Hindalco Aluminium

The development is likely to curtail China's aluminium exports, thereby tightening global supply and driving up prices, ICICI Securities said

US subsidiary of Hindalco Industries says it will continue evaluate timing of the offering

Aditya Birla Group's metal flagship Hindalco Industries on Tuesday reported 71.1 per cent rise in consolidated net profit at Rs 2,331 crore for the quarter ended December 31, 2023. The company had posted a net profit of Rs 1,362 crore in October-December FY23, Hindalco Industries said in a filing to BSE. Total income during the quarter under review dropped to Rs 52,808 crore from Rs 53,151 crore in the year-ago period. Hindalco is the world's largest aluminium company by revenues and a major player in copper. It caters to more than half of the country's copper requirement.

Even with the cap, China holds 57 per cent of global production capacity

The collaboration between Hindalco Industries Ltd and Metra SpA marks a pivotal move to bring world class technology

The stock of Hindalco is attempting to close decisively above the resistance of Rs 475 with strong volume

Cost controls cushion domestic profitability in Q4, and US arm Novelis supports consolidated performance

These bags have an aluminium foil lamination so that the laddoos retain freshness and aroma and remain free from moisture and bacteria

Approval is subject to the sale of Aleris' unit in Duffel, Belgium

The alumina refinery is being ramped up to three million tonnes per annum. The expansion is slated to be completed by FY21 and is estimated to cost around Rs 5000 crore

At 09:44 am; Nifty Metal index, the largest loser among sectoral indices, was down 2.7% as compared to 0.11% rise in the Nifty 50 index.

With US arm in conversion business and domestic business hedged, analysts see limited impact on company's FY19 profit