Waking up to acute raw material crisis faced by Vedanta to run its Lanjigarh alumina refinery, the state government has decided to push aluminium producers like National Aluminium Company (Nalco) and Aditya Birla Group promoted Hindalco Industries to make
Though about seven months are left for mandatory implementation for select companies, the fact that five months have already passed for preparation of comparative financial statements for the previous year, not only under existing accounting standards but
Mining And metal stocks witnessed selling pressure tracking a sell-off in global commodities on worries that the sluggish economic growth in China, the world's largest consumer of metals, would lead to lower export demand going forward.
The government today said the demand by primary producers to raise import duty is a "tricky" case as the move will help the bigger players -- Hindalco, Balco, Nalco and Vedanta -- but may hurt smaller firms that import scrap.
Aditya Birla Group's metal giant Hindalco Industries' shares have fallen 42 per cent since January, making shareholders nervous. Thanks to the global fall in commodity prices, Hindalco and subsidiary Novelis lost money in the June quarter.
Hindalco Industries reported a lower-than-expected net profit at Rs 107 crore in the June quarter on a standalone basis, down more than half of the profit recorded in the corresponding period last year.
Hindalco Industries reported a lower-than-expected net profit at Rs 107 crore in the June quarter, down more than half of the bottomline recorded in the corresponding period last year mainly because of increased expenses and doubled finance costs even as
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).