Business Standard

Page 2 - Novelis

Price volatility takes sheen off aluminium firms' capital expenditure

Hindalco's subsidiary Novelis as well as the aluminium division of Vedanta have trimmed guidance by 30-40 per cent for the year

Price volatility takes sheen off aluminium firms' capital expenditure
Updated On : 21 Nov 2022 | 6:10 AM IST

Hindalco drops 5% as arm Novelis Q2 profit slides 23% YoY; Ebitda down 8%

As per reports, Novelis has also lowered its capital expenditure (capex) outlook for FY23 to a range of $900 million- $1 billion from the previously guided $1.3-1.6 billion

Hindalco drops 5% as arm Novelis Q2 profit slides 23% YoY; Ebitda down 8%
Updated On : 09 Nov 2022 | 12:11 PM IST

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
Updated On : 12 May 2022 | 8:52 AM IST

Novelis to invest $2.5 bn in US in Birla Group's biggest greenfield project

The plan is to build a new highly advanced low-carbon recycling and rolling plant in Bay Minette, Alabama, with initial 600 kilotonnes of finished aluminum goods capacity a year

Novelis to invest $2.5 bn in US in Birla Group's biggest greenfield project
Updated On : 12 May 2022 | 1:59 AM IST

Top headlines: MS cuts India GDP forecasts; Novelis to invest $2.5 bn in US

Business Standard brings you the top news of the evening

Top headlines: MS cuts India GDP forecasts; Novelis to invest $2.5 bn in US
Updated On : 11 May 2022 | 5:45 PM IST

Novelis to build $50 million recycling, casting centre in South Korea

Novelis Inc, a subsidiary of Hindalco Industries, will build a USD 50 million (around Rs 373 crore) recycling and casting centre in South Korea to expand low carbon aluminium production.

Novelis to build $50 million recycling, casting centre in South Korea
Updated On : 21 Feb 2022 | 10:09 PM IST

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
Updated On : 11 Feb 2022 | 1:33 AM IST

Hindalco's subsidiary Novelis to build aluminium recycling plant in US

Once the facility become fully functional, it is likely to generate 140 new jobs in Kentucky.

Hindalco's subsidiary Novelis to build aluminium recycling plant in US
Updated On : 12 Jan 2022 | 10:45 AM IST

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
Updated On : 23 Aug 2021 | 10:34 PM IST

Hindalco hits records in June quarter on rising commodity prices

Metals cycle is expec­ted to stay strong and aid the company, but prices may top out this fiscal

Hindalco hits records in June quarter on rising commodity prices
Updated On : 07 Aug 2021 | 2:25 AM IST

Novelis posts 180% rise in net profit to $176 million for March quarter

Novelis, a wholly-owned subsidiary of Hindalco Industries Ltd, on Wednesday posted a 179.3 per cent rise in net income to USD 176 million for the quarter ended March 31, 2021.

Novelis posts 180% rise in net profit to $176 million for March quarter
Updated On : 14 May 2021 | 1:40 PM IST

Hindalco will return to pre-Covid levels by H2: Kumar Mangalam Birla

All of the company's aluminium upstream plants continue to operate at near full capacity with all logistics infra coming back on track

Hindalco will return to pre-Covid levels by H2: Kumar Mangalam Birla
Updated On : 10 Sep 2020 | 9:57 PM IST

Hindalco: Better domestic show, Novelis outlook can help stock re-rate

Rebound in aluminium price, positive Novelis outlook boost confidence in stock

Hindalco: Better domestic show, Novelis outlook can help stock re-rate
Updated On : 24 Aug 2020 | 10:41 PM IST

Coronavirus takes away the sheen from Hindalco's Aleris acquisition

While two units are to be divested, outlook for high-end aerospace business is soft

Coronavirus takes away the sheen from Hindalco's Aleris acquisition
Updated On : 17 Apr 2020 | 12:44 AM IST

Hindalco's subsidiary Novelis completes $2.8 bn acquisition of Aleris

The deal, which closed at an enterprise value of $2.8 bn, positioned Hindalco as one of the world's largest aluminium companies, with a global footprint across 49 manufacturing facilities

Hindalco's subsidiary Novelis completes $2.8 bn acquisition of Aleris
Updated On : 14 Apr 2020 | 11:36 PM IST

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 gets EU go-ahead to buy Aleris for $2.6 bn; shares up 7%
Updated On : 09 Apr 2020 | 11:45 PM IST

World is not flat; slowbalisation will define the decade, says K M Birla

Chairman of Aditya Birla Group says tensions between nationalism and globalisation will reshape world

World is not flat; slowbalisation will define the decade, says K M Birla
Updated On : 14 Jan 2020 | 10:26 PM IST

Novelis' strong Q2 performance saves the day for parent Hindalco

Analysts say the demand for aluminium from the US auto industry remains favourable and there are supply constraints for aluminium cans too

Novelis' strong Q2 performance saves the day for parent Hindalco
Updated On : 11 Nov 2019 | 11:29 PM IST

Novelis gets European Commission nod for proposed Aleris purchase

Approval is subject to the sale of Aleris' unit in Duffel, Belgium

Novelis gets European Commission nod for proposed Aleris purchase
Updated On : 01 Oct 2019 | 8:58 PM IST

Novelis firm on Aleris Corp acquisition as US files antitrust suit

The DOJ and Novelis have agreed to refer the matter to a binding arbitration, given the differences in calculating the market size, among other things

Novelis firm on Aleris Corp acquisition as US files antitrust suit
Updated On : 05 Sep 2019 | 9:47 PM IST