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Hindalco Industries Ltd News

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 Industries defers Novelis IPO in US, citing market conditions
Updated On : 05 Jun 2024 | 1:14 PM IST

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-owned Novelis delays IPO amid weak market conditions, shares fall
Updated On : 05 Jun 2024 | 11:54 AM IST

Hindalco slumps 6% on deferring Novelis IPO amid valuation concerns

Novelis Inc, Hindalco Industries' US subsidiary, postponed its initial public offering (IPO) for the time being due to market conditions, the company said in an exchange filing today

Hindalco slumps 6% on deferring Novelis IPO amid valuation concerns
Updated On : 05 Jun 2024 | 10:26 AM IST

Stock market guide for May 29: Nifty may open gap-down on weak global cues

All you need to know before the market opens on Wednesday: Technical experts expect Nifty to take support at these levels; Hindalco, Tata Steel and Adani Group shares to be in focus today.

Stock market guide for May 29: Nifty may open gap-down on weak global cues
Updated On : 29 May 2024 | 7:18 AM IST

Hindalco Industries looks to garner $945 million via Novelis US IPO

To offload 45 mn shares, or 7.5% stake, at $18-21 apiece; values arm at $12.6 bn

Hindalco Industries looks to garner $945 million via Novelis US IPO
Updated On : 28 May 2024 | 8:54 PM IST

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 Industries Q4 results: Net profit jumps 32% on improved margins
Updated On : 24 May 2024 | 6:48 PM IST

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

Hindalco Q4 results: Net profit rises 31.6% to Rs 3,174 crore, revenue flat
Updated On : 24 May 2024 | 3:01 PM IST

Hindalco bidding for two nickel, cobalt mines in Maharashtra, K'taka: MD

Aditya Birla Group firm Hindalco Industries on Friday said it is in the process of bidding for two nickel-cobalt mineral blocks in Maharashtra and Karnataka. Speaking to the media, Hindalco Industries Managing Director Satish Pai said the company is not scouting for any critical mineral blocks overseas as there are a lot of blocks that have been put up for sale in India. "We are bidding for two nickel cobalt mines," he said. Critical minerals such as copper, lithium, nickel, cobalt, and rare earth elements are essential components in many of today's rapidly growing clean energy technologies -- from wind turbines and electricity networks to electric vehicles. "We are participating in those auctions. Because we believe there are quite a few interesting mines in India that have not been explored, so the government is coming up with nickel-cobalt mines, lithium mines, copper mines, and we are going to focus more on India than going overseas," he said. The company, he said, had bid for

Hindalco bidding for two nickel, cobalt mines in Maharashtra, K'taka: MD
Updated On : 24 May 2024 | 5:42 PM IST

Q4 results today: Hindalco and Bosch among 252 firms to post earnings

Company Q4 FY24 results today: Ashok Leyland and Zee Media Corporation are among some of the major companies to release their earnings report for the fourth quarter ending on March 31, 2024

Q4 results today: Hindalco and Bosch among 252 firms to post earnings
Updated On : 24 May 2024 | 10:54 AM IST

Stock market guide for May 24: Gift Nifty down 50 pts as global shares slip

All you need to know before the market opens on Friday: Dow Jones tumbled 1.5 per cent last night as fears of delayed Fed rate cut resurfaced; Asian markets down around 1 per cent.

Stock market guide for May 24: Gift Nifty down 50 pts as global shares slip
Updated On : 24 May 2024 | 7:03 AM IST

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

Coast Guard, Hindalco ink MoU for manufacturing marine-grade aluminum
Updated On : 10 May 2024 | 11:05 PM IST

K M Birla's Hindalco Industries mulls seeking $1.2 bn in Novelis IPO

Hindalco may target a valuation of about $18 billion for Atlanta-based Novelis, the people said, asking not to be identified because the matter is private

K M Birla's Hindalco Industries mulls seeking $1.2 bn in Novelis IPO
Updated On : 08 May 2024 | 2:40 PM IST

BSE Metal index surges 3% as base metals climb to multi-year highs

Metal stocks top performers: Here's why metal stocks were in demand on the Dalal Street on Wednesday.

BSE Metal index surges 3% as base metals climb to multi-year highs
Updated On : 24 Apr 2024 | 1:15 PM IST

Hindalco, JSW, Tata Steel: Tech charts hint at mixed outlook for metal stks

The NSE Metal index has rallied 3% so far this week, while the Nifty has edged 0.2% higher. Technical charts suggest select frontline metal shares can rally another 14% from present levels.

Hindalco, JSW, Tata Steel: Tech charts hint at mixed outlook for metal stks
Updated On : 21 Mar 2024 | 12:36 PM IST

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

Hindalco Ind gains 5% on report of Novelis Inc's likely IPO in US
Updated On : 21 Feb 2024 | 10:43 AM IST

Stocks to Watch today: Zee, Hindalco, RIL, Tata Power, Paytm, TVS Supply

Stocks to watch on Wednesday, February 21, 2024: In news today - Sebi finds Rs 2,000 cr fund diversion in Zee; Hindalco arm files IPO papers in US; Rolls Royce extends pact with TVS Supply Chain.

Stocks to Watch today: Zee, Hindalco, RIL, Tata Power, Paytm, TVS Supply
Updated On : 21 Feb 2024 | 8:04 AM IST

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.

Billionaire Birla's Hindalco Industries bids for critical minerals leases
Updated On : 14 Feb 2024 | 11:14 AM IST

Adani Group, Hindalco, Eicher: Five stocks to watch out for on Wednesday

Stocks to watch on Wednesday, February 14, 2024: Shares of Adani Group are likely to be in focus as ratings agency Moody's upgraded outlook on four of the group companies.

Adani Group, Hindalco, Eicher: Five stocks to watch out for on Wednesday
Updated On : 14 Feb 2024 | 7:48 AM IST

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 results: Net profit up 71.1% on lower costs
Updated On : 13 Feb 2024 | 9:58 PM IST

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 Industries Q3 result: Profits rise 71% to reach Rs 2,331 cr
Updated On : 13 Feb 2024 | 2:49 PM IST