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Novelis may take bridge loans for higher capex, says Hindalco MD

Novelis, a subsidiary of Hindalco, will now spend $4.1 billion on its integrated recycling and rolling plant being set up in Bay Minette, US as compared to $2.7-$2.8 billion estimated earlier. Novelis was to initially fund this capex through internal accruals. ....

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3 major Gulf Coast employers partnering with Baldwin Preparatory Academy

College isn't for everyone, that's what the principal at Baldwin Preparatory told me this morning. He says even if a student doesn't follow the path to higher e ....

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Hindalco's shine relies on aluminium prices

The profitability of Hindalco’s India business hinges on how aluminium prices behave on the London Metal Exchange (LME). ....

City Of , United Kingdom , Satyadeep Jain , Novelis Inc , London Metal Exchange , View Full Image , Kotak Institutional Equities , Aluminum Prices ,

Hindalco Industries: All-round performance in Q2FY24

Higher earnings from Novelis and stable aluminium prices are likely to aid in earnings recovery ....

Hindalco Industries , Aluminium Prices , Flat Rolled Products ,

hindalco stock price: Hindalco Q2 net flat, says Novelis on recovery path

Revenue from the company s American subsidiary Novelis, which accounts for three-fifths of the consolidated revenue, declined more than a tenth to ₹33,961 crore. The American unit reported an EBITDA of ₹3,998 crore, down 1% year-on-year. "Novelis steadily continues on the recovery path," said Satish Pai, managing director, Hindalco. The company reported its highest-ever copper sales during the quarter. ....

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