Hindalco Industries

Hindalco Q2 results: PAT jumps 78% to Rs 3,909 cr on high aluminium prices

The company, owned by the Aditya Birla Group, said its consolidated net profit jumped 78 per cent to Rs 3,909 crore ($463.3 million) for the three months ended Sept. 30

Q2 results today: Hindalco, ONGC, Britannia among 321 to post earnings

Q2 company results, November 11: Shree Cements, Jubilant FoodWorks, Bank of India, NMDC, and Ramco Cements will release their Q2FY25 results today

Hindalco industries joins International Copper Association as new member

Global industry body International Copper Association (ICA) has elected Aditya Birla Group firm Hindalco Industries Ltd as its newest member. Operating since 1958, Hindalco Industries., the metals flagship firm of the Aditya Birla Group, is a leading copper and aluminium producer. The company produces copper cathodes and continuous cast copper rods for domestic and international markets. "We are excited to join ICA and collaborate with the global copper fraternity to develop the value chain for this critical metal for the world's net zero transition," Rohit Pathak, CEO-Copper Business of Hindalco was quoted as saying in a press statement. India is going to be one of the most exciting hubs for Copper and its products over the next few decades, he said. ICA President Juan Ignacio Daz said, "We are excited to welcome Hindalco Industries to ICA as a key global industry player, sharing our vision to advance the future of human development." ICA is a not-for-profit trade association ...

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NTPC is displaying a strong uptrend, characterised by a steady pattern of higher highs and higher lows.

Hindalco plans to start solar module manufacturing in Gujarat: Report

The solar module manufacturing will be a good fit given Hindalco's dominance in aluminium manufacturing, one of the sources said

Hindalco Industries defers Novelis IPO in US, citing market conditions

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

Hindalco-owned Novelis delays IPO amid weak market conditions, shares fall

The delay will likely have a short-term negative impact on Hindalco, said Sneha Poddar, associate vice president at Motilal Oswal Financial Services

Hindalco's shares rise by 3.5% after subsidiary Novelis firms up IPO plan

Hindalco, a leading aluminium and copper manufacturer, holds a 100 per cent stake in Novelis, which is in a similar business

Hindalco Industries owned Novelis targets $12.6 bn valuation in US IPO

The U.S. IPO market has shown positive indications of a turnaround in 2024, after two sub par years, on hopes of rate cuts in the second half of the year and a soft landing for the economy

Strong performance in Q4 leads to upgrades for Hindalco Industries

The strong show across metals and value-added products, plus higher margins in Novelis indicates good trends

Hindalco Industries Q4 results: Net profit jumps 32% on improved margins

Wins a copper mine in auctions, scouts for nickel, lignite cobalt in India auctions.

Hindalco Q4 results: Net profit rises 31.6% to Rs 3,174 crore, revenue flat

Hindalco Q4 FY24 results: The company's board recommended final dividend of at Rs 3.50 per share for the year ended March 31, 2024

Novelis files registration statement with US SEC for proposed IPO

In February, Novelis announced plans to pursue a US market IPO of shares to be offered by its sole shareholder - Hindalco

Hindalco's arm Novelis files paper with US securities regulator for IPO

Hindalco Industries on Tuesday said its arm Novalis Inc has filed papers with the US securities regulator, the Securities and Exchange Commission, for its proposed Initial Public Offering (IPO). Novelis will be listing its common shares on the New York Stock Exchange. Hindalco, the flagship company of Aditya Birla Group, did not disclose the size of the IPO of its wholly-owned subsidiary Novelis Inc. It also did not give any timeline to hit the market with its public issue. The common shares are expected to be offered by Novelis' sole shareholder -- A V Minerals (Netherlands) NV, also, a fully-owned subsidiary of Hindalco Industries Limited. Novelis Inc will not receive any proceeds from the sale of common shares by its sole shareholder. Hindalco owns 100 per cent of Novelis through AV minerals. In a regulatory filing, the company said, "it has filed a registration statement on Form F-1 with the Securities and Exchange Commission (the SEC) relating to the proposed initial public .

Coast Guard, Hindalco ink MoU for manufacturing marine-grade aluminum

The Indian Coast Guard (ICG) and a leading industry group have joined hands for manufacturing and supply of indigenous marine-grade aluminium to the country's public and private shipyards for the construction of ships, the defence ministry said on Friday. In a statement, it said ICG and Hindalco Industries inked a Memorandum of Understanding (MoU) here on Thursday. The MoU is for the manufacturing and supply of indigenous marine-grade aluminium to Indian public and private shipyards for the construction of ships. "It will also provide benefits such as quarterly pricing, priority in supplies and turnover discount," the statement added. The ICG fleet is presently operating 67 ships with aluminium hulls with the capability of operating in shallow waters. To further boost coastal security, it has planned to induct more such vessels where the indigenously manufactured marine-grade aluminium will be utilised, the ministry said. The MoU was signed in the presence of senior officials of t

Hindalco Ind gains 5% on report of Novelis Inc's likely IPO in US

On successful completion of its IPO, Novelis will be among the few subsidiaries of Indian companies to be listed separately on foreign bourses

Billionaire Birla's Hindalco Industries bids for critical minerals leases

India currently needs to import most critical minerals, and access to local mines is important for the growth of the electric vehicles market and the renewable-power sector.

Hindalco Industries Q3 results: Net profit up 71.1% on lower costs

Novelis Bay Minette project to see cost escalation of more than $1 bn

Hindalco Industries Q3 result: Profits rise 71% to reach Rs 2,331 cr

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.

Hindalco well-placed in emerging demand-supply scenario for aluminium

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