Page 6 - Hindalco Industries

Lower realisations impact Hindalco's India numbers, Novelis comes to aid

Strong show by Novelis lends support to consolidated numbers in June quarter, and is likely to do so moving forward, too

Hindalco Industries' Q1 consolidated net at Rs 1,063 cr, down 28% YoY

Lower LME prices, global downturn impact performance

EU objects to Hindalco's plan to buy aluminum producer Aleris Corp

Tata Steel and ThyssenKrupp AG abandoned their steel joint venture in May shortly before the EU formally vetoed it

Will stick to Sept deadline for Novelis-Aleris deal: Hindalco's Satish Pai

Hindalco MD Satish Pai says 'nothing extraordinary or unforeseen' in getting European Commission permission for Novelis-Aleris.

Hindalco Industries Q4 profit down 37% to Rs 236 cr on higher input costs

Hindalco's standalone income during January-March quarter increased to Rs 12,733.23 crore

Hindalco Industries eyes lithium to strengthen its aluminium business

The company, part of the $44.3-billion Aditya Birla Group, is looking for the minor mineral via its mining arm, Essel Mining & Industries (EMIL)

Hindalco to invest Rs 60 bn in downstream facilities in four years

Satish Pai, managing director of Hindalco told media persons that the expansion of downstream facilities takes time and will be done in a phased manner

Hindalco Q2 profit dips 21% to Rs 3 bn as rising input costs hit expenses

Hindalco's bottomline including earnings from Utkal Alumina stood at Rs 7.25 bn, up 54% from last year

Hindalco Industries Q1 profit surges to Rs 4.14 bn, misses estimates

Revenue from operations inched up 1.7% to Rs 105.93 billion

Hindalco gains 7% as arm Novelis to buy Aleris

The stock was up 7% to Rs 220 on the BSE after the company announced the acquisition of a global aluminium rolled products major Aleris at an enterprise value of US $ 2.58 billion.

Hindalco Industries to invest Rs 4,000 cr on Hirakud rolling mill expansion

Aditya Birla Group owned Hindalco Industries Ltd has firmed up plans to expand the capacity of its downstream mill at Hirakud in western Odisha. The facility makes flat rolled products (FRP) and will see an investment of Rs 4000 crore for ramping up capacity from 135,000 tonnes per annum now to 375,000 tonnes."We are looking for 100 acres of contiguous land to complete the expansion. Most of the products manufactured at the Hirakud FRP are exported. We are witnessing a very good demand for such products and this is driving our expansion", said R K Gupta, head (Sambalpur cluster), Hindalco Industries.Group company Aditya Aluminium owns an aluminium smelter of 0.36 million tonnes per annum capacity supported by 900 Mw CPP at Lapanga in Sambalpur district. It also has an FRP facility for rolled products, extrusion products and wire rods.Hindalco is in talks with Apar Industries for setting up a wire rod conductor making facility close to its smelting unit."We are not going to offer any ..

Hindalco Industries to soon meet FY18 pre-payment target of Rs 9,000 crore

Hindalco Industries, the country's largest aluminium producer, will soon meet its prepayment target of Rs 9,000 crore for the current fiscal. Having already prepaid a total of Rs 7,850 crore so far this year and with another Rs 1,100 crore to be prepaid later this month, the Aditya Birla Group company is almost there in terms of achieving its prepayment target of Rs 9,000 crore for the current financial year."The effort to deleverage the balance sheet via cash flows and QIP (Qualified Institutional Placement) is a significant feature in the performance of Hindalco Industries and going ahead the interest cost is seen coming down," chairman Kumar Mangalam Birla said in response to shareholders questions here today. He was speaking at the 58th annual general meeting of the company. For the current financial year, deleveraging will save Rs 800 crore of interest cost for Hindalco.Due to capex plans for its Utkal alumina refinery and Aditya smelter, the company's balance sheet had been ...

Strong prospects for Hindalco

Hindalco produced four per cent more aluminium and two per cent more alumina on a y-o-y basis

Hindalco posts lower-than-expected Q1 net at Rs 290 cr on higher provision

Bloomberg consensus estimate for the net profit was Rs 389 crore

Hindalco board to raise Rs 4,400 cr via debt

The meeting of the board of directors is scheduled for August 11

We plan to invest Rs 5,000 crore to increase capacity in India: Satish Pai

Hindalco announced a 7 per cent revenue growth to Rs 39,383 crore for FY17

Hindalco Industries Q4FY17 profit rises to 26%, tops estimates

Profit rose to Rs 503 crore in the quarter ended March 31, from Rs 400 crore a year earlier

Hindalco shares gain as company plans QIP to raise funds

Reacting to the development, the stock of the company rose nearly 3% to Rs 195 on the BSE

Hindalco fixes price at Rs 184.45 for QIP issue

Hindalco is one of the leading integrated primary producer of aluminium in Asia

Hindalco to invest Rs 700 crore on de-bottlenecking Utkal alumina refinery

Aditya Birla Group owned Hindalco Industries plans to invest Rs 500-700 crore on de-bottlenecking its Utkal alumina refinery project in Odisha's Rayagada district."Yes, we are already working on, let say the engineering designs for that de-bottlenecking. I will just leave at that because, I think in 2017-18 we would have got the complete engineering and the de-bottlenecking sorted out. So, really it is a question of whether you put in a completely new train or just de-bottlenecking and to be clear,our preference right now is to de-bottleneck and that is why we have applied for clearances to go up to about 2.25 (million tonne) as a first range", Satish Pai, managing director, Hindalco Industries said in an earnings conference call.The de-bottlenecking is expected to be done in 18 months. The Utkal refinery is fed by the company's captive Baphlimali bauxite mines with enough reserves to cater to the refinery's requirement for 25 years after its ramp-up. The mine contains .