HINDALCO.BO - Hindalco Industries Limited

BSE - BSE Real Time Price. Currency in INR
210.00
+0.40 (+0.19%)
At close: 3:58PM IST
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Previous Close209.60
Open209.05
Bid210.00 x 0
Ask0.00 x 0
Day's Range208.45 - 212.00
52 Week Range171.25 - 221.20
Volume230,741
Avg. Volume405,519
Market Cap468.132B
Beta (5Y Monthly)1.15
PE Ratio (TTM)10.14
EPS (TTM)20.70
Earnings DateN/A
Forward Dividend & Yield1.20 (0.56%)
Ex-Dividend DateAug 14, 2019
1y Target Est305.58
  • Reuters

    UPDATE 1-GFG agrees to buy Duffel aluminium plant in Belgium from Novelis

    GFG Alliance, owned by British commodities tycoon Sanjeev Gupta, has agreed to buy the Duffel aluminium plant in Belgium from Novelis, the group said on Friday. The deal for the plant, which supplies the auto industry and is one of the largest rolling mills in Europe, adds to a string of acquisitions in steel and aluminium across Europe by Gupta's privately-held group. "The deal is consistent with GFG Alliance’s strategy to create an international, vertically integrated aluminium business," GFG said in a statement.

  • Reuters

    LMEWEEK-Anti-plastic trend raising aluminium demand -Novelis

    Moves to reduce plastic packaging to protect the environment are starting to increase demand for aluminium packaging, the European head of Novelis, the world's largest producer of rolled aluminium products, said. Aluminium demand will also be underpinned by a trend towards more electrically powered cars, Novelis senior vice president and Europe president Emilio Braghi told Reuters in an interview for LME Week, an event for the global metal industry. “Consumers want more sustainable beverage packaging options, which is having a direct and positive impact on aluminium demand as aluminium cans provide a sustainable alternative to single-use plastic bottles,” Braghi said.

  • Reuters

    EU Commission clears Novelis' acquisition of Aleris, with conditions

    The European Commission said on Tuesday it had approved the acquisition of aluminium automotive body sheets producer Aleris by its larger competitor Novelis on the condition that it sells Aleris's sheets business in Europe. Under EU law, the Commission watches over competition issues in the bloc, and has to approve mergers and acquisitions. "The Commission found that the divested assets constitute a viable integrated business that would enable a suitable buyer to effectively compete with the merged entity.

  • U.S. sues to stop Novelis purchase of Aleris
    Reuters

    U.S. sues to stop Novelis purchase of Aleris

    The U.S. Justice Department on Wednesday filed a lawsuit aimed at stopping Novelis Inc's proposed $2.6 billion purchase of Aleris Corp because of concern over higher prices for aluminium sheet used to make cars. The department said in a statement that the deal would combine two of the four major North American producers of aluminium to make automobile bodies. The department described Ohio-based Aleris as an "aggressive competitor" and said the deal would give Novelis up to 60% of projected domestic capacity.

  • Reuters

    UPDATE 2-U.S. sues to stop Novelis purchase of Aleris

    The U.S. Justice Department on Wednesday filed a lawsuit aimed at stopping Novelis Inc's proposed $2.6 billion purchase of Aleris Corp because of concern over higher prices for aluminum sheet used to make cars. The department said in a statement that the deal would combine two of the four major North American producers of aluminum to make automobile bodies. The department described Ohio-based Aleris as an "aggressive competitor" and said the deal would give Novelis up to 60% of projected domestic capacity.

  • Novelis' $2.6 billion Aleris deal set for EU green light: sources
    Reuters

    Novelis' $2.6 billion Aleris deal set for EU green light: sources

    U.S. aluminium producer Novelis is set to secure EU antitrust approval for its $2.6 billion bid for Aleris, people familiar with the matter said on Thursday. Novelis, which is U.S.-based but owned by India's Hindalco Industries, has agreed to sell Aleris' Belgian plant, the people said, to address European Commission worries that the deal may reduce competition and lead to higher prices, hitting carmakers in particular. The Commission, which is scheduled to decide on the case by Oct. 7, declined to comment.

