| Novelis | Flat-rolled aluminium products with high recycled content supplying automotive, packaging, aerospace, and specialty markets globally. | Global scale, advanced recycling technology, integrated supply chain, strong customer relationships and sustainability leadership. | B2B; major beverage can manufacturers, automotive OEMs, aerospace companies and specialty product users worldwide. | Automotive and aerospace specialty sheets with high value addition and recycling products. | 145068 | 60 | Product sales primarily through long-term contracts and spot market supply to global customers. | Sales based on market prices with hedging strategies; mix of firm contracts and spot pricing. | Rising demand for recyclable aluminium, automotive light-weighting, and specialty applications; expansion of greenfield and debottlenecking plants. | Novelis aluminum flat-rolled products, automotive sheets, beverage can sheets, aerospace alloys, recycling services. |
| Aluminium Upstream | Extraction and processing of bauxite, alumina refining, aluminium smelting and metal production. | Fully integrated operations from mining to smelting; captive coal and bauxite sources; technology investments reducing costs. | B2B; downstream Hindalco units and external metal buyers in India and abroad. | Utkal Alumina refinery known for low-cost alumina and efficiency provides margin leadership. | 29322 | 12 | Metal sales primarily to downstream units and external customers; revenue linked to global commodity prices. | Commodity based metal pricing; mostly spot and benchmark linked contracts. | Capacity expansions, cost optimization in captive resources, increasing alumina efficiency, and rising aluminium demand in India. | Hindalco Primary Aluminium, Utkal Alumina refinery. |
| Aluminium Downstream | Manufacturing of aluminium rolled products, extrusions, foils, and value-added applications for various sectors. | Strong product innovation, integration with upstream, technology advances and growing customer base. | B2B; sectors include automotive, construction, packaging, electrical and consumer goods industries. | Specialty foils and extrusions with higher technical requirements and customization. | 12576 | 5 | Sales through product contracts, direct sales, and supply agreements primarily to industrial and consumer durable clients. | Pricing based on product category with some long-term contracts and spot sales. | Growing electrification, lightweighting in automobiles, demand for sustainable packaging and building materials. | Hindalco Aluminium Rolling, Extrusions, Foils, Eternia windows and Totalis façade products. |
| Copper | Copper smelting, refining, rod manufacture, alloy and specialty copper products including e-waste recycling. | Vertically integrated from concentrate supply to finished rod products; innovation in special copper alloys. | B2B; heavy industries, railways, electrical, automotive and refrigeration sectors. | Value-added copper rods and specialty alloys with higher profitability than commodity cathode sales. | 54672 | 23 | Sales of refined copper metal, value-added rods, and tubes primarily in India and select export markets. | Contract pricing linked to metal prices; mix of spot market and long-term sales. | Rising domestic copper demand, EV electrification, infrastructure growth, import substitution initiatives. | Hindalco Copper Cathodes, Copper Rods, Copper Magnesium Alloy Rods, Inner Grooved Tubes. |
