVLXC.UL]:

• NOVELIS ANNOUNCES PRICING OF OFFERING OF SENIOR NOTES DUE AUGUST 2033

• NOVELIS CORP - PRICED AN OFFERING OF $750 MILLION AGGREGATE PRINCIPAL AMOUNT OF 6.375% SENIOR NOTES DUE IN AUGUST 2033

Source text: ID:nPnB7bCza

Further company coverage: NVLXC.UL

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July 9 (Reuters) - India will discuss the impact of U.S. tariff on copper, mines minister Kishan Reddy said at an event in New Delhi on Wednesday.

(Reporting by Neha Arora in New Delhi; Editing by Sumana Nandy)

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** Indian copper and aluminum producer Hindalco HALC.NS up 7.4% this week, its biggest weekly gain since early March

** Earlier this week, co said it will acquire U.S.-based specialty alumina firm AluChem Companies, for an enterprise value of $125 million

** Co's specialty alumina business delivered consistent double-digit growth in recent years and has emerged as high-growth, high-margin business for co- HALC

** Stock rated "buy" on avg, median PT at 746 rupees - LSEG data

** HALC up 0.8% on the day; it has gained ~15% so far this year

(Reporting by Manvi Pant in Bengaluru)

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June 24 (Reuters) - Hindalco Industries Ltd HALC.NS:

• HINDALCO INDUSTRIES LTD - TO BUY 100% STAKE IN ALUCHEM COMPANIES

• HINDALCO INDUSTRIES LTD - DEAL ENTERPRISE VALUE IS $125 MILLION

Further company coverage: HALC.NS

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** Aluminum and copper miner Hindalco HALC.NS reported fourth-quarter profit ahead of analysts' estimates on Tuesday on higher commodity prices, which led to its upstream unit posting record core profit

** Prices of commodities "slightly on the lower side currently" due to global uncertainties, CEO Satish Pai said in a post-earnings call

** Stock oscillating between gains and losses on the day, last up 0.3%

PROFITABILITY TO LIKELY TAKE A HIT IN Q1FY26

** J.P. Morgan ("overweight", hikes TP to 720 rupees from 680 rupees) says aluminum upstream core profit to drop sequentially in Q1FY26 as pricing tailwinds temper

** Nuvama ("buy", PT at 776 rupees) says Novelis earnings will likely be affected by U.S. tariffs uncertainty

** Ambit ("sell", raises TP to 660 rupees from 650 rupees) says scarp prices - a raw material for Novelis unit - will remain a headwind for co's recycling margins

** Adds U.S.-based Novelis to bear tariff costs due to can sheet imports from South Korea, Brazil and due to higher products prices in the country

(Reporting by Manvi Pant in Bengaluru)

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May 20 (Reuters) - Hindalco Industries Ltd HALC.NS:

• HINDALCO INDUSTRIES Q4 CONSOL NET PROFIT 52.83 BILLION RUPEES; IBES PROFIT EST. 44.97 BILLION RUPEES

• HINDALCO INDUSTRIES Q4 CONSOL REVENUE FROM OPERATIONS 648.90 BILLION RUPEES; IBES EST. 597.47 BILLION RUPEES

• HINDALCO - DIVIDEND OF 5 RUPEES PER SHARE

• HINDALCO - ACQUISITION OF 100% EQUITY STAKE IN EMIL MINES AND MINERAL RESOURCES LIMITED

• HINDALCO - DEAL FOR CONSIDERATION OF 4.8 MLN RUPEES WITH NET DEBT VALUE OF 11.31 BLN RUPEES

Source text: [ID:]

Further company coverage: HALC.NS

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By Neha Arora

NEW DELHI, May 13 (Reuters) - The Indian government is expected to argue that there is sufficient domestic supply of copper cathodes, and an adequate number of suppliers, as it prepares a response to a case on import curbs filed by two trade associations, two sources said.

India, the world's second-largest importer of refined copper, relies on imports to address shortfalls and meet robust demand in sectors such as energy, defence, automotives and infrastructure. Copper is among the 30 critical minerals identified by India in 2023.

But the government imposed quality control measures on copper cathode imports in December, requiring all suppliers, foreign and domestic, to obtain certification from Indian authorities.

