Hindalco shares plummet 7% as U.S.-based arm Novelis reports weak Q2
Novelis has withdrawn its EBITDA per tonne guidance over concerns surrounding ‘accelerating’ tightening of scrap spreads with liberalisation of scrap import by China.
novelis
November 2024
August 2024
June 2024
May 2024
March 2024
February 2024
August 2023
May 2023
Hindalco to invest $10 bn to expand India biz, Novelis: KM Birla
Hindalco's Silvassa extrusion plant and Chakan battery fabrication plant will be pivotal in tapping into the growing EV market.
Hindalco Q1 profit jumps 25% to ₹3,074 cr
Aditya Birla Group’s metals flagship's revenue from operations increased 7.6% year-on-year to ₹57,013 crore during the first quarter
Hindalco subsidiary Novelis postpones U.S. IPO
Novelis says it will continue to evaluate the timing of the offering in the future.
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
