DEEPAK FERTILISERS-Losses Wiped Out

EPW Research Foundation HINDALCO Modernisation Plan A CAPTIVE power plant coupled with its own bauxite mines make Hindalco, a Kumaramangalam Birla group company and the country's largest integrated producer of aluminium, one of the most efficient and low cost aluminium producers in the world. The company generates approximately 97 per cent of its power requirements at a coal fired plant located near its manufacturing unit, while excess emergency electricity requirements are sourced from the local state electricity board. Hindalco owns leases for 10 bauxite mines and its subsidiary, M incrals and Metals, holds the mining rights for two mines. The company sources approximately 80 per cent of its ore requirements from these sources. Being an integrated manufacturer, Hindalco's operations cover all major areas of aluminium manufacturing from bauxite mining to manufacture of value added products and since its manufacturing facilities are located close to each other, minimum transportation of raw material and finished goods is involved.