The Bombay Metal Exchange and the Bombay Non-Ferrous Metals Association have submitted a petition, seen by Reuters, to the Bombay High Court claiming that the government action could lead to a monopoly dominated by three domestic suppliers, without naming them.

"Where are the shortages?" one of the sources, familiar with government thinking, told Reuters. "The only evidence they (trade bodies) have is that in December and January imports had reduced, which is old data."

The source said that companies had imported large quantities of copper in October and November, which then led to lower imports in the following months.

"We will fight the case, their case does not hold," the source said, declining to be identified as the government has not filed a formal response yet. Another source confirmed the government would defend its position.

The trade associations and India's mines ministry did not immediately respond to requests for comment.

DEMAND SURGE

Copper demand is expected to double by 2030 as India aims to meet the needs of its industries and the energy transition. Domestic companies in the copper industry include Hindalco Industries HALC.NS, Vedanta, Adani ADEL.NS, and the state-owned Hindustan Copper HCPR.NS.

India's refined copper production is estimated at around 555,000 tons per year, and New Delhi imports around 500,000 tons of copper a year to meet the shortfall. Imports have surged since the 2018 closure of Vedanta's domestic Sterlite Copper smelter

But in December, the government said that the ramp-up of Adani Enterprises' smelter would fulfil India's domestic requirement and cut down imports. It is expected to become operational over the next four weeks.

Japan accounts for about two-thirds of India's refined copper imports, followed by Tanzania and Mozambique.

There are currently 10 certified foreign copper suppliers, both sources said, seven of which are Japanese, and five more domestic certified suppliers.

(Reporting by Neha Arora; Editing by Rachna Uppal)

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April 25 (Reuters) - Hindalco Industries Ltd HALC.NS:

• DELIVERS 10,000 ALUMINIUM BATTERY ENCLOSURES TO MAHINDRA FROM FACILITY IN CHAKAN

Source text: [ID:]

Further company coverage: HALC.NS

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By Neha Arora

NEW DELHI, April 4 (Reuters) - Indian officials will visit Chile next week to discuss plans for four state companies to take a stake in two lithium projects of the world's No. 2 producer of the metal, SQM SQMA.SN, a source said.

The world's fastest-growing major economy has ramped up efforts to secure a steady supply of lithium as demand rises for the metal used in electric vehicle batteries, key to emissions reduction efforts in the world's third-largest emitter.

Government-backed Khanij Bidesh India Ltd (KABIL), Coal India COAL.NS, Oil India OILI.NS, and ONGC Videsh ONVI.NS are in talks with SQM for stakes of 20% in its Mount Holland and Andover projects in Australia, Reuters reported last week.

The Indian delegation will hold discussions with top SQM executives when it travels to Chile next week for a global copper conference, the source said, speaking on condition of anonymity as the talks were not public.

Executives from state-run Hindustan Copper HCPR.NS and leading private copper firms Hindalco Industries HALC.NS and JSW are also expected to visit Chile, the source said.

Hindustan Copper told Reuters it will send a few executives to Chile to attend the copper conference and hold other meetings.

The mines ministry, Hindalco, and JSW did not respond to emails from Reuters to seek comments.

India and Chile held talks this week to renew a preliminary pact on geology and mineral resources.

This week Chile's state-owned Codelco, the world's largest copper producer, said it would supply copper concentrates to the $1.2-billion smelter of India's Adani Group, which is the world's largest single-location plant of its kind.

Codelco has also signed a separate preliminary pact with Hindustan Copper to collaborate on exploring and processing minerals.

India's copper imports have surged since the 2018 closure of Vedanta's VDAN.NS Sterlite Copper smelter, which produced around 400,000 metric tons of the metal.

It has recently stepped efforts to strike overseas deals for access to critical minerals in resource-rich countries such as Argentina, Australia, and Chile.

New Delhi is also exploring an initial agreement with cobalt-rich Congo.

(Reporting by Neha Arora; Editing by Mayank Bhardwaj; Editing by Clarence Fernandez)

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April 2 (Reuters) - Chile's state-owned Codelco, the world's largest copper producer, said on Wednesday it would supply copper concentrates to India's Adani Group's $1.2 billion smelter, the world's biggest single-location plant of its type.

The supply will begin this year, said Codelco, whose chairman, Maximo Pacheco, met Adani Group chairman Gautam Adani at the conglomerate's headquarters in Ahmedabad in the western state of Gujarat.

