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Statutory approval process initiated for solar projects at four sites: Hindalco

Statutory approval process initiated for solar projects at four sites: Hindalco
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Hindalco industriesAditya birla groupHindalco industries onHindalco industries ltdIndustries ltdAditya birlaஹிந்டல்கோ தொழில்கள்ஹிந்டல்கோ தொழில்கள் ஆன்ஹிந்டல்கோ தொழில்கள் லிமிடெட்தொழில்கள் லிமிடெட்

Hindalco consolidated third quarter profit soars 77% to Rs 1,877 cr

Hindalco Industries on Wednesday reported 76.74 per cent growth in consolidated profit after tax (PAT) at Rs 1,877 crore during the quarter ending December 31, 2020, compared to the same quarter of the previous financial year mainly driven by strong performance by Novelis and India aluminium business. The company s PAT during the third quarter of 2019-20 stood at Rs 1,062 crore, Hindalco said in a BSE filing. The consolidated revenue from operations of Hindalco for the quarter under review went up by 19.73 per cent to Rs 34,958 crore compared to Rs 29,197 crore in the corresponding quarter of FY20. The strong third quarter is due to robust performance by Novelis and domestic aluminium business, which was supported by higher volumes and better product mix, lower input costs, stability in operations and cost saving actions, Hindalco Industries Managing Director Satish Pai told reporters in a virtual press conference.

City ofUnited kingdomSatish paiLondon metal exchangeHindalco industriesHindalco industries onHindalco industries managing director satish paiAditya birla groupAluminium value added productsManaging directorநகரம் ஆஃப்ஒன்றுபட்டது கிஂக்டம்சத்தீஷ் பைலண்டன் உலோகம் பரிமாற்றம்ஹிந்டல்கோ தொழில்கள்ஹிந்டல்கோ தொழில்கள் ஆன்

Hindalco q3 earnings: Hindalco Q3 results: Profit soars 77% to Rs 1,877 crore

Explore Now Mumbai: Aditya Birla group’s flagship company Hindalco Industries Ltd reported a 77% year-on-year jump in consolidated net profit for the December quarter at Rs 1,877 crore as against a net profit of Rs 1,062 crore during the same quarter last year, mainly on account better volumes from India operations and record-high shipments from Novelis. “Novelis achieved record shipments, driven by strong demand across product end markets. The India Business delivered an excellent performance with Aluminium value-added products continuing to record higher volumes,” said Satish Pai, Managing Director, Hindalco Industries. With growing profits and rising share of steady cash-generating aluminum conversion business, Hindalco has announced that it will come up with a capital allocation plan, which will also include regularly sharing profits with the shareholders.

Satish paiHindalco industriesAditya birla groupHindalco industries onManaging directorAditya birlaHindalco q3 earningsQ3 earningsHindalco industries ltdசத்தீஷ் பைஹிந்டல்கோ தொழில்கள்ஹிந்டல்கோ தொழில்கள் ஆன்நிர்வகித்தல் இயக்குனர்ஹிந்டல்கோ தொழில்கள் லிமிடெட்