[ad_1] Shares of Hindalco Industries Ltd., an Aditya Birla Group company, gained as much as 2% on Friday, February 14, after the company reported a strong performance in the December quarter. Company Value Change %Change Global brokerage firm CLSA maintained an ‘Outperform’ recommendation with a price target of ₹800, citing that Q3 aluminum profitability met […]
Hindalco arm Novelis Q3 net income falls 9% to $110 million; sales rise 4% to $4.1 billion – CNBC TV18
[ad_1] US-based Novelis Inc, which is part of Hindalco Industries, on Monday (February 10) reported a 4% year-over-year (YoY) increase in net sales to $4.1 billion in Q3 FY25, driven by higher aluminium prices, while total rolled product shipments remained stable at 904 kilotonnes. Strong demand for beverage packaging was offset by lower automotive and […]
Hindalco arm Novelis to offer $500-million senior unsecured notes to refinance debt – CNBC TV18
[ad_1] US-based Novelis Inc, which is part of Hindalco Industries, on Wednesday (January 8) announced that it plans to offer $500 million in senior unsecured notes due 2030 in a private offering. The offering is exempt from registration under the Securities Act of 1933. Company Value Change %Change The notes will be guaranteed by Novelis […]
Government allocates Meenakshi coal mine in Odisha to Hindalco Industries – CNBC TV18
[ad_1] Aditya Birla Group’s metal flagship Hindalco Industries Ltd on Monday (December 30) said it has been allocated the Meenakshi coal mine in Odisha. The allocation was formalised through a vesting order issued by the Ministry of Coal. Company Value Change %Change This development follows the successful signing of the Coal Mine Development and Production […]
Hindalco shares are still a ‘buy’, say nearly 80% analysts tracking it – CNBC TV18
[ad_1] Shares of Hindalco Industries Ltd., the Aditya Birla Group company, will be in focus on Tuesday, November 12, following its upbeat results for the September quarter. Hindalco’s Aluminium upstream business reported its highest EBITDA per tonne in the last 10 quarters, reaching $1,349. The segment’s EBITDA was up 79% to ₹3,709 crore supported by […]
Hindalco Q1 Results: Profit more than doubles to ₹1,471 crore, topline rises 11% – CNBC TV18
[ad_1] Aditya Birla Group’s Hindalco Ltd. on Tuesday reported its financial results for the April to June 2024 period in which its net profit more than doubled year-on-year to ₹1,471 crore, supported by favourable macros, operational efficiencies and lower input costs. The same was ₹600 crore in the year-ago period. The aluminum and copper manufacturing […]