Indian aluminium producer Hindalco Industries Limited’s total aluminum output in Q3 FY21 (Oct-Dec, 2020) stood at 315,000mt, up by 2.6pc from 307,000mt produced in the previous quarter (Q2 FY21) but down by 4.5pc as compared to 330,000mt produced in the prior-year period (Q3 FY20), the company informed in its quarterly results.
Hindalco, the metals flagship company of the Aditya Birla Group, said its aluminum value-added products (VAP) output in Q3 grew by 35.5pc to 84,000mt from Q2 and by 5pc from the same period in the preceding year due to a sharp recovery in the domestic demand.
In Q3 FY21, the company’s alumina output fell by 4.3pc to 675,000mt from Q2 due to a planned maintenance shutdown at Utkal Alumina but rose by 2pc as compared to 662,000mt sold in Q3 FY20.
In Q3, the company’s aluminum sales stood at 315,000mt, up by 4pc from 303,000mt sold Q2 but down by 4pc as compared to 328,000mt during the same quarter in the previous year.
VAP sales in Q3 grew by 27pc to 80,000mt from 63,000mt sold in the prior quarter and by 6.7pc as compared to 75,000mt sold in the same quarter in FY20.
The company achieved record quarterly shipments of 933,000mt in Q3 FY21 at Novelis, registering a growth of 17.1pc from the prior-year period and up by 1.1pc as compared to the previous quarter.
Hindalco’s copper cathode production in Q3 FY21 stood at 51,000mt, down by 30.1pc from 73,000mt produced in Q2 and by 39.3pc as compared to 84,000mt in the prior-year period due to a planned maintenance shutdown in one of the smelters.
The company’s production of copper continuous cast (CC) rods in Q3 rose by 3.1pc to 67,000mt from 65,000mt produced in Q2 and by 11.7pc as compared to 60,000mt in Q3 FY20.
Copper sales in the third quarter stood at 73,000mt, down by 2.7pc from 75,000mt in the preceding quarter and by 13.1pc as compared to 84,000mt during the same quarter in the previous year, while sales of copper CC rods increased by 1.6pc to 65,000mt from 64,000mt in Q2 and by 12.1pc as compared to 58,000mt Q3 FY20.
The company said that Novelis’ expansion in Brazil to support beverage can business continues to progress with commissioning expected in mid-FY22. The company also flagged off a 34,000mt per annum state-of-the-art aluminum extrusion project in Silvassa, with an investment of ₹730 crores.
The company is expecting the capacity expansion of 500,000mt at Utkal Alumina to be commissioned in Q1 FY22.