Kutch Copper, as the smelter is formally known, is also located in Gujarat and its executives had told Reuters it would source concentrates from Chile and other countries.

The smelter began operations a year ago and last month entered into a joint venture to make wires and cables.

India's copper imports have surged since the 2018 closure of Vedanta's VDAN.NS Sterlite Copper smelter, which produced about 400,000 metric tons of the metal.

Currently, only Hindalco Industries HALC.NS, part of India's Aditya Birla group, and state-run miner Hindustan Copper HCPR.NS produce copper in the country.

Codelco also separately signed a preliminary agreement with Hindustan Copper to cooperate on exploring and processing minerals.

(Reporting by Nandan Mandayam in Bengaluru; Editing by Savio D'Souza)

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March 20 (Reuters) - Hindalco Industries HALC.NS, one of India's largest aluminium and copper producers, said on Thursday it plans to invest 450 billion rupees ($5.21 billion) across its aluminium, copper, and specialty alumina businesses.

($1 = 86.3350 Indian rupees)

(Reporting by Sethuraman NR; Editing by Savio D'Souza)

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** Shares of Hindalco Industries HALC.NS rise about 3% to 700 rupees

** HALC is among the top gainers in the metal index .NIFTYMET, which is up 2%

** Metal index leading sectoral gains on top metals consumer China's stimulus plan and a weaker U.S. dollar

** Indian government imposes anti-dumping duty on aluminium foil imports from China up to 80 micron of width

** Directorate General of Trade Remedies (DGTR) last month recommended anti-dumping duty on select aluminium foil imports to prevent injury to domestic industry

** HALC is India's largest aluminium producer

** HALC shares up 16% in 2025 so far, outperforming the 4% rise in metal index and 4% drop in Nifty 50 .NSEI, according to exchange data

(Reporting by Bharath Rajeswaran in Bengaluru)

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Feb 20 (Reuters) - Larsen and Toubro Ltd LART.NS:

• LARSEN AND TOUBRO: L&T MINERALS & METALS BUSINESS SECURES LARGE ORDERS IN STEEL AND ALUMINA SECTORS

• LARSEN & TOUBRO GOT ORDER WORTH BETWEEN 25 - 50 BILLION RUPEES

• LARSEN AND TOUBRO LTD - ORDER FROM HINDALCO TO SET UP 850 KTPA ALUMINA REFINERY

Source text: ID:nBSE9skjdx

Further company coverage: LART.NS

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Feb 14 (Reuters) - Hindalco Industries Ltd HALC.NS:

• HINDALCO EXEC: SEE STRONG GROWTH IN BEVERAGE PACKAGING SECTOR

• HINDALCO EXEC: DO NOT SEE A SCENARIO WHERE THERE IS NO SETTLEMENT ON THE RECIPROCAL TARIFF ISSUE

Source text: [ID:]

Further company coverage: HALC.NS

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** Shares of India's Hindalco HALC.NS up ~1%

** Analysts expect the aluminium producer to report a 53% jump in Q3 consol net profit to 35.73 bln rupees ($411.3 mln), rev to rise 11%

** Results to get a boost from strong aluminium prices, analysts say

** Peers National Aluminium Co (NALCO) NALU.NS and Vedanta VDAN.NS have both beaten Q3 profit estimates

** Hindalco has gained ~1% YTD, while NALCO has shed ~8% and Vedanta has slipped ~3%

($1 = 86.8620 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru)

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By Neha Arora

NEW DELHI, Feb 10 (Reuters) - India's aluminium shipments to the U.S., its top export market for the metal, will likely drop due to tariffs proposed by Washington, prompting producers to look at other markets such as Europe, industry executives and a government source said on Monday.

U.S. President Donald Trump said on Sunday he would introduce new 25% tariffs on all steel and aluminium imports into the United States in another major escalation of his trade policy overhaul. He also said he would announce reciprocal tariffs on Tuesday or Wednesday.

Those measures would drag down India's aluminium exports to the United States, affecting the profitability of Indian producers, the executives and the source said.

Although Indian aluminium producers, which include Vedanta Aluminium and Hindalco Industries HALC.NS, could look to other markets in Europe and Southeast Asia, these would take time to absorb the additional supplies, they said.

