Page 8 - Hindalco Industries

Hindalco gets EU go-ahead to buy Aleris for $2.6 bn; shares up 7%

Hindalco shares closed at Rs 107 a share, as all clearance for the acquisition, which was announced in July 2018, finally fell into place for the acquisition of Cleveland-based Aleris.

Hindalco delivers decent performance in Q3, outlook remains subdued

Analysts have maintained 'buy' rating on stock

Hindalco Industries Q3 profit drops 24%, income down at Rs 29,494 cr

Hindalco had posted a consolidated PAT of Rs 1,394 crore in the year-ago period; Its consolidated income dropped to Rs 29,494 crore, over Rs 33,483 crore a year ago.

Birla group firms tapping international market to raise $3.1 billion

While Novelis raised $1.6 billion at a lower rate than the previous loan, SKI Carbon Black has hired 16 banks to raise $1.5 billion by selling bonds

Technical calls by Religare Broking: Buy Hindalco Industries, Siemens

Weekly Technical Recommendations by Religare Broking Ltd.

Hindalco, Jute Corporation jointly launch reusable bags for Tirupati Temple

These bags have an aluminium foil lamination so that the laddoos retain freshness and aroma and remain free from moisture and bacteria

Nalco posts Rs 28-cr Q2 loss on weak alumina prices, high coal cost

This is a rare quarterly loss for Nalco, known for consistent profitability. It has regularly figured among the top-three forex-earning public sector companies

Top 10 biz headlines: Faster GST refunds, million auto jobs at risk & more

From a single-authority mechanism for processing GST refunds to exporters coming soon to NCLT approving JSW Steel's Rs 19,700-cr bid for Bhushan Power & Steel, here are today's top business news

No official intimation from EU on Novelis-Aleris deal approval: Birla

Hindalco cuts FY20 India capex to Rs 2,000 crore on weak LME price trend

Lower realisations impact Hindalco's India numbers, Novelis comes to aid

Strong show by Novelis lends support to consolidated numbers in June quarter, and is likely to do so moving forward, too

Hindalco Industries' Q1 consolidated net at Rs 1,063 cr, down 28% YoY

Lower LME prices, global downturn impact performance

EU objects to Hindalco's plan to buy aluminum producer Aleris Corp

Tata Steel and ThyssenKrupp AG abandoned their steel joint venture in May shortly before the EU formally vetoed it

Will stick to Sept deadline for Novelis-Aleris deal: Hindalco's Satish Pai

Hindalco MD Satish Pai says 'nothing extraordinary or unforeseen' in getting European Commission permission for Novelis-Aleris.

Hindalco Industries Q4 profit down 37% to Rs 236 cr on higher input costs

Hindalco's standalone income during January-March quarter increased to Rs 12,733.23 crore

Hindalco Industries eyes lithium to strengthen its aluminium business

The company, part of the $44.3-billion Aditya Birla Group, is looking for the minor mineral via its mining arm, Essel Mining & Industries (EMIL)

Hindalco to invest Rs 60 bn in downstream facilities in four years

Satish Pai, managing director of Hindalco told media persons that the expansion of downstream facilities takes time and will be done in a phased manner

Hindalco Q2 profit dips 21% to Rs 3 bn as rising input costs hit expenses

Hindalco's bottomline including earnings from Utkal Alumina stood at Rs 7.25 bn, up 54% from last year

Hindalco Industries Q1 profit surges to Rs 4.14 bn, misses estimates

Revenue from operations inched up 1.7% to Rs 105.93 billion

Hindalco gains 7% as arm Novelis to buy Aleris

The stock was up 7% to Rs 220 on the BSE after the company announced the acquisition of a global aluminium rolled products major Aleris at an enterprise value of US $ 2.58 billion.

Hindalco Industries to invest Rs 4,000 cr on Hirakud rolling mill expansion

Aditya Birla Group owned Hindalco Industries Ltd has firmed up plans to expand the capacity of its downstream mill at Hirakud in western Odisha. The facility makes flat rolled products (FRP) and will see an investment of Rs 4000 crore for ramping up capacity from 135,000 tonnes per annum now to 375,000 tonnes."We are looking for 100 acres of contiguous land to complete the expansion. Most of the products manufactured at the Hirakud FRP are exported. We are witnessing a very good demand for such products and this is driving our expansion", said R K Gupta, head (Sambalpur cluster), Hindalco Industries.Group company Aditya Aluminium owns an aluminium smelter of 0.36 million tonnes per annum capacity supported by 900 Mw CPP at Lapanga in Sambalpur district. It also has an FRP facility for rolled products, extrusion products and wire rods.Hindalco is in talks with Apar Industries for setting up a wire rod conductor making facility close to its smelting unit."We are not going to offer any ..