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HINDALCO US EXPANSION
The rupee warning: Six actions for business leadersThe Indian rupee is dipping to historic lows, approaching the 100-dollar threshold. Driven by market sentiment and a perilous cycle of fore...- Hindalco, Nalco shares jump up to 5% after aluminium prices hit 4-year high. Where is metal headed?Hindalco and Nalco shares climbed as aluminium prices hit a four-year peak. Geopolitical tensions in Iran and possible production curbs in ...
- The aluminium boom is here: Why Morgan Stanley says Hindalco is set to explodeMorgan Stanley initiated coverage on Hindalco Industries with an ‘Overweight’ rating and a target price of Rs 1,325, citing a favourable al...
- Hindalco shares in focus after subsidiary acquires US-based AluChem for $125 mnHindalco's subsidiary has acquired US-based AluChem for $125 million, marking its entry into the low-soda tabular alumina space. The move b...
- Hindalco to invest Rs 15,000 cr in Madhya Pradesh to expand aluminium smelting capacityHindalco Industries plans to invest Rs 15,000 crore in Madhya Pradesh over the next two years, enhancing its footprint in the region. This ...
- Hindalco to spend $10 billion on expanding operations in India and US: KM BirlaHindalco Industries plans to invest $10 billion in expanding its capacities across India and its US subsidiary Novelis Inc, as announced by...
- Hindalco to pump in USD 10 billion for expansion in India, US: KM BirlaHindalco is currently evaluating a nearly 200,000 tonne-brownfield expansion at its Aditya Aluminium smelter in Odisha, which will be subst...
- 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...
- 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...
- Novelis refinance costs dent Hindalco Q4 profitCompany reports 43% drop in consolidated profit, optimistic about U-shaped recovery.
- Hindalco Q3 results: Profit plunges 24% to Rs 1,062 crore; top line drops 12%Pai said that Hindalco’s strategic expansion projects in India and Novelis are on track.
- Hindalco’s next phase of growth is going to be in downstream: Satish PaiIn Q1, the cost of production is going to be 3% lower, says Hindalco MD.
- 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...
- Rs 1,300 crore Utkal expansion to be completed in 30 months: HindalcoCommenting on the expansion in the domestic market, Hindalco's Satish Pai said, "we will wait for some more time because we still need to b...
- Fall in aluminium stocks an opportunity to buy?Shares of Indian aluminium companies like Hindalco, Nalco and Vedanta mirrored the fall in aluminium price.
- Hindalco eyeing high-speed rail and defence segments: MD Satish PaiIn auto, we are looking at organic expansion in two places: the US and Asia. The US will probably be the first place, said Hindalco MD.
- Hindalco on good wicket, stock could rise up to 20%FY17 is expected to be supportive of its performance as most of the company’s capacity expansion is done and it will become free-cash flow ...
- Novelis set to refinance Hindalco debtNovelis will on Friday close a deal that will refinance the debt taken by Hindalco but at a higher rate, said people with direct knowledge ...
- 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.
- Deal propels Hindalco higher on value chainThe acquisition of Novelis will help Hindalco round off its production capacities in many ways.
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