  • Exclusive: Novelis' $2.6 billion  Aleris deal set for EU green light - sources
    Reuters

    Exclusive: Novelis' $2.6 billion Aleris deal set for EU green light - sources

    U.S. aluminum producer Novelis is set to secure EU antitrust approval for its $2.6 billion bid for Aleris, people familiar with the matter said on Thursday. Novelis, which is U.S.-based but owned by India's Hindalco Industries, has agreed to sell Aleris' Belgian plant, the people said, to address European Commission worries that the deal may reduce competition and lead to higher prices, hitting carmakers in particular. The Commission, which is scheduled to decide on the case by Oct. 7, declined to comment.

  • Reuters

    UPDATE 1-Novelis offers concessions to address EU concerns about Aleris deal

    U.S. aluminium producer Novelis has offered concessions to address EU antitrust concerns over its $2.6 billion bid for aluminium producer Aleris , a filing on the European Commission website showed on Monday. The Commission has expressed worries about reduced competition and higher prices as a result of the deal, with carmakers in particular feeling the impact. The EU competition enforcer did not provide details of the concessions, in line with its policy.

  • Novelis offers concessions to address EU concerns about Aleris deal
    Reuters

    Novelis offers concessions to address EU concerns about Aleris deal

    U.S. aluminium producer Novelis has offered concessions to address EU antitrust concerns over its $2.6 billion bid for aluminium producer Aleris, a filing on the European Commission website showed on Monday. The Commission has expressed worries about reduced competition and higher prices as a result of the deal, with carmakers in particular feeling the impact. The EU competition enforcer did not provide details of the concessions, in line with its policy.

  • Exclusive: Novelis must offer concessions or face EU veto to $2.6 billion Aleris deal - sources
    Reuters

    Exclusive: Novelis must offer concessions or face EU veto to $2.6 billion Aleris deal - sources

    U.S. aluminium maker Novelis must offer concessions to European Union competition authorities by Aug. 9 to gain approval for its $2.6 billion takeover of aluminium processor Aleris, sources close to the matter said. The European Commission conducted a four-month investigation of the acquisition and last month set out its concerns over how the deal could hurt competition, particularly for carmakers that use the companies' products. The EU competition enforcer, which is scheduled to decide on the case by Sept. 16, and Novelis declined to comment.

  • Reuters

    No Novelis concessions for now despite EU concerns over Aleris bid -sources

    U.S. aluminium producer Novelis has no plans for now to offer concessions despite EU antitrust objections over its $2.6 billion buy of processor Aleris, people close to the situation said on Thursday. Novelis, a U.S. unit of India's Hindalco Industries Ltd , announced a bid for Aleris in July last year to gain a foothold in supplying the aerospace industry and other value-added businesses globally. One of the world's biggest suppliers of aluminium sheets for beverage cans and car parts, Novelis is making its biggest acquisition as part of its diversification into premium markets.

  • Reuters

    Nifty, Sensex end weaker amid trade worries; Reliance top drag

    BENGALURU (Reuters) - Indian shares fell sharply on Tuesday to mark their worst close in nearly six weeks, dragged lower by index heavyweights such as Reliance Industries Ltd, amid lingering trade tensions ...

  • Reuters

    EU opens anti-trust probe into aluminium firm Novelis' plans to buy Aleris

    EU anti-trust regulators said on Monday they had opened an investigation into U.S. aluminium firm Novelis Inc's plans to buy processor Aleris Corps. "Our in-depth investigation aims to ensure that the acquisition of Aleris by Novelis does not have a negative impact on effective competition in aluminium markets and does not lead to less choice and higher prices for European industrial customers," Europe's antitrust chief Margrethe Vestager said in a statement. Novelis, a U.S. unit of India's Hindalco Industries Ltd , said in July it had agreed to buy Aleris for $2.6 billion, giving it a foothold in supplying the aerospace industry and other value-added businesses globally.

  • Reuters

    Hindalco third-quarter profit plunges on higher input costs

    (Reuters) - Aluminium producer Hindalco Industries Ltd posted a 34.4 percent drop in third-quarter profit on Tuesday, hurt by increase in input costs, mainly of coal and furnace oil. Standalone net profit ...