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Hindalco shares decline 2% as Q4 profit falls 51%. Here’s what Nuvama and other brokerages saidHindalco Industries' shares dipped after reporting a 51% YoY decline in net profit to Rs 2,597 crore for the March quarter, despite a 20% r...- Hindalco shares rise 2% on Novelis' upbeat commentary; US arm reports $84 million net lossHindalco shares gained 2% after US arm Novelis plans to reopen its Oswego hot mill sooner than anticipated, despite a higher projected cash...
- Novelis sees bigger cash flow hit from Oswego fire, posts $84m lossNovelis anticipates a greater impact on its cash flows due to fires at its Oswego unit. The company will, however, restart the hot mill ahe...
- Trial by fire: Novelis may see bigger cash flow hitIn the wake of a second devastating fire at its Oswego facility, Novelis Inc. has revised its expectations dramatically, now forecasting a ...
- Hindalco shares in focus as Novelis’ Oswego fires delay restart, dent Rs 14,000 crore cash flowsHindalco shares may face pressure after Novelis delayed the restart of its Oswego plant following fire incidents, impacting around Rs 14,40...
- Novelis Q1 Results: Net income slumps 36% to $96 million, sales sees 13% growthNovelis Inc, the wholly-owned subsidiary of Hindalco Industries, has reported a 36% year-on-year fall in its net income for the June quarte...
- Hindalco's arm Novelis eyes $300 mn savings, profitability boost from FY28Hindalco-owned Novelis expects $300M in cost savings from 2027-28, driven by operational efficiencies and SG&A initiatives. Two-thirds of t...
- Fundamental Radar: What’s likely to strengthen Hindalco’s foothold in the industry?The acquisition of US-based Novelis back in 2007 made Hindalco the world’s largest aluminium rolling company. Novelis is a key contributor ...
- Hindalco Q4 results: Consolidated PAT surges 189% YoY to Rs 1,928 cr; firm declares dividend of Rs 3The company’s consolidated revenue from operations jumped 38 per cent on-year to Rs. 40,507 crore for the reported quarter.
- Hindalco Q2 results: Net profit falls 60% YoY to Rs 387 croreConsolidated revenue from operations grew 5.32 per cent YoY to Rs 31,237 crore.
- Hindalco will be back to pre-covid levels by the second half of FY21: Kumar Mangalam Birla“At Novelis (Hindalco’s wholly owned subsidiary) too all plants are operational, and many are now running at their full capacity. All the a...
- 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.
- Stock pick of the week: Why Hindalco is emerging strongerHindalco is operating in a ‘continuous process industry’ so, its operations were not affected by the lockdown. However, its domestic demand...
- Buy Hindalco Industries Ltd. target Rs 230: Centrum BrokingBuy Hindalco Industries Ltd. at a price target of Rs 230.
- Buy Hindalco Industries, target Rs 230 : Centrum BrokingBuy Hindalco Industries Ltd. at a price target of Rs 230. Standalone EBITDA at Rs 13.5bn, was marginally above estimates, led by strong per...
- Novelis taps Asian banks to refinance $1.8 billion term loansNovelis is the Atlanta headquartered arm of Aditya Birla group flagship Hindalco.
- AVB Group plans to move part of UK mill to IndiaThe Aditya Birla Group plans to shut part of its aluminum foil making mill in the UK and relocate the plant to its unit near Nagpur.
- Aditya Birla Group plans to shut part of UK aluminium foil mill, relocate it to IndiaThe Aditya Birla Group plans to shut part of its aluminum foil making mill in the UK and relocate the plant to its unit near Nagpur.
- Hindalco to leverage Novelis technologyHindalco’s acquisition of US-based Novelis for $6 billion in February this year is set to pay-off with its subsidiary’s fusion technology f...
- Hindalco to ride on Novelis technologyHindalco’s acquisition of US-based Novelis for $6 billion in February this year is set to pay off, with its subsidiary’s fusion technology ...
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