Of the 15 stocks in the Nifty Metal Index, five stocks, including Hindustan Copper, Nalco, Hindalco, JSL, and NMDC, hit fresh 52-week lows
Hindalco stock: Over the next five years, Hindalco Industries is mulling to invest approximately ₹45,000 crore in India, and $5 billion in the US as capex
K M Birla, chairman of the Aditya Birla Group, at the event also reiterated plans to invest Rs 45,000 crore in next-generation high-precision engineered products
Metal stock rally: The Nifty Metal index rose as much as 1.67 per cent to hit an intraday high of 9,185.20.
Larsen & Toubro on Thursday said it has secured a large order from Hindalco for setting up an 850 KTPA (kilo tonne per annum) greenfield alumina refinery plant in Odisha. The order has been secured by its Minerals & Metals (M&M) business vertical, Larsen & Toubro (L&T) said in an exchange filing. According to the company's classification, a large order ranges between Rs 2,500 crore and Rs 5,000 crore. The scope of work includes engineering, manufacturing, supply, construction & installation in collaboration with reputed technology providers. L&T's M&M vertical offers world-class end-to-end solutions in the Engineering, Procurement, and Construction (EPC) domain across sectors such as mining, minerals processing, industrial products and material handling.
Chinese aluminium imports no longer cheaper and country can't afford to dump metal in India, says company's MD
Q3FY25 company results, February 13: United Breweries, Ipca, and SVJN will be among 389 firms releasing their earnings report for the Oct-Dec 2024 quarter
Technical charts show that the key momentum oscillators on Oil India and Campus Activewear are turning favourable, hence the stock may trade with a positive bias in the near-term.
Nifty 50 Today: The Nifty index may continue to consolidate after its recent surge, but the broader trend remains positive
The Nifty Metal index was seen testing the 100-WMA (Weekly Moving Average) support for the third time in the last 4 weeks. Similarly metal stocks too are testing long-term supports; check levels here.
Novelis intends to use the net proceeds from the proposed offering to repay US$ 738 million of outstanding debt and any remaining proceeds to fund cash on its balance sheet
US-based Novelis Inc, which is part of Hindalco Industries, on Thursday said its indirect wholly-owned arm plans to raise USD 750 million through issuance of bonds. Novelis intends to use the net proceeds from the proposed offering to repay USD 738 million of outstanding debt and any remaining proceeds to fund cash on its balance sheet. "Novelis Inc...today announced that its indirect wholly-owned subsidiary Novelis Corporation has priced an offering of USD 750 million aggregate principal amount of 6.875 per cent senior notes due in January 2030, which represents an increase of USD 250 million from the offering size previously announced," it informed the bourses. Novelis Inc, a sustainable aluminum solutions provider, had reported an 18 per cent decline in net income at USD 128 million in the September quarter of 2024-25. The firm, which deals in aluminium rolled products, had reported a net income of USD 157 million in the same period of the preceding financial year, the company h
The suspension of bauxite exports by Guinea in Oct'24 has tightened the alumina market
Shares of Hindalco, Jindal Steel and Power, Vedanta, Welspun Corp, National Aluminium Company (Nalco), Hindustan Zinc, APL Apollo Tubes declined over 1 per cent
The development is likely to curtail China's aluminium exports, thereby tightening global supply and driving up prices, ICICI Securities said
The ongoing capex in Novelis would establish it as the global leader in beverage cans and automotive. The management does not see further capex increase
Shares of Hindalco Industries surged up to 2.77 per cent to hit an intraday high of Rs 673.50 per share on the BSE
Stocks to watch, Nov 12: Here are few stocks will be in focus for today's session
Co raises earlier capex plans for upstream by $2 billion
Hindalco Industries' shares saw a sharp fall on Thursday after Constellium, a peer of its subsidiary Novelis, reported disappointing September quarter numbers