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Hindalco Industries Limited (HINDALCO.BO)

631.80

-4.50

(-0.71%)

As of 11:46 AM GMT+5:30. Market Open.

Aluminum products maker Novelis confidentially files for US IPO

Aluminum products maker Novelis has confidentially filed papers with the SEC, joining the likes of Reddit seeking to gauge investor interest in an IPO.

Reuters 2 months ago

HINDALCO.BO
-0.71%
India's Hindalco to invest $96 million to set up battery foil plant in Odisha state

BENGALURU (Reuters) -Hindalco Industries said on Tuesday it will invest 8 billion rupees ($96 million) to set up a battery foil manufacturing facility to tap the expanding electric vehicles market in India . The plant, set to be opened in the eastern state of Odisha, is slated to be operational by July 2025 and will produce 25,000 tonnes of aluminium foils, a key component in lithium-ion cells essential for rechargeable batteries, which are primarily used in electric vehicles (EVs), the company said in a statement. The domestic EV market is expected to grow at a compound annual growth rate of 49%, amounting to yearly sales of 10 million units by 2030, according to a recent annual Economic Survey.

Reuters 4 months ago

HINDALCO.BO
-0.71%
20 Most Valuable Mining Companies in the World

This article will list the top global mining companies and their current dynamics. If you want to skip our overview of the recent development in the mining sector, read 5 Most Valuable Mining Companies in the World. According to the Business Research Company, the global mining industry was valued at $2.14 trillion in 2023, an increase from $2.02 trillion […]

Insider Monkey 5 months ago

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Indian aluminium producer Hindalco misses Q2 profit view on lower prices, demand

BENGALURU (Reuters) -India's Hindalco Industries, one of the country's largest aluminium and copper producers, reported a smaller-than-expected quarterly profit on Friday, hurt by lacklustre aluminium prices and demand. The Aditya Birla Group-owned company, which operates in 10 countries, said its consolidated net profit fell to 21.96 billion rupees ($263.33 million) in the three-month period ended Sept. 30, from 22.05 billion rupees a year earlier. Average aluminium and zinc prices slumped in the second quarter, with the London Metal Exchange's aluminium rates dropping 5.1% and alumina sliding 4.1% quarter-on-quarter, analysts said.

Reuters 5 months ago

HINDALCO.BO
-0.71%
Southern Co. (SO), Novelis Partner to Build Two Solar Plants

Southern Co.'s (SO) unit, Alabama Power, and Novelis join forces to build 80-MW solar plants, aiding decarbonization and supporting the latter's carbon-neutral goal.

Zacks 6 months ago

HINDALCO.BO
-0.71%
SO

CPYYF
LME WEEK-Novelis Europe to exclude Russia from 2024 metal supply tender

Novelis Europe, a unit of the world's largest producer of rolled aluminium products Novelis , says it will again exclude Russian aluminium from its 2024 metal supply tender. Russian metal is again in focus as the industry goes into the so-called mating season when consumers, producers and traders agree deals to buy and sell aluminium for 2024. Novelis still buys some aluminium from Russia's Rusal , under contracts agreed before Russia invaded Ukraine last year, but since then it has shunned new deals for Russian aluminium, the U.S.-based company's CEO said in August.

Reuters 6 months ago

HINDALCO.BO
-0.71%
0486.HK
No new Novelis deals to buy Russian aluminium since Ukraine war

Novelis is still buying some aluminium from Rusal under contracts agreed before Russia invaded Ukraine, but since the war started last year it has shunned new deals with the Russian firm, the U.S.-based company's Chief Executive Steve Fisher told Reuters. Rusal's aluminium will again come under the spotlight as the industry meets next month for what is known in the industry as the mating season, when producers, consumers and traders agree deals to buy and sell aluminium for 2024. Currently there are no sanctions on Russian metal, but many consumers will not buy aluminium produced by Rusal, which accounts for 6% of global mined production estimated at around 70 million metric tons this year.

Reuters 7 months ago

HINDALCO.BO
-0.71%
0486.HK
India's Hindalco Q4 profit drops 37%; sees strong demand ahead

India's Hindalco Industries, one of the country's largest aluminium and copper producers, reported a 37.4% drop in fourth-quarter profit on Wednesday as expenses mounted. Consolidated net profit for the firm, the flagship metals producer of the Aditya Birla Group, fell to 24.11 billion rupees ($294.82 million) in the quarter ended March 31, compared with a profit of 38.51 billion rupees a year ago. However, Hindalco's second biggest segment copper saw a revenue growth of 14.5%.

Reuters 10 months ago

HINDALCO.BO
-0.71%

Performance Overview

Return	HINDALCO.BO	S&P BSE SENSEX
YTD	+2.75%	+2.29%
1-Year	+48.67%	+23.05%
3-Year	+83.65%	+54.34%

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Hindalco Industries Limited (HINDALCO.BO)

Aluminum products maker Novelis confidentially files for US IPO

India's Hindalco to invest $96 million to set up battery foil plant in Odisha state

20 Most Valuable Mining Companies in the World

Indian aluminium producer Hindalco misses Q2 profit view on lower prices, demand

Southern Co. (SO), Novelis Partner to Build Two Solar Plants

LME WEEK-Novelis Europe to exclude Russia from 2024 metal supply tender

No new Novelis deals to buy Russian aluminium since Ukraine war

India's Hindalco Q4 profit drops 37%; sees strong demand ahead

Performance Overview