| Alstom bags Rs 365 cr orders from Hindalco | 10-NOV-09 |
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| Alstom Projects India, subsidiary of French firm Alstom, today said is has bagged orders worth Rs 365 crore from Hindalco Industries, for supply and installation of four gas treatment plants in the country. |
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| Hindalco starts roadshow for Rs 2,900-cr QIP | 10-NOV-09 |
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| Hindalco Industries, India’s largest aluminium maker, plans to raise about Rs 2,900 crore in the next three to four weeks. In July, it had announced plans to raise Rs 2,400 crore through Qualified Institutional Placement (QIP). The issue could not take place due to the volatility in the stock markets. |
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| Novelis reports profit of Rs 916 cr | 05-NOV-09 |
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| Novelis Inc, the Canadian subsidiary of Hindalco Industries, reported a net profit of $195 million (about Rs 916 crore) for the quarter ended September 30, 2009, against a net loss of $104 million in the corresponding period last year. On a sequential basis, the company reported a growth of 36.4 per cent from $143 million reported in the previous quarter. |
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| Markets plunge on weakness in metals, realty | 03-NOV-09 |
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| The markets opened marginally in the red and flirted on either side on the dotted line throughout the morning session. However, volatility returned to haunt the Street in the post-lunch session. The Sensex closed around the lowest point of the day, at 15,404, weaker by 491 points, and the Nifty ended at 4545, down by 147 points, accompanied by a huge rise in volumes.. |
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| Sensex off day's low | 03-NOV-09 |
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| Reliance Infrastructure and Wipro have declined 2.5% each to Rs 1,031 and Rs 592, respectively. |
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| Hindalco plans to raise Rs 3,000 cr | 02-NOV-09 |
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| Aditya Birla group flagship company Hindalco is planning to raise around Rs 3,000 crore through an equity sale to fund its ongoing projects. |
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| Hindalco net down 52% to Rs 344 cr | 01-NOV-09 |
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| Hindalco Industries, India’s largest aluminum producer, said that its standalone net profit for the quarter ended September 30 declined by 52 per cent to Rs 344 crore due to a drop in metal prices. Aluminum prices in the reporting quarter were, on an average, about 35 per cent lower on the London Metal Exchange (LME). |
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| India Inc making up for lost time in raising funds | 26-OCT-09 |
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| The lull has given way to a storm. After a year of waiting on the sidelines, India Inc is raising money with a vengeance. In the last four months alone, companies have raised nearly Rs 90,000 crore in equity and debt. And the party looks set to be a long one, with companies planning to raise another Rs 100,000 crore in the next six months. |
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| Sensex stages a V-shaped recovery, ends up 92pts | 06-OCT-09 |
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| It was a volatile day on the bourses. The markets opened in the green on the back of strong US and Asian cues. But the euphoria was short-lived. The indices immediately slipped into the red as nervousness crept in for the second consecutive day around the Nifty 5,000 levels. And telecom stocks only aggravated the fall. Stocks such as Bharti Airtel and Reliance Communications were hammered on fears of a price war breaking out between the telecom players. |
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| Pricey metal | 28-SEP-09 |
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| Though metal prices have risen and Hindalco’s financials are improving, its stock valuations already reflect most of the positives. |
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| Markets still languish in the red | 24-SEP-09 |
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| The market breadth is negative. Out of 2,765 stocks traded on the BSE, there were 1,461 declining stocks as against 1,223 advances. |
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| Markets still in red | 24-SEP-09 |
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| Hindalco and Infosys have shed nearly 4% each at Rs 129 and Rs 2,277, respectively. |
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| Hindalco: A little more sheen | 22-SEP-09 |
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| Although aluminium prices are not expected to firm up as much as copper’s, the Hindalco stock has been a big gainer over the past weeks, rising 31 per cent compared with a 7 per cent move for the Sensex. Industry watchers say there is still some amount of over-capacity, resulting in a slower recovery for aluminium prices than that of copper. |
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