06-Nov-2026 14:00:25
HINDALCO Q2 FY27: BAY MINETTE COMMERCIAL SHIPMENTS FROM Q1 FY28; ADITYA SMELTER EXPANSION & COPPER RECYCLING PROJECTS ON TRACK
• Novelis Bay Minette: First hot mill coil production targeted for Q4 FY27, with commercial shipments expected from Q1 FY28. • Aditya Smelter Expansion: Phase 2 expansion on track to begin aluminium metal production in FY28. • Copper Recycling: Copper and e-waste recycling project scheduled for commissioning during FY27. • Downstream Expansion: Aluminium battery foil, Aditya FRP and Taloja coated AC fins facilities scaling towards optimal production levels. • Copper Products: Copper tubes and inner-grooved tubes businesses ramping up production. • Growth Strategy: Management expects new downstream capacities, copper recycling and Bay Minette to increase the contribution from businesses less dependent on LME metal prices. • Renewable Energy Target: Installed renewable capacity targeted at 884 MW by March 2027, compared with 643 MW in September 2026. • Hybrid Energy: Targeting 125 MW of hybrid pumped-storage capacity tie-ups by FY27 exit, including 90 MW yet to be tied up. • Aluminium Market Outlook: Management expects the global aluminium deficit to widen to approximately 0.8 million tonnes in CY26, while additional supply is expected from Indonesia, Vietnam and restored Middle East production in FY27. • Capital Allocation: Continuing strategic growth investments while maintaining focus on leverage and operating cash generation.
HINDALCO INDUSTRIES LTD