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
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Hindalco's U.S. unit Novelis files for IPO
Novelis expects to complete the public offering after the SEC completes its review process.
Hindalco Q1 profit falls 40% to ₹2,454 cr
U.S. arm Novelis reports revenues of $4.1 billion, impacted by lower average aluminium prices and subdued shipments.
Hindalco Q4 profit dips 37% to ₹2,411 cr on macro-economic challenges
Hindalco’s Q4 consolidated revenue was flat on YoY basis at ₹55,857 cr; EBITDA dips 23% over higher input costs, unfavourable macros
Hindalco Q3 profit falls 63% to ₹1,362 cr on high input costs
Revenue of Aditya Birla Group metals flagship rises 6% to ₹53,151 crore in Q3 FY23; EBITDA down 48% YoY to ₹3,930 cr.
Hindalco Q4 results: Net profit doubles to ₹3,851 crore
The aluminium maker's revenue from operations jumped 38% year-on-year to ₹55,764 crore in the fourth quarter.
Hindalco Industries shares drop 3% in opening trade; here’s why
Shares of Hindalco Industries dropped even after its U.S. subsidiary, Novelis, reported strong earnings in the March quarter of 2022.
Novelis to invest $2.5 billion in US aluminium plant
This is also the largest global greenfield expansion project of the Aditya Birla Group.
Massive debt reduction to support Hindalco’s global expansion
The non-ferrous metal producer plans to invest $3 billion in five years.
Covid-19 failed to derail India’s investment banking
Despite the raging Covid-19 pandemic and economic disruptions due to it, Indian investment banking activities grew, hitting a three-year high in 2020, with revenues touching $1.03 billion.
