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- Aluminium Companies in India
Aluminium Companies in India
Aluminium also known as green metal is second most used metal in the world. India is the fourth largest producer of aluminium.
Aluminium is majorly used in electrical and electronics sector. Apart from this it is also used in automotive, transportation, building construction, packaging, consumer durables, industrial and defence.
Hence, the success of Indian aluminium companies is crucial for success for several other industries. In fact aluminium is EV manufacturer’s dream metal.
Per capita consumption of aluminium in India is quite lower than world’s average per capita aluminium consumption. This is consumption is bound to increase owing to increasing demand of aluminium.
Aluminium industry is classified as core industry by NITI Aayog and Mines Ministry. Hence, India aluminium companies have bright growth prospects.
India has nearly 10% of world’s bauxite reserves. India also has 4th largest coal mines. This puts Indian aluminium companies in a unique advantage.
Indian aluminium companies are in a position to produce low cost aluminium. This makes Indian aluminium companies attractive for investment.
Indian aluminium companies also generate lakhs of job directly and indirectly. The output of these companies has employment multiplier effect.
However, aluminium sector is not fully developed in India. Indian aluminium companies lack standardization and may need reform on guidelines for boosting domestic scrap recycling.
This might raise concerns for retail investors.
Some of the popular Indian aluminium companies in India are Hindustan Aluminium Company (HINDALCO), Jindal Aluminium, National Aluminium Company (NALCO), Bharat Aluminium Company (BALCO).
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Aluminum: Through the lens of Michael Porter
Mar 26, 2009
Backed by abundant and good quality bauxite reserves and cheap labour costs, Indian aluminum producers have emerged among the lowest cost aluminium producer in the world. India is home to the sixth largest bauxite deposit in the world which makes its world's 5th largest aluminium producer. Aluminum industry in India registered a phenomenal growth during the past few years on the back of robust growth in the economy. However, the current ongoing global crisis seems to have created some medium ter
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