Page 6 - Hindalco Industries
Hindalco Industries earmarks about $8-bn capex over next 5 yrs: K M Birla
Hindalco Industries Chairman Kumar Mangalam Birla on Tuesday said the company has earmarked a total capital expenditure of about USD 8 billion over the next five years in its arm Novelis and India. Novelis has found potential investment opportunities of USD 4.5 billion. Birla was speaking at the Hindalco's AGM. He said the company has identified potential investment opportunities of nearly USD 3 billion in India. Birla further said that 70 per cent of the company's consolidated cash flows will be allocated towards high-growth downstream segments , including EVs, mobility, batteries and Consumer durables. "On the back of solid financial performance and a strong balance sheet, your company is well-positioned to drive a new wave of transformational growth fuelled by organic expansion." The company plans to achieve a renewable capacity of 300 MW by FY'25, including 100 mw solar power capacity with hybrid storage.
 "Hindalco Industries earmarks about $8-bn capex over next 5 yrs: K M Birla")
Near-term profit woes for Hindalco's India biz amid high energy costs
Margin recovery expected in the second half of FY23
 "Near-term profit woes for Hindalco's India biz amid high energy costs")
Hindalco Q4 profit doubles to Rs 3,851 cr; revenue rises 38% YoY
Company shares closed trade on the BSE at Rs 407.75 apiece, up 2.75 per cent over the previous day's close.
 "Hindalco Q4 profit doubles to Rs 3,851 cr; revenue rises 38% YoY")
Here is why Hindalco shares tumbled 6 per cent on Thursday
In Q4, Novelis reported 15 per cent YoY decline in adjusted EBITDA at $431 million primarily due to short-term operational cost challenges.
Birla's Hindalco Industries plans $2.5 billion US aluminium recycling mill
The new facility will increase Novelis's, unit of Hindalco, recycling capacity to 90 billion cans globally, from 74 billion currently
 "Birla's Hindalco Industries plans $2.5 billion US aluminium recycling mill")
Charts indicate up to 15% fall in select metal stocks from current levels
The metal index on the NSE has tumbled 14 per cent so far from its historic peak and continues to drift lower
 "Charts indicate up to 15% fall in select metal stocks from current levels")
Kumar Mangalam Birla to spend $7.2 bn on aluminium demand bet
Birla-owned Hindalco Industries will invest the amount mainly across its businesses in India and North America
Stocks to Watch: Paytm, Gail, Maruti, Hindalco, SAIL, Lupin, Welspun India
Paytm is likely to be in focus after RBI's ban on fresh onboarding of customers to its arm Paytm Payments Bank with immediate effect over the weekend.
 "Stocks to Watch: Paytm, Gail, Maruti, Hindalco, SAIL, Lupin, Welspun India")
Hindalco PAT jumps 96% in December quarter, stands at Rs 3,675 crore
The company said that it reported its highest net profit in Q3 FY22, surpassing all previous quarterly performances
 "Hindalco PAT jumps 96% in December quarter, stands at Rs 3,675 crore")
Hindalco Q3 results: Consolidated PAT nearly doubles to Rs 3,675 cr
Consolidated revenue from operations rose 44% to Rs 50,272 cr
Showing its mettle: Multiple tailwinds for Hindalco stock in 2022
Firm prices, deleveraging, and supply cuts by peers among triggers
Stocks to Watch: Airtel, ICICI, Hindalco, Shriram Properties, ONGC, Cipla
Consumer Durable stocks are also likely to be in focus on Monday after the company have hiked prices for the third time this year
 "Stocks to Watch: Airtel, ICICI, Hindalco, Shriram Properties, ONGC, Cipla")
Primary aluminium players seek import duty hike on premium products to 10%
Hindalco Industries and Anil Agarwal-led Vedanta Limited are private aluminium producers in the domestic market.
 "Primary aluminium players seek import duty hike on premium products to 10%")
Hindalco Industries cuts FY22 capex to Rs 2,400 cr on Covid-19 impact
Company sees strong demand from packaging, industrial, transportation sectors
Hindalco profit jumps 9x to record high on low base, Novelis' showing
On a sequential basis, the company's net profit increased 23 per cent in the period under review on the back of increased revenues
Top headlines: Oct retail inflation up marginally; Hindalco Q2 net surges
Business Standard brings you the top stories from today
 "Top headlines: Oct retail inflation up marginally; Hindalco Q2 net surges")
Hindalco Industries acquires Ryker Base for enterprise value of Rs 323 cr
Deal will strengthen Hindalco's copper rod capacity by providing a time-to-market edge, allowing it to cater to the growing demand from electrical and electronics sectors
How prolonged closure of Sterlite plant is impacting copper exports
The prolonged closure of its controversial Thoothukudi plant has had an unintended impact on the country's exports of the industrial metal
 "How prolonged closure of Sterlite plant is impacting copper exports")
Hindalco Industries earmarks capex growth of $2.5-$3 billion over 5 years
Part of the capex will be deployed towards Novelis' business regions in auto-finishing lines expansion in the US and China
 "Hindalco Industries earmarks capex growth of $2.5-$3 billion over 5 years")
Hindalco posts consolidated net profit of Rs 2,787 cr in June quarter
Hindalco Industries Ltd on Friday reported a consolidated profit after tax of Rs 2,787 crore for the quarter ended on June 30, 2021.
 "Hindalco posts consolidated net profit of Rs 2,787 cr in June quarter")