| 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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| 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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| Soft metal | 05-OCT-09 |
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| While the run-up in prices have made metal stocks expensive, medium term prospects are unattractive due to weak demand and inventory pile-up. |
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| Hindalco draws up Rs 16,000 cr capex plan | 20-SEP-09 |
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| Hindalco Industries, an integrated producer of aluminum and a leading copper manufacturer has drawn up a Rs 16,000 crore capex plan for the next two years, a top company official said. |
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| Police rescue abducted Hindalco staff from Naxals | 21-AUG-09 |
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| The Jharkhand police rescued four officials of Hindalco Industries, the flagship firm of the Aditya Birla Group, after they’d been abducted by Naxalites on Monday. Six employees of a contractor’s firm engaged in transportation of bauxite were also rescued in the police swoop. |
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| Hindalco Ind surges 8 per cent | 04-AUG-09 |
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| The Hindalco Industries scrip surged 8 per cent to close the day at Rs 108.2 on plans to issue GDR. Volatility in the domestic market has made Hindalco cut the size of its $500 million QIP and go in for a GDR issue. |
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| Hindalco Industries plans GDR issue | 01-AUG-09 |
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| Volatility in the domestic market has got Hindalco Industries, the Aditya Birla group’s flagship firm, to cut the size of its $500 million qualified institutional placement (QIP) and go in for a global depositary receipts (GDR) issue. While the total fund-raising target will remain $500 million, the company has not disclosed how much it planned to raise through GDRs. |
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| Hindalco to raise $500 mn via GDRs; Q1 net at Rs 480 cr | 31-JUL-09 |
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| Hindalco Industries, which posted a net profit of Rs 480.56 crore during June quarter, said today it is planning to raise funds up to $500 million (about Rs 2,400 crore) through issue of securities, including Global Depisitory Reciepts (GDRs) in the international or domestic markets. |
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| Hindalco's annual net down by 80% | 01-JUL-09 |
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| Hindalco Industries, India’s largest aluminium producer, has reported a Rs 485-crore net profit for the fiscal year ending March 31, 2009 — a decline of about 80 per cent from Rs 2,193 crore in the previous year — as its subsidiaries, such as Canadian Novelis, pulled down its profit due to higher raw material cost and derivative losses. |
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| BHEL bags Rs 4,015-cr order from Hindalco | 12-JUN-09 |
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| State-run Bharat Heavy Electricals today said it has bagged a Rs 4,015-crore from Hindalco Industries for supplying boilers, turbines and generators at its 900mw captive power plant in Orissa. |
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| Hindalco shareholders approve financial restructuring | 06-APR-09 |
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| Hindalco Industries today said its shareholders have approved the financial restructuring to use a portion of its reserves to write off expenses incurred by the company on international acquisition and domestic expansion. |
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| Analysts' corner | 23-FEB-09 |
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| Operating margins expanded by 305 basis points (bps) to 17.3 per cent due to lower-than-expected growth in salary and other expenses. |
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