Hindalco subsidiary Novelis postpones U.S. IPO
Novelis says it will continue to evaluate the timing of the offering in the future.
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Hindalco shares hit record high ahead of Novelis IPO
The proposed IPO is an offer for sale by the existing promoter Hindalco Industries.
Hindalco's Novelis eyes $12.6 bn IPO valuation
The aluminium recycler is looking to raise up to $945 million by offering 45 million shares at a price range of $18 and $21 each.
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
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.