"India is one of the major exporters to the U.S. and the tariffs will have a significant impact," B.K. Bhatia, additional secretary general at the Federation of Indian Mineral Industries, the country's leading mining body, told Reuters.

"Some bilateral arrangement has to be made for concessional tariffs to ease the situation," Bhatia said.

Indian Prime Minister Narendra Modi is scheduled to meet Trump this week, and is likely to propose additional tariff cuts that could boost American exports to India and avoid a potential trade war between the two countries.

India, the world's second biggest primary aluminium producer, exported 0.2 million metric tons of aluminium to the U.S., worth 78.3 billion rupees ($894.4 million), in the year to March 2024, government data showed.

Unlike aluminium companies, India's steel producers are not expected to face significant setbacks as their supplies to the U.S. are smaller.

India could see an increase in steel shipments as other countries may divert cargoes to New Delhi due to the proposed U.S. tariffs on the alloy, they said.

The country became a net importer of steel in the 2023-24 fiscal year, and imports have steadily increased in recent months.

(Reporting by Neha Arora; Editing by Mayank Bhardwaj and Jan Harvey)

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Adds executive comments, background in paragraphs 3 to 5

Jan 27 (Reuters) - India's steel-to-power conglomerate JSW Group will invest 26 billion rupees ($301.2 million) to set up operations at two copper mines, the company said on Monday, foraying into mining non-ferrous metals as steel prices fall.

The billionaire Sajjan Jindal-led group has won two blocks of copper mines in the eastern mineral-rich state of Jharkhand from Hindustan Copper HCPR.NS for a period of 20 years, with the option to extend it for another decade.

"Venturing into non-ferrous metals, particularly copper, is a strategic move," said Parth Jindal, the managing director of JSW Paints and the IPO-bound JSW Cement.

Steel production in India has been hit by low prices, weak demand from top consumer China and cheap Chinese steel flooding domestic markets -- the effect of which has led to the group's flagship firm JSW Steel JSTL.NS missing profit estimates for the past four quarters in a row.

With the expansion, JSW Steel will directly compete with Vedanta VDAN.NS, Hindalco HALC.NS, Hindustan Copper and Adani Copper - all of which currently dig up the brown metal used to make cables and wires.

Once ramped up, the mines will have a copper ore capacity of 3 million tonnes per annum (MTPA) and are expected to be part-operational in the second half of the fiscal year 2027, the group said in a statement.

($1 = 86.3290 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru; Editing by Mrigank Dhaniwala and Savio D'Souza)

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By Neha Arora

NEW DELHI, Jan 9 (Reuters) - India is expected to sign a preliminary agreement with Mongolia soon in the area of geology and exploration, a senior Indian government official with direct knowledge of the matter said.

Landlocked Mongolia is rich in deposits of copper and coking coal, and India is mostly dependent on imports to meet rising demand for the red metal used in power, construction and electrical vehicles as well as coking coal for steelmaking.

"India's cabinet has approved the MoU (memorandum of understanding) and both countries are expected to sign it soon," the source said, declining to be identified as the deliberations are not yet public.

India's federal mines ministry did not respond to a Reuters email seeking comment.

Mongolia's Ministry of Mining and Heavy Industry did not immediately respond to a Reuters email seeking comments.

Companies such as Adani, Hindalco and Vedanta have expressed an interest in sourcing copper from Mongolia, the source said. All three companies did not respond to emails from Reuters seeking comment.

Both Indian and Mongolian officials are working out supply routes for Indian companies to source copper and coking coal, with India preferring the route from Vladivostok in Russia despite the longer distance, the official said.

"China is convenient but we prefer the route from Russia," the official said.

Relations between Asian giants India and China were strained after a deadly military clash on their disputed border in 2020 but have been on the mend since they reached an agreement in October to pull back troops from their last two stand-off points in the western Himalaya mountains.

Unlike China, India has traditionally maintained close ties with Russia.

Resource-rich Mongolia can offer superior grades of coking coal, industry officials say.

In November, India's JSW Steel JSTL.NS and state-run Steel Authority of India (SAIL) SAIL.NS were in talks with Mongolian authorities to import two shipments of coking coal, Reuters reported.

