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NOVELIS FUNDING
Hindalco to infuse $750 million equity into US unit NovelisHindalco Industries will infuse $750 million equity and raise debt to support its US arm Novelis after a fire hit its Oswego unit. The fund...
Hindalco arm Novelis raises $750 million via 5-year bondsNovelis Inc., Hindalco’s overseas arm, raised $750 million through 6.88% five-year bonds. Proceeds will repay $738 million in credit facili...
Novelis Inc plans to raise USD 750 million via bondNovelis Inc, a part of Hindalco, plans to raise USD 750 million through bonds. The proceeds will be used to repay USD 738 million of debt a...
Novelis IPO to be taken up once conditions are right for premium valuation, says Hindalco MD Satish PaiHindalco Industries will delay the IPO of its US subsidiary Novelis until market conditions improve and performance meets expectations for ...
Aditya Welekar on Novelis IPO, Hindalco and moreAditya Welekar of Axis Securities discusses the Novelis IPO's potential uses of funds, including capex and acquisitions. Hindalco aims to u...
Novelis may take bridge loans for higher capex, says Hindalco MDNovelis, a subsidiary of Hindalco, will now spend $4.1 billion on its integrated recycling and rolling plant being set up in Bay Minette, U...
Novelis to offer $595-mn Euro-denominated senior green notesThe €500 million in aggregate principal amount notes will be offered in a private offering, the company said in a press statement on Monday.
Birla-owned Novelis set raise $600 million via offshore bondsCitibank, Bank of America, and JPMorgan are among the global bankers harnessed by Novelis, now accounting for about two-thirds of Hindalco’...
Hindalco shares rally over 4% as arm to acquire Aleris for $2.58 bn; should you buy?Jefferies said that Aleris deal is rich in valuation but risk reward still positive.
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 India
The 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.
- Novelis completes $4 bn fund raising
Hindalco's Canadian arm, Novelis has raised $4 bn by a mix of debt and bonds. Novelis raised $2.5 bn via two bonds. $1.4 bn raised through ...
- Novelis may bid for Rio Tinto Alcan unit
Novelis, the international subsidiary of Hindalco Industries, could bid for the rolled products division of global metals major Rio Tinto A...
Pressure on wonder metal: Growth in Asia key for aluminium cosThe way Hindalco manages growth options in the Asian market may well be the key to a turnaround performance at Novelis.
- Novelis’ $1.8-bn Q3 loss to have limited impact on Hindalco
Novelis has reported a net loss of $1.8 bn in the third quarter ended December 31, 2008 owing largely to a goodwill loss of $1.5 bn, a fall...
- 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.
- Company plans to raise $2.8 bn debt to fund the acquisition
Hindalco’s debt will increase and the margins of Novelis will continue to be under pressure for another two years, an analysis of the finan...