Profitability of base metals producers in India is likely to improve in the next three years following an upsurge in demand from power, construction and automotive sectors, the three major segments contributing around 60% of metal consumption.
With Hindalco Industries' profits having taken a hit in FY15, Managing Director Debnarayan Bhattacharya tells Aditi Divekar about his plans to revive the bottom line by focusing on the domestic market and talks about how Novelis plans to counter
Hindalco Industries today reported a much lower-than-expected net profit of Rs 160 crore in the March quarter, down 35% from same period last year, mainly because of higher finance cost and an exceptional item of Rs 146 crore liability provided towards
Aluminium maker Hindalco Industries today reported 36 per cent fall in standalone net profit to Rs 160 crore for the quarter ended March 31, mainly on account of Rs 146 crore liability towards Renewable Power Obligations (RPO).
Shares of Hindalco have dropped over 2.5% to Rs 134 on the BSE in an otherwise firm market after the quarterly earning of its subsidiary Novelis missed expectations as the adjusted EBITDA for the fourth quarter of fiscal 2015 quoted at $201
Shares of Hindalco, a subsidiary of the Aditya Birla group, are trading higher by 2% to Rs 140 on the Bombay Stock Exchange (BSE) on reports that India's largest investor Life Insurance Corp (LIC) increased stake in the company.
The Supreme Court on Wednesday stayed the order of the special court, trying the coal blocks scam cases, which summoned former prime minister Manmohan Singh, industrialist Kumar Mangalam Birla, former coal secretary P C Parakh and three others.
Former prime minister Manmohan Singh on Wednesday moved the Supreme Court against a special court order summoning him as an accused in the case of allocation of Talabira-II coal block in Odisha in 2005 to Hindalco.
The mines Bill passed by the Rajya Sabha on Friday will push up the cost of production of Tata Steel, Steel Authority of India and Hindalco Industries as they pay to set up district mineral foundations.
Even as Aditya Birla group's Hindalco is facing trial in the coal block allocation case for the Talabira II-mine in Odisha in a special court, the Central Bureau of Investigation (CBI) has filed a fresh First Information Report (FIR) and begun a
Even as things were falling in place for Hindalco Industries, after the start of coal mine auctions, the summons by the trial court investigating the coalgate scam to the chairman and some top officials have hurt investor sentiment.