(Reporting by Neha Arora; Editing by Christian Schmollinger)

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** Shares of Hindalco Industries HALC.NS down 2% so far this year, on track for worst year since 2019

** Shares of the aluminium and copper producer fell most on Feb. 13, dropping 12.4%, after it missed Q3 profit estimates and analysts flagged capex concerns for its U.S. unit, Novelis

** Stock set to fall for third straight month

** HALC trading below its 50-day, 100-day, 200-day SMAs, indicating bearish sentiment

** Avg rating of 26 analysts covering the stock is "buy"; median PT 760 rupees, ~27% higher than current price - LSEG data

** India's benchmark Nifty 50 index .NSEI up over 8% YTD

(Reporting by Anuran Sadhu in Bengaluru)

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Dec 27 (Reuters) - Hindalco Industries Ltd HALC.NS:

• FINED UNDER GST REGULATIONS

• TOTAL FINES AND PENALTY LEVIED OF 301.1 MILLION RUPEES

Source text: ID:nBSE3hkTmV

Further company coverage: HALC.NS

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Dec 26 (Reuters) - Hindalco Industries Ltd HALC.NS:

• HINDALCO INDUSTRIES LTD - FINED UNDER GST REGULATIONS

• HINDALCO INDUSTRIES LTD - TOTAL TAXES AND PENALTY LEVIED AT 526.7 MILLION RUPEES

• HINDALCO INDUSTRIES LTD - TO FILE APPEAL AGAINST GST DEMAND

Source text: ID:nBSE2gKSKf

Further company coverage: HALC.NS

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Dec 2 (Reuters) - Hindalco Industries Ltd HALC.NS:

• HINDALCO INDUSTRIES LTD - FINED UNDER GST REGULATIONS

• HINDALCO INDUSTRIES LTD - TOTAL FINES AND PENALTY LEVIED: 179.9 MILLION RUPEES

• HINDALCO INDUSTRIES LTD - MANAGEMENT EXPECTS NO MATERIAL IMPACT ON FINANCIALS OR OPERATIONS

Source text: ID:nBSEc6b8zs

Further company coverage: HALC.NS

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** Hindalco Industries HALC.NS rises 1.3% to 664 rupees

** Aluminium and copper producer posts a better-than-expected rise in Q2 profit, helped by higher aluminium prices

** Rev from ops rises 7.4% to 582.03 bln rupees ($6.9 bln) y/y

** Pick up in aluminium base metal prices and expectations of stimulus package in China key growth drivers for co - ICICI direct research analysts

** Stock rated "buy" on avg; median PT is 760 rupees - LSEG

** HALC up 8% YTD

($1 = 84.3920 Indian rupees)

(Reporting by Ashna Teresa Britto in Bengaluru)

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Nov 11 (Reuters) - Hindalco Industries Ltd HALC.NS:

• NOVELIS' BAY MINETTE PROJECT REMAINS ON TRACK; EXPECTED TO BE COMPLETED BY H2 OF CY26

Source text: ID:nNSE347lyS

Further company coverage: HALC.NS

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** Shares of Indian aluminium producer Hindalco HALC.NS drops 5% to 674 rupees

** Novelis NVL.N, HALC'S U.S. unit, reported a 18% y/y fall in Q2 net income attributable to common shareholder

** HALC top pct loser on benchmark Nifty 50 .NSEI, which is down 0.2%

** YTD stock had risen 9% vs NSEI's 12.5% climb

(Reporting by Hritam Mukherjee in Bengaluru)

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** Shares of India's Hindalco Industries HALC.NS drop 5%, set for worst day since Aug. 5

** Aluminium producer among top Nifty .NSEI 50 losers, dragging metals .MIFTYMET 0.5% lower

** Frances's Constellium CSTM.N is considered nearest proxy for Novelis NVL.N, Hindalco's US unit, notes Ambit Capital

** HALC pressured by Constellium's downbeat demand forecast, warning of no near-term recovery signs in N. America, Europe, says Prabhudas Lilladher

** Day's drop cuts HALC's YTD gains to 11%

(Reporting by Hritam Mukherjee in Bengaluru)

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GUJARAT, Sept 18 (Reuters) - India's Hindalco Industries HALC.NS on Wednesday denied a Reuters report that the company is planning to produce solar modules.

"There are no developments of this nature. Any discussions on this topic are purely speculative," the metals firm said, calling the report "false and baseless."

(Reporting by Sethuraman N R in Gandhinagar)

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