Working Capital Mgmt at Hindalco Industries Ltd

Topics: Birla family, Indian businesspeople, Aditya Birla Group Pages: 73 (14851 words) Published: March 1, 2011

The report has been intended to reflect some of the basic issues covered under the “Working Capital Management” of Hindalco Industries Ltd., a first truly MNC in India. All the aspects have been formulated and presented on the basis of the ideas and information gathered by the investigator during the span of project training. This gives a practical exposure of the content under topic, what has already been studied in classroom in theoretical form.

This report has been written in response to comprehensive study conducted on the topic. The reports mentions and evaluates various aspects, pertaining to the working capital management of the company.

After a thorough analysis of various facts and stand figures, a set of conclusion has been given the prime considerations, while compiling the report and are authoritative and authentic.

We make sure that anyone who goes through the report will learn how much we have learnt so for, and can get the benefit of the same.


In an organization, be it an industry, a school or society, no outcomes can be achieved by one man working in isolation. It’s always a group working and achieving the outcome in totality. It is the outcome of all the guidance and support that I received from this organization. I would take this opportunity to acknowledge a debt of deep gratitude to many people for their valuable assistance and continuous support during the course of my Summer Internship Program.

We convey our sincere thanks to Mr. S. K. Das, General Manager (Training) for allowing us to pursue summer training in this prestigious organization.
We are also thankful to Mr. Ajay Joshi, Vice President (Finance & Account), and other members of the accounts department for providing necessary help whenever required for the completion of the project.

We are thankful to our guide Mr. Vimal Raheja, for his valuable guidance and his precious time he devoted for mentoring us, without which this project would not have been successful.
We are also thankful to the librarian for allowing us access to valuable journals and reports which gave life-blood to our project.
Last, but not the least, we would like to thank our institute for providing us an opportunity to work with such a prestigious organization.


Hindalco Industries Pvt. Ltd.


Mr. G. D. Birla and Mr. Aditya Birla, Our founding fathers.
We live by their values.
Integrity, Commitment, Passion, Seamlessness and Speed.

Table of Content

Chairman’s Foreword6

Profile of the company
➢ Introduction7
➢ History 8
➢ Vision, Mission & Values 10
➢ Awards and Recognitions 12
Product Profile
• Indian Roots 14
• Joint Venture 15
• International Companies 15
• Aluminium 18
• Copper 19 • Mines20
• Production Capacity21
• Share Of Net Sales22
Structure of Finance Department 24
Management Team 25
Accounting policy27

Working Capital
➢ Current Assets 32
➢ Current Liabilities 33
➢ Purpose Of Working Capital33
➢ Classification of Working Capital 34
❖ Gross Working Capital35
❖ Net Working Capital 35
❖ Permanent Working Capital 35
❖ Temporary Working Capital 36
➢ Working Capital Cycle 37
➢ Trade Off Between Profitability & Risks38
➢ Determinants of Working Capital at Hindalco 39 ➢ Estimating...
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