Page 3 - Novelis

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

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

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

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 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.

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

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 gets European Commission nod for proposed Aleris purchase

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

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

US authorities sue Aditya Birla arm to stop Aleris buy over monopoly fears

Defiant Novelis says it will challenge the lawsuit; firm to go ahead with proposed acquisition of Aleris Corporation

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

Novelis' integrated domestic operations add sheen to Hindalco in March

Trade war concerns and lower demand in some sectors may keep prices volatile

Novelis' acquisition of Aleris hits European Commission roadblock

European Commission suspends deadline to clear the deal

Novelis Q4 net income declines over 5% to Rs 717 cr from Rs 759 cr

Net sales, it said, increased 1 per cent over the prior year to $3.1 billion for the fourth quarter of fiscal 2019

Novelis' Q1 net income up 10% at $113 mn on better operational performance

Its sales increased 16 per cent to $ 3.1 billion, driven by higher average aluminium prices, higher shipments

Hindalco arm Novelis posts net income of $307 mn, sales up 18%

The US-based Novelis is the leading producer of flat-rolled aluminium products and the worlds largest recycler of aluminium

Novelis' pleasant surprise for Hindalco in Q1

Investors have enough reasons to cheer the June quarter (Q1FY18) results of Novelis, Hindalco's US-based subsidiary. Not only were results better than expected, but the outlook for business and cash-flows point to the trend improving going ahead. Hindalco's share price jumped over three per cent on Tuesday to close at Rs 235, following the developments late Monday night.The maker of value-add aluminium products (used by auto industry, for making beverage cans, etc) reported an EBITDA of $287 million, an increase of 10 per cent compared with $261 million in year ago quarter. EBITDA stands for earnings before interest, depreciation, tax and amortisation. Rupee trades at 63.6 levels to a US dollar. Jefferies analysts said that Novelis' Q1 adjusted EBITDA (ex-metal price lag) grew 10 per cent year-on-year, seven per cent ahead of their estimates as margins continue to surprise positively led by rising autos mix and operating leverage gains. The number was also higher than Motilal Oswal ...

Novelis sells 50% stake in South Korean arm for $315 mn

Plans to use funds to form a joint venture with Japan's Kobe Steel