Hindalco's Novelis targets $6 billion capex for capacity enhancement, sustainability
The aluminium giant has submitted a draft registration statement with the Securities and Exchange Commission (SEC) of the US for IPO
The aluminium giant has submitted a draft registration statement with the Securities and Exchange Commission (SEC) of the US for IPO
Novelis expects to complete the public offering after the SEC completes its review process.
Novelis reported YoY improvement in net income and adjusted EBITDA in Q3 FY24, driven by higher pricing and lower operating costs.
The Aditya Birla Group company plans to invest ₹800 crore to build a new plant near Sambalpur in Odisha.
Hindalco has inked a power purchase agreement with Seven Renewable Power for the acquisition of a 26% stake in the company.
The hazardous nature of e-waste is compounded by improper handling leading to a significant loss of valuable materials, says Kumar Mangalam Birla
Revenue of Aditya Birla Group metals flagship rises 6% to ₹53,151 crore in Q3 FY23; EBITDA down 48% YoY to ₹3,930 cr.
Global presence across multiple businesses ensures that he is readying the business for perpetuity.
Hindalco reported its best-ever quarterly profitability levels on account of better macros, and robust performance of its aluminium downstream and copper subsidiaries.
The aluminium maker's revenue from operations jumped 38% year-on-year to ₹55,764 crore in the fourth quarter.