Hindalco share price: Why brokerages are reiterating their Buy calls, raising target prices after Q1 earningsHindalco shares fell despite the company reporting a record Q1 profit. However, brokerages remained bullish, citing strong India operations...
Hindalco posts record Q1 profit of Rs 7,013 crore as aluminium prices soarHindalco Industries achieved record profit and sales in the June quarter, driven by soaring aluminium prices and a rebound at Novelis. The ...
Hindalco Q1 results: Profit soars 75% YoY to record Rs 7,013 crore; revenue jumps 32%Hindalco Industries reported a record 75% year-on-year jump in June-quarter consolidated net profit to Rs 7,013 crore, driven by strong Ind...
Trump impact neutral to positive for Novelis: Satish Pai, Hindalco MDHindalco Industries' MD Satish Pai indicated that US tariffs on aluminium will likely have a net neutral to positive impact on Novelis. Nov...
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...
Hindalco expects to gain from China scrapping export tax rebateHindalco Industries Ltd. anticipates benefiting from China's removal of tax rebates on aluminum and copper exports. The move is expected to...
Hindalco to list Novelis only at its desired valuation, says MD Satish PaiHindalco Industries will list its US subsidiary Novelis only at a desired valuation, delaying the IPO due to market conditions. The company...
Hindalco net debt negative in India; in Q2, EBITDA per tonne to come in a bit lower than in Q1: Satish PaiHindalco reported higher-than-expected sales for the quarter, driven by strong demand and operational efficiency. Consolidated EBITDA soare...
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...
We have guided for a Rs 5000 crore capex in FY24: Satish Pai, HindalcoI think if you look at it largely from a novelist viewpoint, auto and aerospace are doing extremely well and the demand is extremely strong...
Hedged 50% aluminium sales; upside not fully captured: Satish Pai, Hindalco"We will be able to capture more of the upside... The cost of production will go up, but not as much as the LME has gone up. So, the margin...
Novelis to step in to clear the air over Aleris deal: Satish Pai, MD, HindalcoThe European Commission, the EU’s executive branch has a deadline up till October 7 to decide on its investigation into the deal.
Hindalco looks to buy equity stake in a copper mine abroadThe company, a subsidiary of Aditya Birla Group, has 10-year term import contracts for copper concentrates that fulfil 80-90% of its requir...
Good operations and cost control behind Q3 success: Satish Pai, HindalcoWe want to bring down the revenue and income dependent on LME to 20% in 5 years, says Pai.
Hindalco to mostly look at organic growth: Satish PaiThe only slight negative is when you put the extra 10% on the customs duty, some of our input costs will go up. But we should be able to ma...
Hindalco shares slip on share sale planThe metal flagship of the Aditya Birla Group is ‘relentlessly focused on deleveraging’ in the short term, Hindalco Managing Director Satish...
Hindalco Industries finds its feet after two turbulent yearsBirla group’s aluminium company to focus on reducing its leverage ratio by selling non-core assets and improving operating profit under new...