Hindalco Industries Limited

Yet the valuation carries a premium with a price-to-earnings ratio of 311, making the conversion of development programs into commercial production critical for future returns.

Hindalco Industries adds another layer through its subsidiary Hindalco Almex Aerospace Ltd.

This unit produces high-strength aluminum for aircraft structures and space systems like Chandrayaan-3.

Revenue grew by approximately 26.5% in fiscal year 26 but profit margins declined slightly due to higher interest expenses.

JSW Steel is falling.

Hindalco is sliding.

When crude jumps and borrowing costs rise together, metal producers get squeezed from both ends.

On top of this, Nifty Auto is down 1.46%, Nifty Pharma is down 1.68% and Nifty FMCG is down 1.43%.

Rate-sensitive because higher borrowing costs directly squeeze vehicle loan demand.

Nifty IT dropped 1.34%, with Infosys sliding 2% and Hindalco shedding 3%, dragging metals lower too.

FMCG fell 0.89%.

Meanwhile, Bank Nifty held up remarkably well, down just 0.13%.

Simultaneously, the upstream supply chain for aluminium is attempting its own structural reboot.

India's Hindalco Industries has announced that it will route spot alumina tenders, through the digital platform Metalshub, creating a transparent, transaction-backed pricing mechanism alongside the London Metal Exchange.

For years, alumina pricing has remained largely opaque, even as the ongoing war in the Middle East has knocked out 2 million tonnes of annualised Gulf aluminium production, driving a sharp wedge between surging finished metal prices and surplus alumina refining.

Turning to bulk agricultural freight, geopolitical disruption continues to cripple the Black Sea export corridor.

Reuters is reporting the order has been invoked under emergency provisions of the Electricity Act, and it applies to plants with an installed capacity of at least fifty megawatts.

The objective is to meet an expected rise in electricity demand, the order dated September twenty-fifth said, and has been seen by Reuters, and it covers a hundred and twelve plants belonging to companies like Vedanta, Tata Steel, Hindalco, JSW Steel, Ultratech, Reliance Industries, among others.

All these plants primarily serve energy-guzzling industrial facilities like aluminum smelters, steel manufacturing, cement factories, and oil refineries.

Nearly forty percent of coal-fired plants in India are operating with critically low fuel stock due to an increase in power demand because of lower rainfall and the El Niño climate phenomenon, which has raised temperatures higher than normal.

It was designed to work within the old nuclear law by keeping ownership and operation with NPCIL while bringing in private money.

By July 2026, Hindalco was reportedly the only company to have submitted a proposal.

And Hindalco produces aluminum and copper, both of which require large amounts of electricity.

So the trade-off is clear.

The industrial partner could secure a long-term power supply but would commit substantial capital without controlling the reactor's operation.

Now, a July research report from Motilal Oswal describes plans for two 220 megawatt units, with NPCIL totaling 440 megawatt.

Tata had identified possible sites and was pursuing water allocations and a detailed project report while discussions about ownership and implementation continued.

But until that structure is agreed upon, Tata's proposal cannot be treated as either another Hindalco style captive project or a confirmed privately operated plant.

This is your host Payal and each week we bring you an inspiring thought leader from around the world to help you unlock the success within you and for you to become a great leader.

Thanks for joining me and today we have with us in the studio Mr. Rohit Patak, the CEO of Copper Business of Hindalco, the largest copper player in India and number two globally for copper rods outside China.

He is also the director on the National Executive Council of IEEMA since 2019 and the president of the Association for the Year 2022-23.

He is also the president of the Indian Primary Copper Producers Association, IPCPA, since 2022. and the director of the International Copper Association.