Page 12 - Hindalco

Fund managers turn bullish on Hindalco

Turnaround at US-based arm Novelis, stability in prices and a good demand scenario are the reasons

Hindalco sees stellar gains in FY17 on better business, price rebound

Hindalco raised Rs 3,350 crore leading to a stronger balance sheet

Hindalco to set up Rs 150 crore solar park in Odisha

Aditya Birla Group owned Hindalco Industries is planning to set up a 24 Mw solar power plant within the premises of its aluminium plant at Lapanga in Sambalpur district." The 24 Mw solar plant planned by Hindalco will come up at its campus in Sambalpur. The company intends to invest Rs 150 crore in the project to be spread over 120 acres of land available with the company", said a government official.The power produced is likely to utilized by the company as renewable purchase obligation (RPO). The company has applied to the investment promotion agency- Industrial Promotion & Investment Corporation of Odisha Ltd (Ipicol) for approving the project. Ipicol has sought the clearance of the project from Green Energy Development Corporation of Odisha Ltd (Gedcol), the nodal agency for implementation of renewable energy in the state, he added.Hindalco runs the smelter-power plant complex at Lapanga in Sambalpur with an annual capacity of 360,000 tonnes supported by a 900 Mw (6 x 150) ...

Hindalco raises Rs 3,350 cr via issue of shares to QIBs

The company had set floor price at Rs 184.45 per share for raising funds through QIP on March 2

Hindalco offers Rs 3,300-cr worth new shares

The share sale would lead to a dilution of 7.9% to 8.1% of post issue capital

Strong profit points to more gains for Hindalco

After better-than-expected operating performance by Novelis, local operations post good gains

Hindalco dip is a chance to buy

Despite recent fall in aluminium prices, expected improvement in profitability and debt reduction keep Street bullish

Aluminium segment shines for Hindalco

Improving profit, higher free cash flows will help retire debt

Hindalco net soars fourfold to Rs 294 cr even as revenue drops

Net sales fell 13% at Rs 7,597 cr due to weakness in copper business

Hindalco hits 17-month high on robust Novelis Q1 earnings

The stock rallied 6% to Rs 152 in intra-day trade, its highest level since March 5, 2015 on the BSE.

Debu Bhattacharya hangs up his boots after transforming Hindalco

With a career that saw the company's sales grow multifold, and helped acquire Novelis, Bhattacharya is set to hand over the baton to Satish Pai

Hindalco's consolidated net profit falls 95% in 2015-16

Total expenses of the firm were lower at Rs 95,537.82 crore against Rs 98,927.09 crore in the year-ago quarter

Hindalco Inds surges after better-than-expected Q2 results from Alcoa

The stock hit a high of Rs 136.15 so far during the day, which is a 52-week high for the counter

Hindalco benefiting from better pricing outlook

Further gains will hinge on global aluminium prices, debt reduction, as most positives seem priced in