Madras Aluminium Company Limited



                The Madras Aluminium Company Ltd. (MALCO) is part of Vedanta Resources, a London listed metals and mining major with Aluminium, Copper and Zinc operations in UK, India and Australia. MALCO is a primary Aluminium producer in South India with operations encompassing mining, refining, smelting and power generation, MALCO is surging ahead to achieve global recognition in Aluminium production.

Madras Aluminium Company Limited

                           The Madras Aluminium Company, popularly known as Malco, was incorporated in 1961 in technical and financial collaboration with Montecatine of Italy as an integrated aluminium plant in the state of Tamil Nadu. Malco started commercial production in 1965. It continues to be the only integrated primary aluminium manufacturing company in Southern India. In accordance with the BIFR scheme, in February 1995, Malco was taken over by Agarwal Associates, the promoters of the $1.5 billion Sterlite group.

Malco has its own bauxite mines at Yercaud (Salem district) and Kolli Hills (Namakkal district). The company has a captive power plant (CPP) of 75MW (3 x 25 MW). The CPP has state of the art technology with an enviable plant load factor of about 100 per cent.

It is one of the five integrated primary aluminium producers in India, with an alumina refinery capacity of 55,000 tonne per annum (tpa) and an aluminium smelter capacity of 29,500 tpa.

Malco acquired 38.8 per cent stake in the Rs 450 crore India Foils (IFL) of the Williamson Magor group. The IFL board allotted 11 million equity shares of Rs 10 each at Rs 23.50 and 10 million warrants entitling the shareholders for one equity share convertible at Rs 23.50 per share to Malco. After the conversion of warrants, Malco will have an equity stake of 55 per cent in IFL.

Malco is proposed to be merged with Sterlite Industries in line with the Sterlite group`s restructuring programme wherein the group will be organised as separate companies on the basis of businesses, that is telecom and non-ferrous mining and metal businesses.

To enhance its business position in the domestic aluminium industry, the company proposes to implement a brown field expansion project at Mettur.

Domestic demand for metal is expected to grow moderately for the next two-three years on account of expected growth in the construction, transportation, and consumer durable and packaging sector. Also, the increasing disposable income in the hands of the growing Indian middle class and the advent of newer applications strengthens prospects of the domestic aluminium industry.

Malco, an integrated player in the domestic aluminium industry is well placed to derive advantages of any economic upturns or favourable metal price variations.


Madras Aluminium Company Ltd. (MALCO) is a vertically integrated operation with its own captive Bauxite Mines, Refinery and Smelter, producing primary aluminum and semi-finished products. It also has a state-of-the-art 75 MW captive power plant.

Malco's mines are located at Kolli Hills, Yercaud and Kodaikanal in Tamilnadu. At these mines, Malco places great emphasis on safe-guarding and enhanching the greenery in the neighbourhood. Malco's capability is reflected in the fact that it produces high grade aluminium with low grade bauxite. Malco has Tamilnadu's only aluminium smelter.

MALCO operations can be categorized into four major activities:

  • Mining
  • Refining
  • Smelting
  • Captive Power Plant


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