US aluminium tariff impact neutral to positive for Novelis, says Hindalco MD Satish PalThe US tariff on aluminium will have a net neutral to positive impact on Novelis, according to Hindalco Industries' managing director Satis...
15 Feb, 2025, 12.57 AM IST
Hindalco to reconsider its capex plans amid global headwindsThe Aditya Birla group company will now prioritise projects worth $3.3 billion at its US subsidiary Novelis over 2024-28 (April-March), whi...
06 Apr, 2023, 12.34 AM IST
Billionaire K M Birla to spend $7.2 billion on aluminum demand betThe company owned by billionaire Kumar Mangalam Birla will invest the amount mainly across its businesses in India and North America. It ha...
31 Mar, 2022, 02.44 PM IST
Novelis to raise $300-350 mn from Axis Bank in GIFT CityThe bilateral short-term loan is being raised from Gujarat GIFT city and will likely be priced after adding about 70-85 basis points over t...
24 Jan, 2022, 10.37 PM IST
Hindalco has $2.5-3 billion capex plans for next 5 years: KM BirlaIn India, the company will implement organic growth projects entailing a capital outlay of over $1billion toward Utkal alumina expansion, v...
24 Aug, 2021, 07.38 AM IST
Buy Hindalco Industries, target price Rs 512: GeojitHindalco Industries Ltd., incorporated in the year 1958, is a Large Cap company (having a market cap of Rs 98784.99 Crore) operating in Met...
11 Aug, 2021, 11.44 AM IST
Hindalco posts first loss in 18 quarters, but maintains sales volumes: key Q1 takeawaysHindalco said it has been mitigating the impact of the pandemic through planned initiatives.
14 Aug, 2020, 06.28 PM IST
Alunorte’s Brazil reopening bad news for Indian companiesRoughly 2 tonne of alumina goes into producing 1 tonne of aluminium.
09 Oct, 2018, 08.29 AM IST
Rising recycling spread over LME prices to helpNovelis contributed almost 60 per cent of Hindalco’s consolidated operating profit (EBIDTA) in FY18.
19 Jun, 2018, 10.00 AM IST
Advantage Novelis from rising spread between recycled prices of the metal and trading quotes at LMEOther than US, Novelis also has operations in Brazil where it is expected to benefit from the weak Brazilian currency, which has fallen 12%...
19 Jun, 2018, 07.29 AM IST
Hindalco to sell alumina plant, mines in Brazil in debt-paring moveThe AV Birla group major wants to use the money to cut debt and focus on the India business where demand is showing signs of improvement am...
15 Sep, 2016, 08.04 AM IST
Kumar Mangalam Birla to raise Hindalco stake to 37% for Rs 2,165 croreBirla, who has already paid Rs 541 crore in March 2012 to convert 10% of the preferential warrants, will lose the initial deposit if he doe...
22 Aug, 2013, 06.47 AM IST
- Hindalco to acquire alumina refinery from Novelis
In 2007, Novelis was acquired by Hindalco Industries and following the merger, Novelis became a wholly owned subsidiary of Aditya Birla Gro...
18 Jan, 2013, 02.40 PM IST
- Hindalco net up 38% on Novelis, copper business
ditya Birla group's flagship firm Hindalco reported a 38% jump in consolidated net profit to Rs 3,397 crore for the financial year ended 20...
28 Jun, 2012, 07.36 AM IST
- Novelis to step up capacity by 20 pc
The world's largest aluminium producer, Hindalco Industries' Atlanta-based subsidiary Novelis will raise its production capacity by 20% in ...
13 Nov, 2010, 01.28 AM IST
- Dip in Novelis’ goodwill may hit Hindalco’s profit
Two years after its high-profile Novelis acquisition, which catapulted Hindalco to the world’s fifth-largest aluminium maker’s slot, the Ad...
17 Feb, 2009, 12.09 AM IST
- STCI assigns 'outperformer' to Hindalco; target Rs 180
Novelis recorded a volume growth of 2.7 per cent year on year at 0.79 million tonne in March’08 compared to 0.77 million tonne in March’07.
23 Jun, 2008, 03.16 PM IST