Page 4 - Hindalco

Hindalco expansion plan entails $10 billion investment, says KM Birla

Exploring copper smelter expansion in Gujarat

Hindalco: Q1 performance in line with expectations, outlook positive

In FY25, the management expects capex of Rs 5,500-6,000 crore for India operations and capex of $1.4-2.1 billion for Novelis

After 8 yrs of preliminary inquiry, CBI books Hindalco for corruption

The CBI has booked the country's leading aluminium producer Hindalco of the Aditya Birla Group for alleged corruption in getting environmental clearances for coal mining between 2011 and 2013, officials said on Tuesday. The agency has also named T Chandini, the then director in the Union Ministry of Environment and Forests, for favouring the company as member secretary of the Expert Appraisal Committee ((EAC) in allowing mining in the Talabira-I mine in the critically polluted area of Odisha's Jharsuguda in violation of ministry guidelines, they said. The central probe agency registered an FIR against Hindalco and Chandini under Section 120-B (criminal conspiracy) of the Indian Penal Code and provisions of the Prevention of Corruption Act after a nearly eight-year-long preliminary inquiry. Reacting to the FIR, a Hindalco spokesperson said, "This is an old matter pertaining to 2014-15. These mines were de-allocated as part of the government's de-allocation process. This is a matter o

Adani, Hindalco show interest in Hindustan Copper's Jharkhand mines

The interest from Adani Enterprises and Hindalco Industries, two of India's leading industrial conglomerates, highlights the potential and attractiveness of these mines

Hindalco Industries defers Novelis IPO in US, citing market conditions

US subsidiary of Hindalco Industries says it will continue evaluate timing of the offering

Hindalco-owned Novelis delays IPO amid weak market conditions, shares fall

The delay will likely have a short-term negative impact on Hindalco, said Sneha Poddar, associate vice president at Motilal Oswal Financial Services

Hindalco slumps 6% on deferring Novelis IPO amid valuation concerns

Novelis Inc, Hindalco Industries' US subsidiary, postponed its initial public offering (IPO) for the time being due to market conditions, the company said in an exchange filing today

Stocks to watch on June 05: Ztech India, SBI, GPT Infra, TaMo, Hindalco

Stocks to watch on June 05: Ztech India will list on NSE Emerge today. Its Rs 37.3 crore IPO, entirely fresh issue of 33.91 lakh shares was subscribed 371 times by investors

Stocks to watch on May 29: RIL, NBCC, Hindalco, IRCTC, Grasim Industries

Stocks to watch on May 29: NBCC's Q4FY24 revenues surged by 43.1 per cent year on year (YoY) to Rs 4,025 crore compared to Rs 2,813 crore in Q4FY23

Strong performance in Q4 leads to upgrades for Hindalco Industries

The strong show across metals and value-added products, plus higher margins in Novelis indicates good trends

Hindalco Q4 results: Net profit rises 31.6% to Rs 3,174 crore, revenue flat

Hindalco Q4 FY24 results: The company's board recommended final dividend of at Rs 3.50 per share for the year ended March 31, 2024

Hindalco bidding for two nickel, cobalt mines in Maharashtra, K'taka: MD

Aditya Birla Group firm Hindalco Industries on Friday said it is in the process of bidding for two nickel-cobalt mineral blocks in Maharashtra and Karnataka. Speaking to the media, Hindalco Industries Managing Director Satish Pai said the company is not scouting for any critical mineral blocks overseas as there are a lot of blocks that have been put up for sale in India. "We are bidding for two nickel cobalt mines," he said. Critical minerals such as copper, lithium, nickel, cobalt, and rare earth elements are essential components in many of today's rapidly growing clean energy technologies -- from wind turbines and electricity networks to electric vehicles. "We are participating in those auctions. Because we believe there are quite a few interesting mines in India that have not been explored, so the government is coming up with nickel-cobalt mines, lithium mines, copper mines, and we are going to focus more on India than going overseas," he said. The company, he said, had bid for

Q4 results today: Hindalco and Bosch among 252 firms to post earnings

Company Q4 FY24 results today: Ashok Leyland and Zee Media Corporation are among some of the major companies to release their earnings report for the fourth quarter ending on March 31, 2024

BSE Metal index surges 3% as base metals climb to multi-year highs

Metal stocks top performers: Here's why metal stocks were in demand on the Dalal Street on Wednesday.

Hindalco, JSW, Tata Steel: Tech charts hint at mixed outlook for metal stks

The NSE Metal index has rallied 3% so far this week, while the Nifty has edged 0.2% higher. Technical charts suggest select frontline metal shares can rally another 14% from present levels.

Home business grows faster than overseas for India's biggest MNCs

These companies' revenues in India have grown at a faster pace than their overseas revenues. As a result, the contribution of Indian business to consolidated revenues has steadily increased

Novelis IPO in US SEC: A potential booster for base metals major Hindalco

The monetisation proceeds could be used to fund ongoing capex for Novelis' Bay Minette facility

Stocks to Watch today: Zee, Hindalco, RIL, Tata Power, Paytm, TVS Supply

Stocks to watch on Wednesday, February 21, 2024: In news today - Sebi finds Rs 2,000 cr fund diversion in Zee; Hindalco arm files IPO papers in US; Rolls Royce extends pact with TVS Supply Chain.

Hindalco Industries subsidiary Novelis files draft papers for US IPO

Novelis will not receive any proceeds from share sale

Analysts hopeful for Hindalco despite Novelis' capex revised upwards

Analysts maintained consensus 'buy' rating on Hindalco though the stock lost over 12 per cent post Q3 on Tuesday, mainly due to the sharp increase in Novelis' capex, and ended flat on Wednesday