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NOVELIS FINANCIAL LOSS
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...
- Stocks in news: Lenskart, Apollo Hospitals, ZEE, BPCL, HindalcoIndian markets navigated a sideways trend, with analysts urging caution until the 24,000 mark is reclaimed. Key stocks like Lenskart, Apoll...
- 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...
- Novelis holding company gets $800 million five-year loanNovelis' holding company has secured an $800 million loan. This funding will support equity infusion into Novelis. The capital is needed du...
- Hindalco shares fall 3% after US unit Novelis reports second fire in two monthsHindalco Industries shares fell after a fire at its US subsidiary Novelis' Oswego plant. This is the second fire at the plant in two months...
- Hindalco shares drop 6% after Novelis flags $550–650 million cash flow hit from New York plant fireHindalco Industries shares fell over 6% after its US subsidiary Novelis said a fire at its New York plant will dent FY26 free cash flow by ...
- Novelis says September fire at New York plant to hit FY26 cash flow up to $550-650 mnNovelis anticipates a significant financial hit from a September fire at its New York plant. The company expects free cash flow to decrease...
- Why brokerages remain positive on Hindalco stock despite a 14% fall on Novelis shocker?A clutch of brokerages remains optimistic about the long-term story of Hindalco expecting the company to benefit from Novlis capex, over ti...
- Buy Hindalco Industries, target price Rs 525: JM FinancialHindalco Industries Ltd., incorporated in the year 1958, is a Large Cap company (having a market cap of Rs 96246.41 Crore) operating in Met...
- 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.
- Buy Hindalco, target price Rs 225: Kotak Institutional EquitiesAccording to the brokerage, Hindalco’s shares offer attractive riskreward after the recent correction.
- Novelis Inc's Q3 net dips to USD 12 millionNovelis Inc, a subsidiary of Hindalco Industries, has posted a net loss to $ 12 mn for the quarter ended Dec 31, 2011 against USD 46 mn in ...
- Hindalco net soars 8-fold to Rs 3,926 crHindalco Industries, the flagship company of Aditya Birla group said its consolidated net profit for the year ended March 2010 grew sharply...
- Birlas plan to bring Novelis units to IndiaThe Aditya Birla group flagship Hindalco and its Canadian subsidiary, Novelis are planning to relocate some of its European plants to India.
- Dip in Novelis’ goodwill may hit Hindalco’s profitTwo years after its high-profile Novelis acquisition, which catapulted Hindalco to the world’s fifth-largest aluminium maker’s slot, the Ad...
- Novelis may trim jobs, productionNovelis, the aluminium giant acquired by Hindalco Industries, is exploring options to rationalise production and cut jobs due to weak deman...
- Hindalco ties up finance for $6-b Novelis buyoutHaving entered the final lap in its acquisition of Atlanta-based Novelis, the Aditya Birla group has tied up the loose ends to finance the ...
- Russia’s Rusal may spoil Hindalco’s partyRussia’s aluminium giant Rusal is exploring options of putting in a counter bid for Novelis.
- Novelis buy melts HindalcoHindalco chairman Kumar Mangalam Birla admitted that their debt would go up but that the group would maintain it at a ‘comfortable’ level.
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