Hindalco says it wishes to insulate itself from price fluctuations on the London Metal Exchange
At present, packaged beverage consumption in the domestic market stands at 20 billion
Apart from strong performance by Aleris and a tight auto sheet market in US, analysts say aluminium prices are also bottoming
The average per tonne aluminium price on the London Metal Exchange (LME) during the quarter, at $1,968, was down 4.5 per cent sequentially and 6.5 per cent year-on-year (YoY)
The bulker developed by Hindalco busts the myth that aluminium is only meant for high-end, expensive and swanky automobiles
As base metal prices stabilise, aluminium looks set to gain the most on higher demand and constrained supply
In a Q&A, Satish Pai calls for getting more mines under auction to meet the demand-supply gap
The prevailing sense of optimism accentuates India's continuing economic growth in the future as well
There was a time when nearly 75% smelters in the world were not able to recover production costs from aluminium sales
The copper segment, too, did well, maintaining its profitability helped by improving by-product realisations and raising continuous cast rod (CCR) production
Stable plant operations and better realisations help aluminium segment profits
Utkal Alumina earnings lend firm support to company's earnings
Kumar Mangalam Birla, who leads the Aditya Birla Group, noted that President Trump is unpredictable. 'We don't know how he thinks,' he said
Deal valuation, likely operating profit of $360 mn better than expectations
Aleris is a global supplier of aerospace and automotive aluminium rolled products
The stock hit 52-week low of Rs 195, falling 8% in intra-day deal, its sharpest intra-day decline since August 11, 2017 on the BSE.
The aluminium segment with 11.5 per cent improvement in operating profit at Rs 12.65 bn helped drive overall operating profit to Rs 18.1 bn, higher than the Rs 17.9 bn in the year-ago quarter
The Aditya Birla Group flagship repackages its metals portfolio for a varied and global audience
Rising aluminium prices are strengthening the metals producer's focus on adding value, from bauxite mining to value-added products
surges 7% to Rs 245, also its 52-week high on BSE in early morning trade